Underwriting Specialist - Professional Indemnity (Chicago, IL, US, 60606) presso Allianz Commercial
Allianz Commercial · Chicago, Stati Uniti d'America · Hybrid
- Professional
- Ufficio in Chicago
Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow.
Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.
Our Professional Indemnity Financial Lines team is currently looking for an Underwriting Specialist 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:
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Participate in the development and execution of Zonal Underwriting strategy for LoB(s) and work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross- selling
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Underwrite new and renewal accounts to meet top and bottom line targets
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Negotiate price and terms and conditions with producers
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Underwrite in line with Financial Lines governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
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Proactively support completion of policy administration and credit control processes
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Contribute to development and execution of zonal Underwriting strategy for LoB
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Training, developing and coaching of less experienced staff (including Underwriters)
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Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
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Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
What You’ll Bring to the Role
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5-7 years experience in Underwriting profitable business in Financial Lines. Specialized expert understanding of sub-LoB products and portfolio
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5-7 years experience in demonstrating established relationships with brokers at peer group level and well established within market
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5-7 years experience in specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements
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3-5 years experience in good understanding of legal and regulatory framework
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3-5 years experience working in complex, global matrix organization
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College degree preferably in Economics, Finance, Insurance Management, or Business Administration
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Completion of professional insurance qualification (e.g. CII, RPLU) is a plus
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Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is preferred
The annualized base pay range for this role is $122,017 - $189,931. 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.
81925 | 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 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:
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 [email protected]
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 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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