Senior Underwriter Construction & Natural Resources

Allianz; København; Hybrid; DKK 637,000 - 850,000; Full time

Benefits offered by this job

Hybrid working model

Bonus scheme

Pension

Job summary

Allianz is seeking a Senior Underwriter for Construction & Natural Resources in the Nordics, based in Copenhagen or Stockholm. You will lead underwriting efforts, build broker networks and shape the local proposition while partnering with cross-functional teams.

You will apply strong analytical, negotiation and relationship skills to drive profitable growth across Nordic markets with a hybrid working model.

Qualifications

• University degree in Business, Finance, Economics, Engineering, Risk Management, Insurance or related discipline.
• Significant underwriting experience in Construction and/or Natural Resources for large corporate clients.
• Strong technical underwriting skills and experience assessing complex risks.

Responsibilities

• Underwrite and manage a portfolio of Construction and Natural Resources risks following underwriting guidelines.
• Evaluate complex projects, determine pricing, terms, conditions and coverage structures.
• Develop broker and client relationships across the Nordic region.
• Identify new business opportunities while maintaining disciplined underwriting standards.
• Monitor portfolio performance, market trends and emerging risks.
• Collaborate with Risk Consulting, Claims, Multinational and Distribution teams to provide solutions.
• Support strategic initiatives to strengthen Allianz Commercial's position.

Skills

Underwriting

Broker relationships

Analytical thinking

Stakeholder management

International collaboration

Commercial mindset

AI/ML in underwriting

Education

Business, Finance, Economics, Engineering, Risk Management or Insurance degree

Tools

AI/ML tools

Data analysis tools

Job description

We are looking for a Senior Underwriter Construction & Natural Resources, based in Copenhagen, Denmark or Stockholm, Sweden.

Your Team

You will join the Nordic underwriting team within Allianz Commercial's Regional Unit EMEA business. The team plays a key role in supporting Allianz Commercial's growth ambitions across the Nordic markets, delivering tailored insurance solutions to large corporate and specialty clients operating in increasingly complex risk environments.

Working closely with colleagues across Underwriting, Distribution, Risk Consulting, Claims and Multinational teams, you will contribute to building and strengthening Allianz Commercial's position in the Construction & Natural Resources specialty segment. The role offers extensive exposure to regional and international stakeholders while working in a highly collaborative and client-focused environment.

The Impact You Will Have

Reporting into the Regional Unit EMEA leadership structure, the Senior Underwriter Construction & Natural Resources will be instrumental in establishing and expanding Allianz Commercial's presence in the Nordic Construction and Natural Resources markets. As the first Construction & Natural Resources Underwriter based in the Nordics, you will have a unique opportunity to help shape the local proposition, build the portfolio from the ground up and play a pivotal role in the ongoing Nordics Growth Journey. You will be responsible for developing profitable portfolios, building strong broker and client relationships, and supporting long-term growth objectives within strategically important specialty lines. This role offers significant visibility across the region and the opportunity to influence underwriting strategy, portfolio performance, and market development initiatives.

Some of your specific responsibilities could include

• You will underwrite and manage a portfolio of Construction and Natural Resources risks in line with Allianz Commercial underwriting guidelines, risk appetite and profitability objectives.

• You will evaluate complex construction projects and associated exposures, determining appropriate pricing, terms, conditions and coverage structures.

• You will develop and maintain strong relationships with brokers, clients and key market partners across the Nordic region.

• You will contribute to portfolio growth by identifying new business opportunities while maintaining disciplined underwriting standards.

• You will monitor portfolio performance, market trends and emerging risks, taking proactive actions to optimize results.

• You will collaborate with Risk Consulting, Claims, Multinational and Distribution teams to provide comprehensive solutions to clients.

• You will support strategic initiatives aimed at strengthening Allianz Commercial's position within the Construction specialty market.

• You will ensure compliance with internal governance standards, regulatory requirements and underwriting authorities.

What You'll Bring to the Role

• You have a university degree in Business, Finance, Economics, Engineering, Risk Management, Insurance or a related discipline, or equivalent professional experience.

• You have significant experience in Construction and/or Natural Resources underwriting, specialty underwriting or commercial insurance for large corporate clients.

• You have strong technical underwriting skills and experience assessing complex risks and negotiating coverage solutions.

• You have proven experience managing broker and client relationships within the Nordic insurance market.

• You have strong analytical and decision-making capabilities, with the ability to balance growth and profitability objectives.

• You have excellent communication, stakeholder management and negotiation skills.

• You have the ability to work effectively in an international and matrix-based organization.

• You demonstrate a commercial mindset and a proactive approach to business development.

• You have experience applying artificial intelligence, data analysis or automation tools to support underwriting decisions and portfolio insights, while maintaining ethical and responsible business practices.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

Further Information

For Denmark, the base salary range for this position is between DKK 783,000 and DKK 1,043,000 (for a full-time role). The specific salary offered considers:

• the requirements, scope, complexity and responsibilities of the role,

• the applicant's own profile including education/qualifications, expertise, specialization, skills and experience.

The annualized amount represents a market range and will also be determined by the location of the role. In the situation where you do not meet all the job requirements or you significantly exceed these, the offered salary may be below or above the advertised range. In addition to your base salary, we offer an attractive performance-based variable component based on location specific regulations, and you may be eligible for additional benefits.

For Sweden, the base salary range for this position is between SEK 952,000 and SEK 1,270,000 (for a full-time role). The specific salary offered considers:

• the requirements, scope, complexity and responsibilities of the role,

• the applicant's own profile including education/qualifications, expertise, specialization, skills and experience.

The annualized amount represents a market range and will also be determined by the location of the role. In the situation where you do not meet all the job requirements or you significantly exceed these, the offered salary may be below or above the advertised range. In addition to your base salary, we offer an attractive performance-based variable component based on location specific regulations, and you may be eligible for additional benefits.

What's in it for you?

Lets 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.

Lets 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.

Lets 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.

Lets 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.

Lets 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.

We therefore welcome applications regardless of 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.

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 [e-mail]

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 recruiters. 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.