Executive Underwriter Jobs

We are looking for anExecutive Underwriter for ourPropertyUnderwritingTeam. This will be a hybrid role based in Chicago, IL.

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 tailor-made 'All Risks' property damage and business interruption insurance through our Allianz Commercial Property network.

Our experience speaks for itself, insuring the majority of Allianz Commercial Property Fortune 500 companies, managing over 1000 Allianz Commercial property insurance programs, and fielding an underwriting team averaging over 20 years' experience, backed up by a worldwide team of risk consultants and claims specialists.

When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!

The Impact You Will Have
As an Executive Underwriter, you will play a central role in shaping the profitability and growth of our regional underwriting portfolio. You will be a trusted leader within the team, guiding and developing senior underwriters while managing some of our most complex and high-profile accounts. Your expertise will directly influence how we assess risk, build lasting broker and client relationships, and drive strategic decisions that keep our business competitive and forward-looking. This is an opportunity to bring your deep market knowledge and underwriting judgment to a role where your contributions truly matter.

Some of your responsibilities could include:
UnderwritingStrategy Leadership

• Contribute to the development and execution of the regional underwriting strategy for your Line of Business
• Train, develop, and coach experienced staff, including Senior Underwriters
• Manage complex referrals from underwriters and spoke offices, re-underwriting complex business as appropriate
• Delegate work effectively across the team

Underwriting Profitable Business

• Underwrite new and renewal accounts to meet top and bottom line targets
• Negotiate pricing, terms, and conditions with producers while proactively managing capacity
• Evaluate Natural Catastrophe Accumulation exposures, including catastrophe modeling and scenario interpretation
• Underwrite International Insurance Programs for relevant Lines of Business

Relationship Management

• Positively represent Allianz Commercial in the external market
• Drive cross-functional collaboration with Market Management, Risk Consulting, Claims, and Operations
• Develop and maintain strong relationships with key producers, clients, and stakeholders such as risk managers

Policy Documentation Administration

• Ensure accurate and timely policy documentation is issued to or by producers
• Maintain complete and organized files for each risk and transaction
• Support the completion of policy administration and credit control processes

Market Management

• Proactively support the acquisition of new business and retention of existing accounts, including client and producer negotiations
• Collaborate closely with Market Management on strategic initiatives

Supporting Key Business Initiatives

• Participate in and contribute to key projects across the organization
• Serve as a referral point and mentor for Associate Underwriters and Underwriters
• Engage in cross-regional activities as needed

What You'll Bring to the Role

• 7 to 10+ years of underwriting experience with a proven track record of underwriting profitable business in your Line of Business; similar property industry experience (e.g., broker or risk management) will also be considered
• Deep knowledge of your Line of Business products, portfolio dynamics, and the regional/local insurance market and competitive landscape
• Established broker and market relationships at the peer group level, with a strong reputation in the local market
• Strong risk assessment skills, including the ability to evaluate inherent exposures and natural hazards relevant to your Line of Business
• Portfolio management expertise, with the ability to analyze trends, develop scenario plans, and implement portfolio strategies
• Pricing and performance analysis skills, with experience benchmarking and evaluating portfolio performance
• Excellent analytical abilities, including comfort working with highly complex data from multiple sources
• Strong communication and presentation skills, with the ability to clearly express ideas in writing and verbally, and to deliver compelling, audience-winning presentations
• Influencing and negotiation skills, with the ability to persuade and motivate others without executive authority
• Proficiency in standard office applications (PowerPoint, Excel, Word)
• Experience in applying artificial intelligence (AI) and machine learning (ML)to improve business processes and decision-making is highly beneficial.
• Bachelor's degree preferred in Economics, Finance, Insurance Management, or Business Administration

The annualized base pay range for this role is $129,741 - $196,017. The annual base salary range represents a 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. 

109699 | 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 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 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 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 agcsglobalcareers@allianz.com

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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