Underwriting Specialist - Property (Burbank)

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 an Underwriting Specialist in the West Zone for our Property line of business. 

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 global network.

Our experience speaks for itself - insuring the majority of Global Fortune 500 companies, managing over 1,000 global property insurance programs, and fielding an underwriting team averaging over 20 years' experience, backed by a worldwide team of risk consultants and claims specialists. 

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

The Impact You Will Have 

 Some of your specific responsibilities could include: 

• Underwrite profitable new and renewal business to meet line of business targets regionally, including global elements 

• Take ownership of large accounts/clients, including negotiation of participation, pricing, and terms and conditions 

• Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios 

• Underwrite International Insurance Programs and proactively manage capacity 

• Underwrite in line with the LoB governance framework (Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles) 

• Ensure contract certainty is achieved on all accounts at time of inception and utilization of global pricing tools 

• Ensure placing and binding of FAC Reinsurance prior to policy inception 

• Ensure accurate policy documentation is issued and maintain files for each risk and transaction handled 

• Contribute to the development and execution of regional underwriting strategy 

• Train, develop, and coach less experienced staff, including underwriters 

• Manage complex referrals and re-underwrite complex business as appropriate 

• Proactively support acquisition of new business and retention of existing business, including client and producer negotiations 

• Develop and maintain strong relationships with key producers, clients, and other relevant stakeholders (e.g., risk managers) 

• Positively represent Allianz Commercial externally to the market 

What You'll Bring to the Role 

  Experience & Knowledge : 

• Minimum 5-7 years of significant experience underwriting profitable business in the Property line of business 

• Specialized expert understanding of sub-LoB products and portfolio 

• Specialized understanding of regional/local property insurance markets and competitor landscape, including global elements 

• Good understanding of legal and regulatory framework 

• Experience working in a complex, global matrix organization 

Technical Skills : 

• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to the Property line of business 

• Pricing and Market Management: Ability to analyze current performance against benchmarks, applying knowledge of how the market operates, business needs, and customer needs 

• Contract Drafting and Interpretation: Ability to design, develop, and implement consistent, robust wordings 

• Policy Management: Robust understanding of the policy administration life cycle, including information collection, policy issuance, premium bookings, credit control, and cancellation 

General Skills : 

• Strong analytical skills with the ability to analyze highly complex data from multiple sources 

• Excellent communication and presentation skills - ability to express ideas clearly, both written and verbally 

• Influencing skills - ability to persuade and motivate others to act without executive authority 

• Proficiency in office applications (PowerPoint, Excel, Word) 

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

Education : 

• Preferably a degree in Economics, Finance, Insurance Management, or Business Administration 

• Completion of a professional insurance qualification (e.g., CII) preferred 

The annualized base pay range for this role is $123,534 to $186,707. 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.  

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.

101049 | Underwriting | 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: 

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