Job Description

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, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses. 

We are looking for a Portfolio Solutions Risk Lead to join our Team. This will be a hybrid role based in O'Fallon, Chicago, Alpharetta, or New York.

Your Team

Be part of our Portfolio Solutions team in North America, where we focus on evaluating, structuring, and managing delegated authority and program business across multiple lines of business. Our team thrives on collaboration, analytical excellence, and disciplined portfolio underwriting to drive profitable growth.

The Impact You Will Have

Reporting to the Regional Head of Portfolio Solutions and Delegated Authority in North America, the Portfolio Solutions Underwriter will play a key role in supporting profitable growth through disciplined underwriting, analytical assessment, and effective collaboration across underwriting, actuarial, distribution, claims, finance, and operations teams.

This role requires a strong portfolio mindset with the ability to evaluate multi-line business, assess performance trends, and support strategic underwriting decisions across complex delegated authority portfolios.

Some of your specific responsibilities could include:

Portfolio Underwriting and Risk Assessment

• Evaluate delegated authority portfolios across multiple lines of business, including property, casualty, and specialty
• Analyze exposure data, historical performance, and loss trends to assess portfolio quality and performance
• Assess underwriting strategy, controls, and consistency within each program
• Evaluate business at both individual program and broader portfolio levels

Deal Evaluation and Structuring

• Support evaluation and structuring of delegated authority and program business opportunities
• Assess participation strategies, underwriting considerations, and portfolio fit
• Partner with actuarial and modeling teams to evaluate pricing adequacy and expected performance
• Provide underwriting recommendations aligned with risk appetite and profitability objectives

Stakeholder Engagement

• Work with brokers, program administrators, MGAs, and underwriting teams to assess opportunities
• Participate in deal discussions and negotiations
• Collaborate across underwriting, actuarial, finance, claims, operations, and governance teams

What You’ll Bring to the Role

• 5–10+ years of underwriting, delegated authority, program, or portfolio management experience across multiple lines of business
• Strong analytical and portfolio management skills with the ability to evaluate business performance and volatility trends
• Experience working with delegated authority structures, program business, or complex multi-line portfolios
• Strong underwriting judgment and commercial acumen
• Ability to influence and collaborate with internal and external stakeholders
• Ability to utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making.

The annualized base pay range for this role is $97,739 to $147,652 for O’Fallon, MO, $ 107,913 - $163,096 for Chicago & Alpharetta and $124,609 - $188,330 for New York. 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.

99690 | Underwriting | Professional | Non-Executive | 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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