Underwriting Specialist - Financial Lines

We are looking for an Underwriting Specialist for our office in San Francisco or Los Angeles for our Financial Lines Public D&O line of business..

Your Team

Allianz Commercial (AzC) specializes in commercial insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on Public companies, including larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance policies through our global network.

Our experience speaks for itself, insuring the majority of Global Fortune 500 companies, managing over 1000 global property insurance programs, and fielding an underwriting team averaging over 20 years’ experience, backed up 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!

As an Underwriting Specialist, you'll take ownership of a portfolio of large, complex accounts and play a key part in shaping our underwriting strategy. You'll also have the opportunity to mentor and develop fellow underwriters, making a real impact on the people around you, not just the bottom line.

The Impact You Will Have

• Drive profitable growth by leading the underwriting of new and renewal business across your portfolio, including accounts with global dimensions.
• Serve as a trusted advisor to brokers, clients, and risk managers, building relationships that create long-term value for everyone involved.
• Shape the future of our team by coaching and developing less experienced underwriters, acting as a go-to resource for complex questions and referrals.
• Contribute to regional underwriting strategy, helping us stay ahead of market trends and deliver innovative solutions.
• Represent Allianz Commercial in the market with professionalism and integrity, strengthening our reputation as a partner of choice.

Some of your specific responsibilities could include:         

• Underwriting new and renewal accounts to meet both revenue and profitability targets, including negotiating pricing, terms, and conditions with producers.
• Managing capacity proactively and ensuring alignment with our governance framework, including underwriting authorities and guidelines.
• Evaluating and managing risk accumulation, including catastrophe modeling and scenario analysis where applicable.
• Supporting international insurance programs and coordinating with global colleagues as needed.
• Ensuring contract certainty at inception and accurate, timely policy documentation.
• Collaborating across functions, including market management, claims, and operations, to deliver a seamless experience for clients and brokers.
• Supporting new business acquisition and retention efforts through proactive market engagement.

What You’ll Bring to the Role

Experience & Knowledge

• A minimum of 5 to 7 years of underwriting experience in Financial Lines or a related specialty, with a strong track record of managing a profitable book of business.
• Solid understanding of your line of business products, the competitive landscape, and regional and local insurance markets, including global elements.
• Familiarity with the legal and regulatory framework relevant to your area of expertise.
• Experience working within a complex, global organization is a plus.

Skills & Strengths

• Strong analytical skills with the ability to evaluate complex information from multiple sources and make sound decisions.
• Excellent communication and presentation skills, both written and verbal, with the ability to tell a clear and persuasive story.
• A natural relationship builder who can influence and motivate others without relying on formal authority.
• Comfortable with standard office tools (Excel, PowerPoint, Word) and pricing/underwriting platforms.
• Ability to utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making. 

Education & Credentials

• Bachelor's degree preferred, ideally in Economics, Finance, Insurance Management, or Business Administration.
• Professional insurance qualification (e.g., CII or equivalent) is a plus.
• Fluent in English (native level).

The annualized base pay range for this role is $148,103 - $223,724 for San Francisco or Los Angeles, CA . 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. 

Applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.

106388 | 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 race, 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.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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