Portfolio Steering & CAT Risk Analyst, Marine

Allianz UK; Greater London; On-site; GBP 75,000 - 113,000; Full time

Benefits offered by this job

Hybrid working model

Generous bonus scheme

Pension

Job summary

Allianz Commercial in London operates Marine portfolio steering with catastrophe risk analytics to guide underwriting decisions and capital allocation. The role focuses on identifying CAT accumulation exposures, both modelled and non-modelled, and shaping the underwriting strategy for global Marine risk.

You will collaborate with Product Leaders, the Technical Office, and regional Underwriting to deliver data‑driven insights and maintain robust tools for risk assessment and reporting across our

Qualifications

• Experience in CAT risk management and catastrophe modelling.
• Experience in CAT analytics within a catastrophe modelling vendor, insurer, or reinsurer.
• Hands-on experience with CAT modelling tools.
• Strong analytical skills with Excel, VBA, SQL, or similar.

Responsibilities

• Develop CAT underwriting tools and reports for Marine to enable portfolio steering and support underwriting.
• Run catastrophe loss modelling reports and prepare data extracts and portfolio analyses.
• Collaborate with Product Leaders and Underwriting to define risk appetite and capacity steering.
• Lead end-to-end data and reporting IT projects, delivering Power BI dashboards for Marine underwriting and portfolio steering.
• Explain CAT modelling results to Marine underwriters and translate findings into action.

Skills

CAT risk management

Catastrophe modelling

Excel

VBA

SQL

Power BI

Data visualization

Communication

Education

Geosciences/Engineering/Mathematics degree

Tools

CAT modelling tools

Power BI dashboards

Job description

Description

We are looking for a Portfolio Steering and Cat Risk Analyst for our Marine team based in the London or New York City office.

The specific nature of Marine risks, including static and non-static exposures, requires management within a consistent global framework. Rapidly evolving exposures, risk mitigation approaches, tools, processes, and research demand continuous adaptation and up-to-date expertise. Detailed business monitoring and portfolio steering activities require sustained involvement and analytical focus. This role is vital to understanding exposure hotspots, market changes that affect a portfolio, and related trends/changes within the competitor landscape.

Your Team

Our team combines portfolio steering expertise with advanced catastrophe risk analytics to drive informed decision-making across our Marine line of business. We are responsible for strategic portfolio monitoring, natural catastrophe and terrorism portfolio modelling, accumulation management, data quality oversight, and reinsurance-related analytics. Using cutting‑edge tools and industry‑leading CAT modelling platforms, we collaborate closely with underwriters, actuaries, and reinsurance teams to ensure our Marine portfolio remains resilient, profitable, and well‑positioned for growth.

The Impact You Will Have

In this role, you will play a pivotal part in protecting our global Marine portfolio from natural catastrophe risk. You will identify and quantify CAT accumulation exposures — both modelled and non-modelled — across all relevant Sub Lines, directly enabling smarter risk mitigation and stronger underwriting controls. Applying your catastrophe modelling expertise, you will drive team objectives forward and guide colleagues in best practice. You will collaborate closely with Product Leaders, the CUO Technical Office, and Regional Marine Underwriting teams to shape and enhance our CAT underwriting strategy. Through maintaining and developing underwriting tools — including risk visualisation, capacity steering, and individual risk assessment capabilities — you will ensure our teams can make confident, data‑driven decisions within clear authority frameworks. Partnering with CAT Management and CFO Risk Management, you will ensure consistency with our overall accumulation strategy, accurate reporting of Marine values, and the appropriate reflection of risks in pricing and model development.

Some of your specific responsibilities could include

• Develop CAT Underwriting tools and reports specific for our Marine line of business both to enable portfolio steering and to support the underwriting process.
• Run Catastrophe loss modelling reports and prepare regular and ad‑hoc data extracts and reports including portfolio analyses, CAT limit monitoring, supporting global business steering and providing input to ensure adequate Reinsurance protection.
• Cooperate closely with the Product Leaders, Technical Office and Regional Underwriting specialists. Support the definition of the risk appetite and capacity steering.
• Serve as business owner for IT and data initiatives, leading end‑to‑end scoping, prioritisation, and delivery of reporting and transformation projects, ensuring solutions such as Power BI dashboards directly support Marine Underwriting and portfolio steering strategy while advancing the data platform landscape.
• Provide on the spot consultancy and translate or explain CAT Modeling results and reports to Marine underwriters.
• Evaluate and make recommendations to ensure Marine specific requirements and exposures are most appropriately reflected and cater for the special nature of Marine.
• Provide training and education of the Marine Underwriting community on CAT‑related topics.
• Collaborate with Underwriting and other relevant functions (Actuarial, Risk Management, Reinsurance, Global Accumulation and CAT Risk Management, ARC, Claims, etc.) to support business steering, portfolio management and data quality improvements.

What You’ll Bring to the Role

• Experience in CAT risk management and catastrophe modelling.
• Experience in CAT analytics within a catastrophe modelling vendor, insurer, or reinsurer.
• Hands‑on experience with CAT modelling tools.
• Excellent communication skills, strong attention to detail, and a collaborative team‑oriented approach.
• Ideally cat management experience in Insurance or Reinsurance
• Strong analytical skills with hands‑on experience in Excel, VBA, SQL, or similar.
• Project Management experience
• Degree preferably in Geosciences, Engineering or Mathematics
• Professional experience in insurance and/or reinsurance is preferred.
• A willingness to learn and explore how AI can enhance your role and the broader organization is expected.

The annualized base pay range for this role in New York is $101,364 to $153,200. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several 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.

External 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.

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.

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 [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.