Senior Underwriter (m/f/d) Engineering, Natural Resources

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c5a29b6a2b43

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Posted:

19.04.2025

Expiry Date:

03.06.2025

Job Description:

Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow

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 Senior Underwriter - Engineering, Natural Resources, based in Munich or Cologne.

Your Team
Our seasoned team takes ownership of top key accounts and clients, skillfully navigating through complex negotiations to ensure optimal participation, pricing, and terms and conditions. You will work in a team of highly experienced and motivated Underwriters with a great team spirit. The team is always open to support and learn from each other.

The Impact You Will Have
Reporting to the Chief Underwriter Natural Resources GER/SUI, you will join the team as a Senior Underwriter, who will aim to make profitable new and renewal business to meet Line of Business (LoB) targets regionally including global elements. We are looking for someone who is passionate about driving and developing a customer centric culture at Allianz Commercial and loves to work in a global matrix organization. In return you will join and develop your career within a supportive, market leading team with huge growth ambitions.

Some of your specific responsibilities could include:

• Underwrite large new and renewal accounts to meet top and bottom-line targets (regionally including global elements)
• Grow the Renewables portfolio and other technologies of the Energy Transition including e.g. modern efficient hydrogen ready combined cycle power plants and increase our presence in these changing markets
• Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity
• Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
• Ensure contract certainty is achieved on all accounts at time of inception
• Contribute to development and execution of regional Underwriting strategy for LoB regionally
• Training, developing and coaching of less experienced staff (including Underwriters)
• Positively represent Allianz Commercial externally to the market with key brokers / distribution channels
• Proactively drive involvement of functional areas in Underwriting process, including e.g. Distribution, ARC, Claims, Operations
• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)

What You’ll Bring to the Role

• Preferably a degree in Economics, Engineering, or other appropriate discipline
• Completion of professional insurance qualification (e.g. CII)
• Significant experience in Underwriting profitable business in the Natural Resources or Engineering market with specialized expert understanding of sub-LoB products and portfolio
• Recognized relationships with brokers at peer group level and well established within market
• Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global element
• Good understanding of legal and regulatory framework
• Ability to assess risk inherent exposures and natural hazards relevant to LoB
• Design, develop and implement consistent, robust wordings
• Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire
• Ability to persuade and motivate others to act, without executive authority
• Fluent German and English language skills

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 Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.

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 culture.