Director of Energy Underwriting (Baltimore)

This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Reporting Line: Head of Energy and Regional Head of Commercial Underwriting- Americas

Job Summary: Lead the go-to-market distribution strategy and commercial underwriting for Energy.

Under the direction of the Regional Head of Commercial Underwriting, working as a liaison to the Head of Energy, this position will support the Energy team in managing a portfolio of new business submissions and/or renewal submissions specifically for the Energy portfolio. This position will analyze and provide policy structure and premium rates for submissions, help develop customer relationships, cultivate and manage commercial Energy team, direct sales force and/or broker relationships, provide the highest quality of customer service, assess commercial underwriting risk, review standing of the portfolio, all in order to achieve Allianz Trade profitability and growth objectives.

Key Responsibilities and Duties

• Utilizing Allianz Trade's commercial underwriting rules and guidelines; structure and price new business and renewal policies, ensuring compliance while driving the energy business towards Allianz Trade's retention, growth and profitability objectives.
• Provide highest possible level of customer service to internal and external customers.
• Support the team in maximizing approvals for our portfolio of policyholders. This is inclusive of attending meetings with brokers and clients as required.
• Manage a portfolio of non-cancellable and cancellable clients.
• Manage and support customer relationships with brokers and Energy leadership.
• Support and drive revenue and growth goals.
• Mentor and provide guidance / training for team members.
• Work independently on other tasks assigned.
• Responsible for a dedicated portfolio, steering and providing a pro-active exceptional service level, by regularly meeting customers and brokers.
• Contribute to support Commercial in steering customers loss ratio and implement necessary actions to ensure or restore profitability of portfolio.
• Take responsibility on projects and initiatives as assigned.
• Build relationships with other core functions.
• Attend Association and industry conferences and networking events.
• Understand and remain current on Energy specific contracts and updates in the market.

Required Qualifications and Skills

• Bachelor's degree in economics, finance or related discipline. Advanced degree, MBA or MS Finance preferred.
• 5+ years' experience in financial management experience in banking, credit insurance brokerage or a credit insurance environment.
• Proficient computer skills, with an understanding of financial software and spreadsheet packages.
• Strong analytical and research skills.
• Ability to build long term customer relationship, even in a context of restrictive decisions and deteriorated market.
• Strong planning, organizational and workflow prioritization skills.
• Strong communicator and able to convince others of decision taken; ability to hold visits and contacts including difficult meetings with high profile seniors.
• Interact effectively with our Risk Underwriters, Direct Sales Force, and other departments within Allianz Trade.
• Good interpersonal and customer service skills

Market Knowledge:

• • Expert knowledge in the Credit / Insurance industry
  • Strong broker and industry relationships
  • Strong business expertise and business/finance assessment skills.
  • Energy contract experience preferred.

Leadership Skills

• Ability to build, train and motivate teams.
• Retain high performing employees.

• Looking for candidates that possess a basic awareness of  Artificial Intelligence  technologies and are enthusiastic about learning and integrating AI into everyday business processes.

• (Generative) Artificial Intelligence or GenAI or AI
• Data Analysis
• (Microsoft) Copilot
• ChatGPT

Total compensation range:

$160,000 - $190,000

Placement within the range provided above is based on the individual's relevant experience, skills for the role, and location. Salary ranges are only one component of our total compensation package.

Benefits:

We value your goals and needs, at work and in life. As an associate, you'll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.

Featured employee benefits to enrich your life:

· Competitive compensation

· Annual bonus eligibility and/or commission structure opportunities

· 401(k) discretionary match of up to 6%

· Flexible work schedules

· Health and wellness benefits

· Paid time off for vacation, illness, Birthday Day Off and Volunteer Day Off

· Tuition Reimbursement

· Family care resources, including fertility and adoption benefits

Learn more about our benefits here: 

#LI-BP1

101230 | Underwriting | Professional | Non-Executive | Allianz Trade | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer. We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions. Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future - for our customers and for the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.

Note: Having different strengths, experiences, perspectives and approaches is an integral part of Allianz' company culture. One means to achieve this is a regular rotation of Allianz employees across functions, Allianz entities and geographies. Therefore, Allianz expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.