Executive Underwriter - Energy & Construction

If you are a current AzC employee and wish to refer a candidate for this role, please click here for instructions and eligibility criteria   

Cluster:  Allianz Professional

Let’s care for tomorrow.  

Your ambitions.  Your dreams.  Your tomorrow  

At Allianz Commercial (AzC), 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, AzC has the major risks covered when it comes to protecting businesses.

We are looking for an Executive Underwriter – Energy & Construction.  This role will be a hybrid schedule and based in our Toronto office.   

Your Team  

Allianc Commercial Canada has been a strong player in the insurance market for many years. Today, we have a rowing workforce - more than 125 people strong - and an expanding book of business. Through our three offices in Toronto, Vancouver, and Montreal we are a trusted industrial insurer for many of the major companies in Canada, backed by the strong capital and capacity you would expect from the Allianz Group.

As industrial specialists, Allianz Commercial (AzC) 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.

The Impact You Will Have  

Reporting to the Head of Energy and Construction Canada, this position will take prime responsibility for underwriting profitable new and renewal business to meet the Energy & Construction line of business targets in accordance with underwriting guidelines and underwriting authority. In addition, negotiate pricing, and terms and conditions, own accounts/clients, while developing and maintaining strong relationships with producers and clients in partnership with Market Management. Also, coaching and mentoring underwriters.

Some of your specific responsibilities could include:  

• Participate in the development and execution of regional Underwriting strategy for LoB(s). Work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross-selling
• Underwrite new and renewal accounts to meet top and bottom-line targets. Negotiate price and terms and conditions with producers. Proactively manage capacity. Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs)              
• Positively represent AzC externally to the market. Proactively drive involvement of functional areas in Underwriting process, including e.g., MMC, ARC, Claims, Operations. Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g., risk managers)   
• Ensure accurate policy documentation issued to producers (where AzC responsibility to do so) or producers has issued documentation (where producer responsibility). File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled. Proactively support completion of policy administration and credit control processes          
• Proactively support acquisition of new business and retention of existing business  (including client and producer negotiations where necessary). Proactively liaise with MMC on market management initiatives            
• Participate/contribute to key projects. Training and development of underwriters in Lob, e.g., Associate Underwriters and Underwriters. Referral point for other underwriters. Participate in cross regional activities as require/requested.

What You’ll Bring to the Role –  

• Minimum 7 years’ proven track record in Underwriting profitable Energy & construction insurance business. In depth understanding of it’s products and portfolio, understanding of regional/local insurance markets, with demonstrable established relationships with brokers at peer group level and well established within the local market.
• Preferably a bachelor’s degree Insurance, Risk Management, Finance, Economics, or Business Administration with completion of a professional insurance qualification.
• Ability to assess risk inherent exposures and natural hazards relevant to LoB.
• Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented.

The annualized base pay range for this role is $106,810 to $182,276. 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 Commercial (AzC) 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.  

Recruitment Agencies:   
AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC 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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