Portfolio Steering and CAT Risk Analyst - Marine

Allianz Commercial; Newark (NJ); Hybrid; USD 101,000 - 153,000; Full time

Job summary

Allianz Commercial is seeking a Portfolio Steering and CAT Risk Analyst for its Marine line, working from the New York City area on a hybrid basis. The role focuses on global NatCat accumulation, modelling and data-driven portfolio steering to ensure resilient underwriting.

You will collaborate with Product Leaders, Technical Office, and Underwriting teams to align strategy with risk controls and pricing. You will also maintain forecasting tools and dashboards, leverage CAT modelling software,

Qualifications

• Five years of insurance and/or reinsurance experience.
• Three years of underwriting experience for Marine on a global basis.
• Bachelor’s degree as specified.

Responsibilities

• Develop Nat Cat underwriting tools and reports for Marine portfolio steering.
• Run catastrophe loss modelling and data extracts for monitoring Marine loss potential.
• Maintain Marine portfolio steering and NatCat underwriting tools with ongoing support.

Skills

Project management

Catastrophe modelling

GIS

Excel/VBA

Communication

Education

Bachelor’s degree in Insurance and Risk Management, Geosciences, Engineering or Mathematics

Tools

RMS

AIR

EQECAT

Power BI

Job description

We are seeking a Portfolio Steering and CAT Risk Analyst for our Marine line of business. The specific nature of Marine risks, including static and non-static exposures (modelled and non-modelled 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. The current and future initiatives must be achieved. This role will work a hybrid schedule based in our New York City office.

Your Team

Allianz Commercial (AzC) is one of the largest marine insurers in the world. Our unparalleled depth and breadth of capabilities sets us apart in the industry and provides an unmatched level of expertise. Our comprehensive portfolio of customizable products means we can meet a wide range of coverage needs by providing innovative solutions. Our appetite for challenging projects knows no bounds, offering our clients a wide range of options.

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 such as Foundry 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. Our strength lies in combining years of technical experience with market-leading financial expertise. This enables us to underwrite the largest and most challenging projects, providing our clients with unparalleled protection and peace of mind.

The Impact You Will Have

Reporting to the Global Product Leader - Cargo, this position will identify and quantify global Marine NatCat accumulation risks, including modelled and non-modelled exposures across all relevant Sub Lines, to support effective risk mitigation and underwriting controls. Apply catastrophe modelling expertise to meet team objectives and guide others. Collaborate closely with Product Leaders, the CUO Technical Office, and Regional Marine Underwriting to enhance NatCat underwriting strategy and controls. Maintain underwriting tools that enable assessment of individual risk exposures, portfolio impacts, and capacity steering, including risk visualization, while ensuring alignment with authority frameworks. Partner with NatCat Management and CFO Risk Management to ensure consistency with overall accumulation strategy, accurate reporting of Marine values, and appropriate reflection of risks in pricing and model development.

Some of your specific responsibilities could include:

• Develop Nat Cat Underwriting tools and reports specific for Marine 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 for the monitoring of AzC Marine global loss potential - including portfolio analyses, CAT limit monitoring (AzC Group and AzC internal limits), 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, prioritization, 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; Communication and explanation of portfolio impact. Evaluate and make recommendations to ensure Marine specific requirements and exposures are most appropriately reflected and cater for the special nature of Marine. Training & education of the Marine Underwriting community with minimal guidance.
• Collaboration with the Marine community and other relevant functions (Actuarial, Risk Management, Reinsurance, Nat Cat Capacity Steering Desk - NCCSD, ARC, Claims, etc.) to support business steering and portfolio management and Data Quality improvements with minimal guidance.
• Maintain Marine Portfolio Steering and NatCat underwriting tools, providing ongoing support to the underwriting community
• Drive innovation and change through managing the evaluation process relating to modelling upgrades as well as developing and enhancing Marine specific tools. All upgrade and change activities include technical and portfolio impact analyses and complete documentations.

What You’ll Bring to the Role -

• Minimum 5 years’ professional insurance and/or reinsurance experience and a minimum 3 years’ understanding of underwriting practice for Marine business on a global basis.
• Bachelor’s degree preferably in Insurance and Risk Management, Geosciences, Engineering or Mathematics.
• Practical experience and familiarity with multiple vendor tools
• Project Management experience: Ability to manage projects (milestone and task planning, managing resources, project controlling, monitoring, and reporting, moderation techniques) and to develop solutions while considering complex stakeholder structures and requirements.
• Experience using Catastrophe Modeling Software (RMS, AIR, EQECAT) and GIS (Geographical Information Systems) applications.
• Strong computer skills, particularly Excel & VBA (knowledge in database applications is an advantage).
• Multi-task profile with focus on effective use of own resources and handling of competing priorities under tight deadlines
• Professional communication, technical depth and ability to communicate with required levels / functions internally and externally in a global environment.
• Ability to deliver results, develop talent and performance and drive innovation and change
• Lead oneself and others in-line with agreed organizational strategic orientation
• The ability to utilize AI tools to support day‑today tasks, improve efficiency, and contribute to data‑driven decision‑making is valuable. A willingness to learn and explore how AI can enhance your role and the broader organization is expected.

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.

The annualized base pay range for this role 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.

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.

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 [e-mail]