Underwriting Specialist - Natural Resources (Houston)

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.

Your Team   

You'll be part of a dedicated insurance team serving the natural resources sector. Allianz Commercial provides flexible and tailored solutions to the most demanding insurance challenges, including the following segments part of the Americas Natural Resources Line of Business scope:

• Renewables (Solar PV, Wind and BESS, both builders risk as well as Operational PD/BI);
• Conventional power generation and distribution and other renewables (Operational PD/BI, except Nuclear hot zone and stand-alone coal fired power plants); and
• Mining (Operational PD/BI, excluding coal).

The Impact You Will Have   

Reporting to the Hub Lead Natural Resources Americas, you will join the team as a Natural Resources Underwriting Specialist. You'll bring your established relationships with brokers and insureds to successfully underwrite profitable new and renewal business fitting within the unit risk appetite.

Some of your specific responsibilities could include:

• Underwriting new and renewal business including negotiating price, terms and conditions with our broker partners while proactively managing capacity, risk appetite and profitability.
• Driving marketing initiatives and building strong, collaborative relationships with our brokers by providing excellent customer service, technical knowledge and support.
• Developing creative solutions to our client's problems by collaborating with our Risk Consultants, Product Development and Claims.
• Drive and participate in key projects around the business which impact results.
• Assist in developing team members and act as referral point for senior underwriters.

What You'll Bring to the Role -

• 5+ years of experience in National Resources underwriting;
• Ability to build and foster relationships internally across the organization and externally with our broker partners;
• Outstanding technical skills with ability to analyze complex data/information from multiple sources;
• Strong Microsoft Office Suite skills, especially with Excel;
• Ability to express ideas and messages clearly, both written and verbally;
• Strong thought leadership skills with the ability to persuade and motivate others to act; and
• Strong solution orientation, with an entrepreneurial spirit.
• In depth understanding of its products and portfolio. In depth understanding of regional/local LoB insurance markets and competitor landscape. Demonstrable, established relationships with brokers at peer group level and established within local market.
• Preferably a bachelor's degree in Risk Management, Insurance, Business Administration, Finance or Economics. And completion of a professional insurance qualification.
• Ability to assess risk inherent exposures and natural hazards relevant to LoB. Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented. Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance.
• Apply knowledge of how the market operates and functions, the business and customer needs.
• Ability to analyze highly complex data from multiple sources, in detail; identify and resolve issues before they transpire
• Ability to express ideas and messages clearly, both written and verbally. Ability to sell an improvised or prepared audience winning story. Ability to persuade and motivate others to act, without executive authority.
• Use of general office application tools (i.e. PowerPoint, Excel, Word).
• The ability to utilize AI tools to support day-today tasks, improve efficiency, and contribute to data-driven decision-making is valuable. A willingness to learn and explore how AI can enhance your role and the broader organization is expected

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 $102,586 - 154,983. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several 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.

What's in it for you?

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 nurture 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.

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 (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.  Learn more about us by clicking here .  

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic.  Diversity of thinking is an important part of our company culture.  

Recruitment Agencies:
AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC does not accept unsolicited resumes from agency or search firm recruiters.  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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