Underwriting Specialist - Construction

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Job Overview

The position available is for an Underwriting Specialist focusing on the Construction sector with Allianz, a leading global insurance provider. This role involves handling underwriting for profitable new and renewal business, with a remote work option available for individuals located in Canada. The primary responsibility is to evaluate and underwrite various construction-related insurance risks, dealing with accounts of significant complexity and ensuring that the insurance contracts are sound.

Key Responsibilities

The Underwriting Specialist will have diverse duties, including but not limited to:

  • Underwriting new and renewal accounts, striving to meet defined profitability targets, and creating value for Allianz.

  • Engaging in negotiations regarding pricing and terms with producers to maintain a competitive edge.

  • Managing capacity proactively, which includes the assessment of Natural Catastrophe Accumulation and understanding catastrophe modeling and scenarios for relevant lines of business.

  • Developing and maintaining strong relationships with brokers, clients, and other stakeholders.

  • Contributing to the development and execution of the regional Underwriting strategy for the lines of business.

  • Training and coaching junior underwriters, advocating for best practices and professional development within the team.

Required Skills and Qualifications

Candidates interested in applying for this position should possess several essential skills and qualifications, which include:

  • Experience: 5-7 years of significant professional experience in underwriting construction, transportation, inland marine, and low/medium hazard property risks.

  • Knowledge: A specialized understanding of sub-lines of business products, alongside well-established relationships with brokers within the insurance market.

  • Academic Background: A bachelor’s degree in insurance, Risk Management, Finance, Economics, or Business Administration is preferred. Candidates with recognized professional insurance qualifications, such as CII, will be at an advantage.

  • Technical Proficiency: Familiarity with various general office applications, including PowerPoint, Excel, and Word, is required. Additionally, comfort with utilizing AI tools to enhance workflow efficiency is valued.

  • Communication Skills: A proven ability to articulate ideas clearly in both written and verbal formats is necessary. The role also requires the ability to persuade and motivate others effectively.

Compensation Structure

The annualized base salary for the Underwriting Specialist role ranges from $107,625 to $167,534. However, the actual salary offered may exceed this based on various factors, such as the candidate's qualifications, experience, and the specifics of the role's complexity and scope. Alongside the competitive base salary, potential candidates can expect:


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  • Annual performance-based cash incentive awards.

  • Comprehensive benefits package that varies by locale and which may include health insurance, pension plans, and bonus schemes.

Work Environment and Culture

Allianz is committed to fostering a diverse, inclusive workplace where every employee has the opportunity to succeed and feel valued. The company promotes a hybrid working model, allowing for a balance between remote work and in-office collaboration. Employees are also encouraged to discuss flexible working arrangements tailored to individual needs.

The company emphasizes ongoing career development, providing resources for continuous learning and opportunities for international career mobility. This ensures that employees have a supportive environment to grow professionally.

Commitment to Wellbeing

Allianz prioritizes the wellbeing of its employees. This includes:

  • Offering robust support for health and wellbeing, including access to private healthcare and generous parental leave benefits.

  • Opportunities to work in an inclusive manner that values unique contributions and promotes a culture of belonging.

  • Support systems for employees returning from career breaks, ensuring smooth transitions back into the workplace.

Company Overview

As a part of the Allianz Group, one of the world’s leading corporate insurance carriers, Allianz Commercial (AzC) has built a strong reputation in the insurance market. The company specializes in providing risk consultancy and Property-Casualty insurance solutions to a broad spectrum of commercial, corporate, and specialty risks. Allianz is dedicated to making impactful decisions that shape a sustainable future in both societal and environmental aspects.

By joining Allianz, prospective candidates are not only securing a job; they are becoming part of an organization that values innovation, professional empowerment, and a strong commitment towards community and environmental responsibilities. Candidates interested in this role should be prepared to contribute to shaping the future of the insurance industry.

In conclusion, the Underwriting Specialist position at Allianz entails not only initiating and managing underwriting responsibilities with significant autonomy and technical complexity, but also offers a rewarding compensation package and an enriching work culture that emphasizes professional growth and inclusivity.



This job offer was originally published on jooble.com

Allianz

Ontario

Software testing

Full-time

May 8, 2025

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This job offer summary has been generated using automated technology. While we strive for accuracy, it may not always fully capture the nuances and details of the original job posting. We recommend reviewing the complete job listing before making any decisions or applications.