Associate Graduate Underwriter/Analyst - Energy & Construction - New York
Let's care for tomorrow.
Your ambitions. Your dreams. Your tomorrow
At Allianz Global Corporate and Specialty (AGCS), 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, AGCS has the major risks covered when it comes to protecting businesses.
We are looking for an Associate Graduate Underwriter/Analyst - Energy & Construction. This role will be based in our New York office.
Your Team
As industrial specialists, Allianz Global Corporate & Specialty (AGCS) has a long-standing tradition of supporting the energy & construction industry. We are committed to best serve our partners and clients in the Energy & Construction area by offering customized solutions from initial construction through to the operational phase.
Our risk consulting, claims and underwriting teams have many years of practical experience of leading the largest engineering risks and construction projects across the globe, covering a wide range of engineering classes, including oil and gas, power and utilities, heavy industries, transportation systems and heavy civil engineering projects. With dedicated energy experts serving both the onshore and offshore oil and gas industries, AGCS can also provide flexible and tailored solutions to the most demanding energy insurance challenges.
The Impact You Will Have
Reporting to the US Head of Construction Property, this position will take prime responsibility for preparing underwriting process within own area of responsibility and expertise (has underwriting authority), and liaise with other functions to ensure timely/accurate policy administration.
Some of your specific responsibilities could include:
- Underwriting new and renewable accounts to meet top and bottom-line targets within predefined underwriting authority in line with energy and construction underwriting authorities, global MSU, guidelines etc.
- Participate in acquisition of new business and retention of existing business (including client and broker negotiations where necessary) in line with underwriting strategy
- Prepare relevant underwriting information including client/market research and claims data
- Assist in evaluation of natural catastrophe accumulation, pricing of risks, and using global tools as appropriate
- Assist in: binding of FAC Reinsurance, development of portfolio steering tools, ad-hoc inquiries, accuracy of data processing, and assistance to senior business partners (prepping reports/presentations/workshops etc.)
What You'll Bring to the Role -
We'd like to find someone with a basic understanding of the New York regional and local energy and construction line of business insurance markets and competitor landscape. Preferably a bachelor's degree in Economics, Law, or other appropriate discipline. Progress towards a professional insurance qualification would be an added bonus.
The annualized base pay range for this role is $51,084 to $91,442. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several 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 AGCS 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.
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 Global Corporate & Specialty (AGCS) 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 here.
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.
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 agcsglobalcareers@allianz.com
Recruitment Agencies:
AGCS has an in-house recruitment team, which focuses on sourcing great candidates directly. AGCS 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.
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