Senior Underwriter - Property; m​/f​/d

Overview

Senior Underwriter - Property (m / f / d)

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

Whether it’s aircraft, international business, offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses. We are looking for an Underwriter – Property (m / f / d), based in Cologne, Munich, or Frankfurt.

Allianz Commercial specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made ll Risks property damage and business interruption insurance through our global network.

Our experience speaks for itself, ensuring the majority of Global Fortune 500 companies, managing over 1000 global property insurance programs, and fielding an underwriting team averaging over 20 years of experience, backing up a worldwide team of risk consultants and claims specialists.

Reporting to the Underwriting Team Leader, you will facilitate the success of both new and renewed business initiatives, ensuring alignment with Line of Business (LoB) targets. This involves skillfully negotiating participation, pricing, and terms and conditions to optimize profitability. The ownership and management of client accounts are integral components, emphasizing the need to cultivate and sustain robust relationships with both brokers and clients.

Overall, the position requires a comprehensive approach to underwriting, encompassing strategic negotiations and ongoing relationship development to foster business growth and meet established objectives.

• Underwrite new and renewal accounts to meet financial targets.
• Negotiate terms and conditions, pricing, and participation with brokers.
• Proactively manage capacity and evaluate Natural Catastrophe Accumulation.
• Adhere to the Line of Business (LoB) governance framework and guidelines.
• Ensure contract certainty and utilize global pricing tools.
• Facilitate placing and binding of FAC Reinsurance.
• Support policy administration, credit control, and acquisition / retention efforts.

• 3 to 5 years of previous property experience, can be from insurer or broker.
• Knowledgeable about legal and regulatory frameworks.
• Experience working in a complex, global matrix organization.
• Demonstrated influencing skills without executive authority.
• Strong analytical skills for absorbing and examining data in detail, drawing appropriate conclusions.
• Fluency in English and German is essential.

Note:

This role is based in Cologne, Munich, or Frankfurt with Allianz Commercial.

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,…