Job Description

Senior Underwriter - Property

We are looking for a Senior Underwriter to join our Property Team. This will be a remote role based in San Francisco, California.

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 tailormade All Risks property damage and business interruption insurance through our Allianz Commercial Property network. We insure the majority of Allianz Commercial Property Fortune 500 companies, manage over 1,000 property insurance programs, and field an underwriting team averaging over 20 years of experience, backed by a worldwide team of risk consultants and claims specialists.

The Impact You Will Have

As an Underwriter, you will play a crucial role in driving the profitability and growth of our Property Line of Business (LoB). Your expertise will ensure that new and renewal business meets our targets while adhering to underwriting guidelines and authority. You will negotiate price, terms, and conditions and take ownership of key accounts and clients. By developing and maintaining strong relationships with producers and clients, in partnership with Market Management, you will contribute significantly to our success.

Specific Responsibilities

• Underwrite profitable new and renewal accounts to meet top and bottom line targets, negotiating participation, pricing, and terms with brokers.
• Evaluate Natural Catastrophe Accumulation and ensure an understanding of catastrophe modeling and interpretation of scenarios.
• Ensure contract certainty at inception and utilize global pricing tools effectively.
• Manage policy documentation and administration, ensuring accurate issuance and file maintenance.
• Support the development and execution of regional underwriting strategy, including training and coaching of less experienced staff.
• Proactively support the acquisition of new business and retention of existing business, liaising with Market Management on initiatives.
• Develop and maintain strong relationships with key brokers, clients, and stakeholders, positively representing AGCS externally.

What Youll Bring To The Role

• Proven track record in underwriting profitable business within the Property Line of Business, with a minimum of 3 to 5 years of experience.
• Advanced skills in risk assessment and management, with the ability to assess inherent exposures and natural hazards.
• Intermediate expertise in pricing and market management, analysing performance against benchmarks.
• Robust understanding of regional/local LoB insurance markets and competitor landscape.
• Intermediate skills in contract drafting and interpretation, with a solid understanding of the legal and regulatory framework.
• Advanced knowledge of policy management, including the policy administration life cycle.
• Experience working in a complex, global matrix organization, with a strategic orientation and entrepreneurial mindset.
• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.

Whats in it for you?

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, generous bonus scheme, pension, and a comprehensive benefits package that includes private healthcare, parental leave, and flexible working arrangements. You will have access to career development, digital learning programs, and international mobility opportunities.

Compensation

The annualized base pay range for this role is $99,563 $150,464. The base pay is just one component of the AGCS totalcompensation package, which also includes annual performancebased cash incentive awards.

Seniority level

MidSenior level

Employment type

Fulltime

Job function

Finance and Sales

Industries

Financial Services and Insurance

EEO Statement

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.

Work Authorization

Applicants must be legally authorized to work in the United States without the need for current or future employmentbased sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time.

Application

People with disabilities who need adjustments during the application and selection process can email agcsglobalcareers@allianz.com. Allianz Commercial does not accept unsolicited resumes from agencies; fees will not be paid if a candidate is hired without an agreement in place.

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