Portfolio Steering & CAT Risk Analyst, Marine

Allianz Commercial; New York (NY); Hybrid; USD 101,364 - 153,200; Full time

Benefits offered by this job

Hybrid working model

Bonus scheme

Pension

Job summary

Allianz Commercial is seeking a Portfolio Steering and CAT Risk Analyst for our Marine team, based in the London or New York City office. You will identify CAT accumulation exposures, modelled and non-modelled, to facilitate smarter risk mitigation and underwriting controls across Sub Lines.

You will develop and lead CAT underwriting tools and dashboards to support portfolio steering and pricing strategies.

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.
• Excellent communication skills and collaborative approach.

Responsibilities

• Develop CAT Underwriting tools and reports for Marine line to enable portfolio steering and support underwriting.
• Run catastrophe loss modelling reports and prepare data extracts and analyses for portfolio review and reinsurance planning.
• Collaborate with Product Leaders, Technical Office and Regional Underwriting to define risk appetite and capacity steering.
• Lead end-to-end IT/data initiatives, delivering reporting and transformation projects with Power BI dashboards that support Marine underwriting and portfolio strategy.
• Translate CAT Modeling results to Marine underwriters and provide training on CAT topics.
• Ensure Marine-specific requirements are reflected in pricing and model development.
• Engage with actuarial, risk management, reinsurance, and other functions to improve data quality and portfolio steering.

Skills

CAT risk management

Catastrophe modelling

CAT analytics

Excel

SQL

VBA

Power BI

Project management

Geosciences degree

Engineering degree

Mathematics degree

Insurance experience

Reinsurance experience

Education

Geosciences

Engineering

Mathematics

Tools

Power BI

CAT modelling tools

Job 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.

103865 | Underwriting | Professional | Allianz Commercial | Full‑Time | Permanent

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 centre 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.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

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.

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]