Senior Underwriter - Property

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.

We are looking for a Senior Underwriter for our Property Team. This will be a hybrid role based in New York, NY.

Your Team

Allianz Commercial (AzC) specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made All Risks property damage and business interruption insurance through our Allianz Commercial Property network.

Our experience speaks for itself, insuring the majority of Allianz Commercial Property Fortune 500 companies, managing over 1000 Allianz Commercial property insurance programs, and fielding an underwriting team averaging over 20 years experience, backed up a worldwide team of risk consultants and claims specialists.

When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!

The Impact You Will Have:

As a Senior Underwriter, you will play a pivotal role in driving profitable growth and ensuring the success of our underwriting operations. You will be responsible for underwriting new and renewal business, negotiating terms, and managing key accounts while adhering to underwriting guidelines and governance frameworks. Your expertise will help shape our underwriting strategy, foster strong relationships with brokers and clients, and contribute to the overall success of our organization.

Some of Your Specific Responsibilities Could Include:

Underwriting Profitable Business:

• Underwrite new and renewal accounts to meet top and bottom-line targets.
• Negotiate participation, pricing, and terms with brokers while proactively managing capacity.
• Evaluate and underwrite natural catastrophe accumulation and interpret catastrophe modeling scenarios.
• Underwrite international insurance programs for relevant lines of business (LoBs).

Underwriting Approach and Compliance:

• Ensure underwriting aligns with governance frameworks, including authorities, guidelines, and principles.
• Achieve contract certainty on all accounts at inception.
• Utilize global pricing tools and ensure reinsurance placement before policy inception.

Policy Documentation and Administration:

• Ensure accurate policy documentation is issued to brokers or maintained appropriately.
• Manage file maintenance for each risk and transaction.
• Support policy administration and credit control processes proactively.

Supporting Underwriting Strategy & Leadership:

• Contribute to the development and execution of regional underwriting strategies.
• Train, develop, and coach less experienced staff, including junior underwriters and operations teams.
• Manage referrals and re-underwrite complex business as needed.

Market and Relationship Management:

• Support the acquisition of new business and retention of existing business.
• Collaborate with Market Management on initiatives and negotiations with brokers and clients.
• Build and maintain strong relationships with key brokers, clients, and internal stakeholders.

What Youll Bring to the Role:

Technical Expertise:

• Proven track record of underwriting profitable business with 10+ years of experience in the relevant LoB.
• In-depth understanding of LoB products, portfolio management, and regional/local insurance markets.
• Strong risk assessment and management skills, including the ability to evaluate natural hazards and exposures.

Analytical and Strategic Skills:

• Advanced analytical skills to assess complex data and draw actionable conclusions.
• Ability to analyze performance benchmarks and adapt strategies to meet business needs.
• Robust understanding of policy administration, including lifecycle, premium bookings, and credit control.

Interpersonal and Communication Skills:

• Strong influencing skills to persuade and motivate others without executive authority.
• Clear and effective communication and presentation skills, both written and verbal.
• Proven ability to foster relationships with brokers, clients, and internal stakeholders.

Education and Certification:

• Bachelors degree in Economics, Finance, Insurance Management, or Business Administration (preferred).
• Understanding of legal and regulatory frameworks relevant to the insurance industry.

Additional Skills:

• Experience working in complex, global matrix organizations.
• Proficiency in contract drafting and interpretation.
• Commitment to driving diversity, innovation, and continuous improvement.
• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.

The annualized base pay range for this role is $99,554 to $150,464. 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. 

95944 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

Whats in it for you?

Lets 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. 

Lets 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.

Lets 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.

Lets care for lifes 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. Weve got your back.

Lets 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 whats ahead.

Learn more about careers at Allianz Commercial by clickinghere.

Learn more about Allianz Commercial by clickinghere.

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. Lets 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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