Senior Underwriter - Financial Institutions
Company: Disability Solutions
Location: Chicago
Posted on: May 4, 2024
Job Description:
Let's care for tomorrow. Your ambitions. Your dreams. Your
tomorrow At Allianz Commercial (AzC), we are the global leader for
insuring corporate and specialty risks in the Allianz Group.
Whether it's aircraft, satellites, the world's biggest ships and
tallest building, cyber-attacks or climate change impacts, AzC has
the major risks covered when it comes to protecting businesses. We
are currently looking for a Sr. Underwriter based in Chicago. This
is a hybrid role. Your Team Allianz Commercial (AzC) employs the
brightest, most passionate people in the insurance industry. We'd
love for you to join our growing team! We invest in our people
through training and professional development while supporting you
along the way-all so you can meet your career goals. To us, the
most important measure of our success is yours. The Impact You Will
Have Underwrite profitable new and renewal business to meet Line of
Business (LoB) targets regionally in accordance with underwriting
guidelines and underwriting authority. Some of your specific
responsibilities could include:
- Underwrite new and renewal Financial Institutions accounts to
meet top and bottom line targets
- Negotiate price and terms and conditions with producers
- Underwrite in line with Financial Lines governance framework -
e.g. Underwriting Authorities, global MSU, Underwriting Guidelines,
Rules and Principles
- Conduct thorough underwriting analysis of Financial
Institutions, including reviewing financial statements, risk
exposures, and claims history.
- Proactively support completion of policy administration and
credit control processes
- Training, developing and coaching of less experienced staff
(including Underwriters)
- Proactively support acquisition of new business and retention
of existing business (including client and producer negotiations
where necessary)
- Develop and maintain strong relationships with key brokers and
clients and other relevant stakeholders What You'll Bring to the
Role
- 3-5 years experience in proven track record in Underwriting
profitable business in Financial Lines
- Thorough understanding of Management Liability products and
coverages for Financial Institutions including D&O, E&O,
EPL, and Fiduciary Liability
- Experience in demonstrating established relationships with
brokers at peer group level and established within market
- Excellent communication and negotiation skills, with the
ability to build rapport and influence stakeholders at all
levels.
- Strong analytical skills and ability to interpret complex
financial data and legal documents
- College degree preferably in Economics, Finance, Insurance
Management, or Business Administration The annualized base pay
range for this role is $77,906-$133,554. The annual base salary
range represents 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. 43068 -
Underwriting - Professional - Non-Executive - 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 (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 .
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. #LI-DNP #LI-Hybrid Nearest
Major Market: Chicago
Keywords: Disability Solutions, Berwyn , Senior Underwriter - Financial Institutions, Accounting, Auditing , Chicago, Illinois
Didn't find what you're looking for? Search again!
Loading more jobs...