Underwriting Specialist - Construction

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Job Overview

The Underwriting Specialist position at Allianz, specifically for the Construction sector, offers an opportunity to work remotely from Canada. The role is part of Allianz Commercial (AzC), which is a global leader in insuring corporate and specialty risks. The company focuses on various sectors, protecting businesses from significant risks including construction projects, transportation, and property hazards. This job is an ideal fit for candidates with a strong background in underwriting and risk assessment within related fields.

Key Responsibilities

As an Underwriting Specialist, the primary duties will include:

• Underwriting new and renewal accounts to meet financial objectives.
• Negotiating prices and terms with insurance producers.
• Managing capacity proactively, under certain Line of Business (LoB) targets.
• Analyzing Natural Catastrophe Accumulation relevant to the underwritten accounts.
• Maintaining strong professional relationships with brokers and clients to ensure effective communication and negotiation.
• Ensuring contract certainty at the inception of all accounts and the accurate issuance of policy documentation.
• Contributing to regional underwriting strategies and training less experienced staff.

The specialist will also have ownership of large accounts which requires strong negotiation skills to establish participation, pricing, and terms that align with company standards.

Required Skills

The position demands a mix of technical expertise and business acumen:

• A minimum of 5-7 years of experience in underwriting for construction, transportation, and low/medium hazard property risks.
• Specialized understanding of relevant sub-lines of business such as Builder’s risk and Contractor’s equipment.
• Established relationships with brokers and industry peers.
• Proficiency in assessing risk exposures and understanding the legal and regulatory landscape governing insurance practices.
• A bachelor’s degree in Insurance, Risk Management, Finance, or a related field, alongside professional qualifications (e.g. CII) is preferred.
• Strong analytical skills to evaluate performance metrics against industry benchmarks.
• Excellent communication skills, both verbal and written, with the ability to persuade and motivate stakeholders effectively.
• Familiarity with AI tools for improving efficiency in underwriting tasks is advantageous.

Salary and Benefits

The role offers a competitive annual salary range between $107,625 and $167,534 CAD. This range reflects the nationwide market and can vary based on several factors, including:

• Scope and complexity of the underwriter's role.
• The candidate’s skills, education, and experience.
• An annual performance bonus may also be available, enhancing overall compensation.

In addition to financial benefits, Allianz provides:

• A hybrid working model, balancing remote work and in-person collaboration.
• Comprehensive health and well-being benefits, including private healthcare.
• Generous parental leave and support for returning from career breaks.
• Wide-ranging career development programs and opportunities for international mobility.
• An inclusive work environment that emphasizes personal growth and opportunity.

Impact and Corporate Culture

Joining Allianz means contributing to a company that values innovation, empowerment, and diversity. This role is critical not only in underwriting but also in influencing the company's success by fostering robust relationships with their clients and stakeholders. Allianz emphasizes a commitment to sustainability and creating a safer future for its employees and clients alike.

Overall, the Underwriting Specialist - Construction position at Allianz presents a compelling opportunity for driven professionals looking to advance in the insurance sector. With a focus on structural integrity and corporate sustainability, this role also presents the benefit of remote work, making it a desirable option for job seekers in Canada. The combination of a competitive salary, comprehensive benefits, and a supportive work environment underscores Allianz’s commitment to employee satisfaction and career advancement.

This job offer was originally published on jooble.com