Let’s care for tomorrow. 

Your ambitions.  Your dreams.  Your tomorrow 

Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.   

We are looking for a Global MidCorp Property Underwriting Lead (m/f/d), based either in Munich (Germany) or London (UK). 

The Impact You Will Have

Reporting to the Global Head of Property MidCorp, you will define and implement underwriting strategy within the MidCorp segment with focus on definition of global underwriting framework, risk appetite, portfolio steering criteria and CAT exposure management. You will also support the underwriting of MidCorp property portfolios accross the regions promoting growth and profitability.  

Moreover, you will manage complex referrals from underwriters and spokes. You will also train, develop and coach experienced staff (including local senior underwriters). 

Some of your specific responsibilities could include: 

• Analyze portfolio performance to define risk appetite and Underwriting rules to be implemented to support business strategy. 

• Support different organizational entities with the implementation of the global strategy adapted to local conditions based on portfolio steering. 

• Contribute to define criteria to manage CAT exposure at global and local level. 

• Getting a close knowledge of market specifics at the organizational entity level interacting with key stakeholders internally (CUOs, Line Managers, RMD) and externally (brokers, reinsurers, etc.). 

• Frequent presence in the different markets to represent CUO office and monitor the implementation of global projects at the country level. 

• Close monitoring of P&L supporting organizational entities to define tactical actions to manage deviations and reaching planned objectives. 

• Make underwriting decisions aligned with Line of Business (LoB) Functional rules, underwriting authorities and global strategy in referrals received by central CUO office. 

• Interact with key stakeholders to align decisions with portfolio objectives. 

• Support Allianz Academies in existing training courses acting as facultee and developing and updating training materials. 

• Support the development of less experienced underwriters organizing specific trainings and being part of global development initiatives. 

What You’ll Bring to the Role 

• Degree in Engineering, Mathematics, Economics, Business administration, or other appropriate discipline. 

• At least 5 years’ experience underwriting Property business including multinational business. 

• Ideally you are CII qualified or equivalent or working towards it. 

• Proven experience in leading complex projects, ideally across international organizations. 

• Strong expertise in assessing risk inherent exposures and natural hazards. 

• Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements. 

• Ability to analyze current performance against benchmarks applying how the market operates and functions, the business and customer needs. 

• Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation. 

• Ability to negotiate effectively achieving the best outcome for your portfolio while maintaining positive business relationships with your clients and brokers. 

• You have recognized relationships with clients and brokers at peer group level and are well established within your reference market. 

• Good understanding of legal and regulatory framework. 

• Outstanding analytical skills with ability to analyze complex data / information from multiple sources. 

• Outstanding presentation skills and communication skills with the ability to persuade and motivate others to act, without executive authority. 

• Experience working in a complex, global matrix organization along with outstanding intercultural skills. 

• Fluent English skills, any other languages advantageous. 

68839 | Underwriting | Management | Allianz Commercial | Full-Time | Permanent

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 is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks.Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises.We also cover unique risks such as offshore wind farms, infrastructure projects and film productions.Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.Allianz Commercial helps customers to prepare for what's ahead. 

Learn more about careers at Allianz Commercial by clicking here. 

Learn more about Allianz Commercial 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 culture. 

People with disabilities: 
We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com 

Recruitment Agencies:  
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly.  Allianz Commercial 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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