We are seeking an experienced and detail-oriented Extended Warranty Underwriter with 4-5 years of industry experience to join our underwriting team. In this role, you will be responsible for evaluating and underwriting extended warranty products, ensuring they align with company guidelines and risk appetite while supporting business growth and profitability.
You'll be responsible for:
- Assess and analyze extended warranty applications, evaluating risk factors, and determining appropriate coverage, terms, and pricing.
- Develop and maintain underwriting guidelines and policies to ensure consistency and compliance with regulatory standards.
- Collaborate with sales and marketing teams to design warranty programs that meet customer needs and align with company objectives.
- Monitor the performance of existing warranty products, analyzing loss ratios, claims data, and market trends to adjust underwriting strategies as necessary.
- Provide User Requirements and conduct UAT to ensure system rollout is correct
- Issuance of policy and supporting branch in any policy issuance matters
- Stay current with industry developments, emerging risks, and regulatory changes to ensure the company remains competitive and compliant.
- Bachelor’s degree in finance, Business, Insurance, or a related field.
- 4-5 years of experience in underwriting, preferably within the extended warranty or insurance industry.
- Strong analytical skills with a thorough understanding of risk assessment and pricing methodologies.
- Proficiency in underwriting software and tools, as well as Microsoft Office Suite.
- Excellent decision-making and problem-solving abilities, with a keen attention to detail.
- Strong communication skills, both written and verbal, with the ability to explain complex concepts clearly.
- Professional certifications (e.g., CMII) are highly desirable.
- Experience working with automotive, electronics, or appliance extended warranty products.
- Knowledge of regulatory requirements and industry best practices related to extended warranties
- Familiarity with using ChatGPT for automating routine tasks and enhancing productivity
Disclaimer: Thank you for your interest in joining our team. Due to the high volume of applications we receive, we are unable to provide individual feedback to every applicant. If you do not hear from us within 14 days of submitting your application, please assume that you have not been selected for this position.
Important: All updates regarding your application status will be communicated via email. Please ensure you frequently check your email for updates and further instructions
Note: Allianz will not accept any forward unsolicited resumes from any source to our employees email other than directly from a candidate. We will not be responsible for any fees and charges impose