Let’s care for tomorrow. 

Your ambitions.  Your dreams.  Your tomorrow 

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

We are looking for a Risk Manager (m/f/d), based in Munich. 

Your Team 

We are an international team of experts from various backgrounds (underwriting, risk management, actuarial, controlling) that focuses on the full universe of topics around underwriting risk & governance and reinsurance credit risk management. We enjoy cross-functional exchange across the different domains in the company. We embrace a modern style of working and the motivation of each and every member of the community is our key interest. We make mistakes to learn, speak our minds, and play to win! 

The Impact You Will Have

Reporting to the Head of Underwriting Risk and Governance, you will be responsible for managing and coordinating risk management and control activities. This includes managing underwriting risks, leading risk identification meetings, defining and prioritizing actions required to mitigate risks in close collaboration with the business, supporting the business in managing their risks. 

Being part of the Risk Management team offers great possibilities to contribute to the strategy of the company, balancing risks and performance and participating in projects that shape our company. 

Some of your specific responsibilities could include: 

• Ensure that underwriting and reinsurance credit risks are effectively managed in terms of identification, measurement and setting of an adequate risk appetite. 
• Interactions with the business, in particular the underwriting and technical functions, on risk steering topics including derivation of mitigation actions.  
• Actively be involved in driving a strong underwriting governance process 
• Drive regular enhancement of processes and addressing of new requirements (regulatory, Group-driven, markets, products etc.) 
• Provide input into strategic decision-making, e.g. Strategic Dialogue, Planning Dialogue, business cases. 
• Prepare standard and ad-hoc crisp and action-oriented management reports to the according business functions and to the top management.  

What You’ll Bring to the Role:

• Degree in Actuarial, Statistics, Mathematics, Economics, Finance or equivalent 
• About 5 years of professional experience in P&C Insurance or Reinsurance 
• About 3 to 5 years of experience in Risk Management  
• Solid understanding of reinsurance market and captive business  
• Excellent skills in handling qualitative and quantitative risk assessment 
• Knowledge of different credit risk mitigation techniques (e.g. different types of collateralization, security clauses) 
• Excellent communication and presentation skills 
• Outstanding analytical and problem solving skills 
• Solid project steering skills 
• Excellent inter-cultural skills with the ability to work in an international environment 
• Fluent English skills (in spoken and written)

46127 | Risk Management | Professional | 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 Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.   

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.  

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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