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, 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.

AI technology may be used to assess applications for keywords and essential qualifications. However, all AI-filtered candidate information will be reviewed by an Allianz Commercial team member, as our AI processes are subject to human oversight.

We are looking for a Portfolio Solutions Specialist to join our Portfolio Solutions team. This role will support the operation, oversight, onboarding, and performance management of delegated authority portfolios, with a focus on index business and complex MGA relationships.

This will be a hybrid role situated either in our office in O’Fallon, MO, Alpharetta, GA OR Chicago, IL.

Your Team

Join our dynamic Portfolio Solutions team in North America, where we manage and oversee delegated authority portfolios across multiple lines of business. The team partners closely with underwriting, claims, compliance, finance, actuarial, operations, and external MGA partners to support onboarding, governance, portfolio monitoring, reporting, and operational excellence.

The Impact You Will Have:

The Portfolio Solutions Specialist supports the onboarding, ongoing management, and portfolio monitoring of highly complex delegated authority facilities and MGA relationships across North America.

This role requires strong project management and organizational capabilities, with responsibility for coordinating cross-functional activities across Underwriting, Compliance, Legal, Finance, Operations, Claims, Reinsurance, and external MGA partners. The Specialist will manage multiple workstreams, timelines, dependencies, and deliverables to ensure new facilities are successfully onboarded and existing portfolios are effectively governed and monitored.

The ideal candidate has a strong understanding of commercial insurance and underwriting fundamentals, delegated authority structures, and risk management, combined with the ability to drive complex initiatives forward through stakeholders who may not directly report to them.

Some of your specific responsibilities could include:

Complex Facility & MGA Onboarding

• Coordinate the end-to-end onboarding of complex delegated authority facilities and MGA relationships.
• Develop and manage project plans, timelines, milestones, dependencies, and outstanding actions.
• Coordinate activities across Underwriting, Compliance, Legal, Finance, Operations, Claims, Reinsurance, and other stakeholders.
• Proactively drive follow-ups and escalate risks, delays, or barriers that could impact successful implementation.
• Manage multiple facilities and competing priorities simultaneously while maintaining visibility into critical deadlines.

Portfolio Monitoring & Governance

• Support ongoing monitoring and governance of assigned delegated authority portfolios.
• Monitor portfolio performance, premium development, claims activity, exposures, authority utilization, and other key indicators.
• Partner with Underwriting to understand portfolio performance, underwriting considerations, and potential areas of risk.
• Identify emerging issues, trends, or deviations requiring further review and escalate appropriately.
• Support periodic portfolio reviews and leadership reporting.

Cross-Functional Project Management

• Serve as a central point of coordination for complex initiatives involving multiple internal and external stakeholders.
• Drive accountability for deliverables and timelines, including with stakeholders who do not directly report to Portfolio Solutions.
• Coordinate due diligence, compliance, governance, operational readiness, and other requirements throughout the lifecycle of a facility.
• Maintain clear documentation and reporting of project status, risks, decisions, and outstanding actions.

Operational Coordination

• Partner with Operations and other teams to support premium and claims booking, bordereaux processing, and reporting requirements.
• Coordinate resolution of data or operational issues impacting portfolio monitoring or reporting.
• Ensure operational requirements and dependencies are understood and incorporated into overall facility management.

What You'll Bring to the Role:

• 5+ years of commercial insurance experience, preferably involving delegated authority, programs, MGAs, underwriting operations, or portfolio management.
• Strong understanding of commercial underwriting fundamentals, risk assessment, and risk mitigation concepts; direct underwriting experience is beneficial but not required.
• Demonstrated project management experience coordinating complex initiatives across multiple functions.
• Strong understanding of MGA/carrier relationships and delegated authority structures.
• Ability to independently manage multiple workstreams, deadlines, and competing priorities.
• Strong stakeholder management skills with the confidence to drive action, follow up, challenge appropriately, and escalate when necessary.
• Experience with portfolio monitoring, performance reporting, and identifying emerging risks or issues.
• Strong analytical, organizational, and problem-solving capabilities.
• Ability to operate effectively in a fast-paced environment where priorities and requirements continue to evolve.
• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.

The annualized base pay range for this role is $78,909 - $ 119,255 for O’Fallon MO and $ 87,545 - $ 132,236 for Chicago, IL or Alpharetta, GA . 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.

106267 | 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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