Senior Underwriting Governance Specialist

We are looking for an Senior Underwriting Governance Specialist based in Chicago

Your Team

The Underwriting Integrity and Solutions builds and maintains the underwriting governance frameworks across the P&C Commercial and Specialty business across large- and middle-corporate business segments.

The Impact You Will Have

We are looking for a Senior Underwriting Governance Specialist to join the Chief Underwriting Office (CUO) Underwriting Integrity & Solutions (UWIS) Team. In this high-impact individual contributor role, you will help build and sustain a disciplined underwriting governance framework across our P&C, Commercial and Specialty portfolios, with a specific focus on large- and middle- corporate business segments. You will shape policy, drive data-informed insights, and champion best practices across a complex, matrixed organization - directly supporting CUO objectives and enabling underwriters to operate within Allianz Commercial's risk appetite.

Some of your specific responsibilities could include :

• Develop, maintain, and continuously improve UWIS-owned underwriting governance frameworks with the primary goal of maximizing underwriting adherence to Allianz Commercial's risk appetite and supporting CUO strategic objectives.
  
  

• Design and manage reporting and analytics capabilities that provide actionable visibility into underwriting performance and risk appetite adherence - enabling data-driven governance decisions that support Allianz Commercial's underwriting standards and business goals.
  
  

• Support training and capability-building initiatives to embed governance standards and risk awareness across underwriting teams, reinforcing a strong 1st line of defense culture.
  
  

• Collaborate closely with Line of Business (LoB) leaders within CUO to promote and realize 1st line of defense underwriting risk ownership, ensuring governance frameworks are practical and business-aligned.
  
  

• Drive adoption of new governance frameworks in a matrixed environment, influencing stakeholders without direct authority.
  
  

• Identify gaps in existing underwriting controls and proactively recommend risk-based enhancements that strengthen the control environment and advance Allianz Commercial's risk management objectives.
  
  

What You'll Bring to the Role

• Bachelor's degree in Economics, Finance, Insurance Management, Business Administration, Engineering, or other analytical field.
  
  

• 3-5 years of experience in underwriting, underwriting governance, or a closely related risk/compliance function within P&C, Commercial or Specialty Lines, with exposure to large- and/or middle- corporate business segments preferred.
  
  

• Demonstrated ability to develop or significantly contribute to risk-based underwriting guidelines, policy frameworks, or governance programs - with an emphasis on business enablement and supporting CUO objectives.
  
  

• Strong analytical skills with experience in data reporting tools (e.g., Power BI); ability to synthesize complex data, draw meaningful conclusions, and translate findings into actionable governance recommendations and enhancements.
  
  

• Proven track record of influencing cross-functional stakeholders and navigating complex organizational structures.
  
  

• Excellent written and verbal communication skills - able to translate technical underwriting concepts for diverse audiences.
  
  

• Curiosity and initiative in exploring how AI tools can streamline or enhance underwriting governance frameworks; paired with the critical judgment to assess AI outputs rigorously, recognizing the low tolerance for hallucination or error in a risk governance context.
  
  

• Self-starter who thrives with autonomy and can manage multiple priorities in a fast-paced environment.
  
  

• Experience building or enhancing underwriting governance and control frameworks within a complex insurance organization, a plus.
  
  

• Familiarity with regulatory requirements relevant to P&C Commercial and Specialty Lines, a plus.
  
  

• Knowledge of Canadian and/or Latin American market dynamics and regulatory requirements, a plus.
  
  

• Experience with delegated underwriting authority (DUA) programs and/or Excess & Surplus (E&S) lines, a plus.
  
  

• Spanish language fluency, a plus.
  
  
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

Applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.

The annualized base pay range for this role is $126,000 - $165,000. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.

99913 | Operations | Professional | Allianz Commercial | Full-Time | Permanent

What's in it for you?

Let's care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let's care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let's care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let's care for life's twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let's care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

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. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

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.

People with disabilities:

We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email View email address on click.appcast.io

Recruitment Agencies:

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm.Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.

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