Senior Facultative Reinsurance Underwriter (m/f/d)

Allianz Global Corporate & Specialty
  • Job Purpose/ Role

    We are looking for a Senior Facultative Reinsurance Underwriter (m/w/d) to join CFO – CAT Management & Reinsurance at Allianz Global Corporate & Specialty (AGCS) in Munich.~crlf~ ~crlf~As a Senior Facultative Reinsurance Underwriter, you will carry out new ways of managing and coordinating the facultative reinsurance purchasing within AGCS. You will support the development of metrics and processes that allow an evaluation of each facultative contract which is purchased by AGCS, including the understanding of the natural peril exposure within each contract. You will be reporting to the Global Head of Non-Treaty Reinsurance.

  • Key Responsibilities

    In this role you will…~crlf~##Oversee projects to improve the data collection of the facultative purchasing within AGCS; Analyze the resulting data and make strategic recommendations as to how the fac purchasing within AGCS can be improved and optimized; Oversee the implementation of any such recommendations agreed by the AGCS Board; Work with CUO Line of Business Heads together in order to create a proper understanding of exposure and support the purchase of appropriate coverage for individual and portfolio type risks~crlf~##Analyze and evaluate the CAT risk transferred to third parties through fac reinsurance and make recommendations to optimize this purchasing~crlf~##Liaise with relevant stakeholders (e.g. Risk Management, Actuarial, Claims) with respect to fac placements~crlf~##Achieve best terms and conditions in fac reinsurance placements and where appropriate develop innovative reinsurance solutions responding to the goals and objectives of AGCS~crlf~##Secure contract certainty and alignment of reinsurance conditions with underlying business; Ensure complete and compliant facultative reinsurance cessions

  • Key Requirements/ Skills

    You have the following skills and experiences: ~crlf~##University degree in Mathematics, Finance, Business administration or another area that involves a strong focus on quantitative analysis~crlf~##Ideally relevant professional insurance qualification~crlf~##5 – 7 years of significant experience in an industrial Underwriting or Reinsurance management position, with deep understanding of reinsurance practice ~crlf~##Expert knowledge of reinsurance instruments, underlying business and Actuarial/Risk Capital requirements~crlf~##Technical and practical background in one industrial insurance Line of Business (LoB), general understanding of all major LoBs and a robust understanding of actuarial principles and practices~crlf~##Proven experience of working in an international environment~crlf~##Advanced contract drafting and interpretation skills~crlf~##Ability to manage the Reinsurance portfolio, monitor appropriate investments and allocate funds accordingly; analyze trends and scenario plans~crlf~##Pricing: Ability to analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance~crlf~##Risk Reward, Underwriting and Actuarial: Ability to evaluate risk reward effects of reinsurance, e.g. impact on P&L and capital position of company~crlf~##Very good communication and presentation skills with an ability to positively influence key strategic stakeholders~crlf~##Good analytical skills~crlf~##Fluency in German and English (verbal and written)

  • Additional Information

    AGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs

  • About Allianz

    Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

    Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

    Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor's and A+ by A.M. Best.~crlf~~crlf~AGCS promotes an individual work-life balance for example the possibilit y of working part-time. Provided that the job with its respective basic conditions is suitable for this, all positions advertised on a full-time basis can also be filled on a part-time basis.~crlf~~crlf~If you are currently exempted from statutory pension obligations under section 6 (1) sentence 1 no. 1 SGB VI, please take a look at the important and binding notes in the HR lexicon under: Money / Social Security / Annuity Insurance / Pension Insurance exemption.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~

Job Purpose/ Role

We are looking for a Senior Facultative Reinsurance Underwriter (m/w/d) to join CFO – CAT Management & Reinsurance at Allianz Global Corporate & Specialty (AGCS) in Munich.~crlf~ ~crlf~As a Senior Facultative Reinsurance Underwriter, you will carry out new ways of managing and coordinating the facultative reinsurance purchasing within AGCS. You will support the development of metrics and processes that allow an evaluation of each facultative contract which is purchased by AGCS, including the understanding of the natural peril exposure within each contract. You will be reporting to the Global Head of Non-Treaty Reinsurance.

Key Responsibilities

In this role you will…~crlf~##Oversee projects to improve the data collection of the facultative purchasing within AGCS; Analyze the resulting data and make strategic recommendations as to how the fac purchasing within AGCS can be improved and optimized; Oversee the implementation of any such recommendations agreed by the AGCS Board; Work with CUO Line of Business Heads together in order to create a proper understanding of exposure and support the purchase of appropriate coverage for individual and portfolio type risks~crlf~##Analyze and evaluate the CAT risk transferred to third parties through fac reinsurance and make recommendations to optimize this purchasing~crlf~##Liaise with relevant stakeholders (e.g. Risk Management, Actuarial, Claims) with respect to fac placements~crlf~##Achieve best terms and conditions in fac reinsurance placements and where appropriate develop innovative reinsurance solutions responding to the goals and objectives of AGCS~crlf~##Secure contract certainty and alignment of reinsurance conditions with underlying business; Ensure complete and compliant facultative reinsurance cessions

Key Requirements/ Skills

You have the following skills and experiences: ~crlf~##University degree in Mathematics, Finance, Business administration or another area that involves a strong focus on quantitative analysis~crlf~##Ideally relevant professional insurance qualification~crlf~##5 – 7 years of significant experience in an industrial Underwriting or Reinsurance management position, with deep understanding of reinsurance practice ~crlf~##Expert knowledge of reinsurance instruments, underlying business and Actuarial/Risk Capital requirements~crlf~##Technical and practical background in one industrial insurance Line of Business (LoB), general understanding of all major LoBs and a robust understanding of actuarial principles and practices~crlf~##Proven experience of working in an international environment~crlf~##Advanced contract drafting and interpretation skills~crlf~##Ability to manage the Reinsurance portfolio, monitor appropriate investments and allocate funds accordingly; analyze trends and scenario plans~crlf~##Pricing: Ability to analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance~crlf~##Risk Reward, Underwriting and Actuarial: Ability to evaluate risk reward effects of reinsurance, e.g. impact on P&L and capital position of company~crlf~##Very good communication and presentation skills with an ability to positively influence key strategic stakeholders~crlf~##Good analytical skills~crlf~##Fluency in German and English (verbal and written)

Additional Information

AGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs

About Allianz

Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor's and A+ by A.M. Best.~crlf~~crlf~AGCS promotes an individual work-life balance for example the possibilit y of working part-time. Provided that the job with its respective basic conditions is suitable for this, all positions advertised on a full-time basis can also be filled on a part-time basis.~crlf~~crlf~If you are currently exempted from statutory pension obligations under section 6 (1) sentence 1 no. 1 SGB VI, please take a look at the important and binding notes in the HR lexicon under: Money / Social Security / Annuity Insurance / Pension Insurance exemption.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~


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