Senior Property CAT Risk Analyst - Property

If you are a current AzC employee and wish to refer a candidate for this role, please click here for instructions and eligibility criteria   

Cluster:  Allianz Professional

Let’s care for tomorrow.  

Your ambitions.  Your dreams.  Your tomorrow  

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group.  Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, AzC has the major risks covered when it comes to protecting businesses.

We are looking for a Senior Property CAT Risk Analyst to help our underwriters with transactions, translate and understand complex CAT models, client facing, accumulation steering .  This is a hybrid position that requires some in-office working days and can be based in one of the following offices: Chicago, Illinois; New York City; or Alpharetta, Georgia.  

Your Team  

Allianz Commercial (AzC) 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 'All Risks' property damage and business interruption insurance through our global network.

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

When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!

The Impact You Will Have  

Reporting to the Regional Head of Property, this position will identify and quantify major accumulation risks (modelled and non-modelled nat cat risks) to assist in the establishment of the appropriate risk mitigation and control mechanisms for Property. The Senior Analyst role requires application of solid catastrophe modelling techniques, principles and understanding to meet team objectives and the ability to guide others in these activities. The Senior Analyst will work closely with the Product Leaders in the Region to enhance the Nat Cat Underwriting Strategy and Controls and has responsibility to develop tools which aid the Underwriting process so that Underwriters can identify the exposure for the individual risk and assess how a risk contributes to the overall portfolio and capacity steering, incl. risk visualization. Ensure tools tie in with the Authority grid and Functional Rule to support adherence. Close cooperation with the AzC Nat Cat Management team and CFO risk management to ensure Property is aligned with the overall Nat Cat and accumulation control strategy and that Property values are correctly reported and reflected. Support pricing and model development to ensure risks and values are appropriately reflected.

Some of your specific responsibilities could include:  

• Develop Nat Cat Underwriting tools and reports specific for Property 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 Property global loss potential - including portfolio analyses, CAT limit monitoring (AZ Group and AzC internal limits), supporting global business steering and providing input to ensure adequate Reinsurance protection. Cooperate closely with the Product Leaders and Regional Underwriting specialists. Support the definition of the risk appetite and capacity steering.
• For ad-hoc data and reporting as well as project related tasks: Ability to define scope, agree on timeframes and execute deliverables with internal and external clients with minimal additional guidance. Ability to lead / mentor others in global loss modelling activities and related analyses including use of in-depth knowledge of model methodology and function to explain, validate modelled loss output.
• Collaboration with the Property community and other relevant functions (Actuarial, Risk Management, Reinsurance, Nat Cat Capacity Steering Desk - ARC, Claims, etc.) to support business steering and portfolio management and Data Quality improvements with minimal guidance.
• Provide on the spot consultancy and translate or explain CAT Modeling results and reports to Property Underwriters, Communication and explanation of portfolio impact. Evaluate and make recommendations to ensure Property specific requirements and exposures are most appropriately reflected and cater for the special nature of Property. Training & education of the Property Underwriting community with minimal guidance.
• Drive innovation and change through managing the evaluation process relating to modelling upgrades as well as developing and enhancing Property specific tools. All upgrade and change activities include technical and portfolio impact analyses and complete documentations.

What You’ll Bring to the Role –  

• A minimum 5 years’ professional insurance and/or reinsurance experience. Understanding of underwriting practice for Property business on a global basis. Project Management experience.
• Understanding of property insurance products such as large commercial property risks, manufacturing, real estate, retail, public entity, and healthcare facilities.
• A bachelor’s degree preferably in Geosciences, Engineering or Mathematics.
• Technical Skills: Catastrophe Modeling Software (RMS, AIR, EQECAT). GIS (Geographical Information Systems) applications. PC software such as Microsoft Excel, Access and SQL.
• 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 annualized base pay range for this role is $91,827 to $157,491. 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 (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.  Learn more about us by clicking here.  

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic.  Diversity of thinking is an important part of our company culture.  

Recruitment Agencies:   
AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly.  

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