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Expert Reinsurance Claims (m/f/d) at Allianz SE Reinsurance Munich or Dublin

Job Level:  Professional
Location: 

München, DE, 80802

Available until:  10/05/2022
Area of Expertise:  Reinsurance
Unit:  Allianz Reinsurance
Employing Entity:  Allianz SE
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  13485

Job Purpose/ Role
Allianz Re acts as Allianz Group's portfolio manager with Claims playing a key strategic role across the four main focus pillars. Claims not only reviews and manages inwards exposure from Group Operating Entities but also Third Party clients. A further key priority is the support of the Retrocession Team in the collection, analysis, and positioning of data towards claims presented to Group covers placed. Claims also provides portfolio reporting to support multiple internal stakeholders, mainly across Finance and Underwriting communities.

 

Your role will include:

  • To actively handle and drive solution orientated activity on individual losses, loss complexes / events, and at a portfolio level.
  • Provide coverage analysis, advice and claims ´learnings´ feedback to stakeholders (principally Client Management, Underwriting, and Finance) across AZ Re.
  • For strategically supported business segments to guide and support OE´s with efficient, leveraged technical advice and experience to enable upper quartile claims service to underlying clients.
  • The role requires pro-active information sharing and expectation management of all concerned parties in the claims process.
  • The role also includes a fair amount of project management specifically related to supporting strategic business initiatives and portfolio management operating metrics.
  • To identify, prepare, and carry out claims review targets on both OE and external cedant accounts with the focus on knowledge sharing, relationship building, and building portfolio awareness (technical and operational) to feed back into the Underwriting review process.
  • To support change through collaboration in order to respond to fast changing business requirements; and to strengthen collaboration across Allianz entities.        


Key responsibilities:

  • Active Claims handling through analysis, communication, and giving directions, i.e. management of claims with a significant impact to AZ Re (either due to complexity, strategic relevance, or value)
  • Actively support clients in technical analysis (coverage & legal liability), reserving, and resolution strategy leveraging best practice experience
  • Active contributor to the monitoring of industry circumstances, events, and themes to provide intelligent, consultative feedback on scale and value at risk to internal stakeholders
  • Manage claims of selected portfolios autonomously
  • Experience in project management and on-site reviews 
  • Support for Best Practice standards for claims management and CAT scenarios (natural and man-made events)
  • Support in targeting Group Subrogation opportunities and other avenues of recovery or minimizing claims indemnity spend  
  • Support for development of portfolio steering tools and scorecards for responsible claims portfolio         

 

Qualification:

  • Law degree or similar professional background (insurance industry accreditation)
  • 5-10 years experience in claims management with a (re)insurance carrier
  • English fluency; good knowledge of German and additional languages are a plus        

        
Experience & Key skills    

  • Good knowledge of (re)insurance principles, types of coverage, and programme construction
  • Good knowledge in claims handling strategy including management of external service providers (engineers / adjusters / lawyers) and experience with litigation / mediation / alternative dispute resolution
  • Good (working) understanding of wordings, exclusions and conditions 
  • Good understanding of P&C lines of business – Advantage would be additional experience of one specialty LoB (eg Credit and Bond)
  • Good (working) understanding of Microsoft Office (XL, PP etc.)

 

Should this role be located in Dublin it will be a “Controlled Function” under the Central Bank of Ireland’s Fitness & Probity Standards. There would be an on-going need for the role holder to meet the requirements as set out in the Standards. Additionally the role would subject to the Central Bank of Ireland’s Minimum Competency Code to the extent that 15 hours CPD be completed by the role holder annually, unless they hold a recognised qualification, the ongoing maintenance of which depends on the completion of CPD.

 

Additional Information

Please provide your salary expectation as part of your application.    

 

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. 

 

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.


Great to have you on board. Let's care for tomorrow.


Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.