Portfolio Steering and CAT Risk Analyst - Marine

Portfolio Steering And Cat Risk Analyst

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.

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.

Reporting to the Global Product Leader - Cargo, this position will identify and quantify global Marine Nat Cat 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 Nat Cat 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 Nat Cat 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 Nat Cat 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…