Senior Underwriter Construction (m/f) at Allianz Global Corporate & Specialty SE

Madrid, Community of Madrid, Spain -

Full Time

Start Date

Immediate

Expiry Date

03 Jan, 26

Salary

0.0

Posted On

05 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Negotiation, Risk Assessment, Catastrophe Modeling, Client Relationship Management, Analytical Skills, Communication Skills, Portfolio Management, Insurance Market Knowledge, Legal Framework Understanding, Natural Hazards Assessment, Team Leadership, Policy Administration, Credit Control, AI Integration, Engineering Knowledge

Industry

Financial Services

Description

We are looking for a Senior Underwriter Construction, based in Madrid. Your Team Allianz Commercial specializes in providing comprehensive and customized insurance services and solutions for clients across the entire construction industry. As industrial specialists, we have a long-standing tradition of supporting our clients with their construction risks, both in the Spanish market and in global risk insurance placements, on a lead and follow basis. Allianz Commercial’s highly experienced underwriters have a proven track record of finding flexible solutions to the challenges brokers and their clients face. We have expert global construction insurance teams, backed by Allianz Commercial’s market-leading capacity and our ability to underwrite risks in over 200 countries and territories. Our underwriters are also able to deploy significant capacity on a global scale. The Impact You Will Have Reporting to the Team Leader of Construction, you will underwrite profitable new and renewal business to meet the regional targets of the Construction Line of Business (LoB), in accordance with underwriting guidelines and underwriting authority. You will negotiate terms and conditions and take ownership of your own key accounts/clients as well as develop and maintain strong relationships with our broking and client partners in co-ordination with our distribution / client relationship team. Some of your specific responsibilities will include: Underwrite new business and renewal accounts to meet top and bottom-line targets in line with Underwriting Guidelines. Negotiate participation, pricing, terms and conditions with brokers. Proactively manage regional portfolio capacity. Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of nat cat scenarios. Underwrite in line with LoB governance framework – e.g. underwriting authorities, global underwriting guidelines, rules and principles. Ensure contract certainty is achieved on all accounts at time of inception. Ensure utilization of global pricing tools. Contribute to development and execution of regional Underwriting strategy for the Line of Business (LoB) and support key business initiatives. Maintain and generate new client and broker relationships. Contribute to internal key projects. Ensure file is established and maintained for each risk and transaction. Assist with the learning and development of more junior team members. Proactively support completion of policy administration and credit control processes. Positively represent Allianz Commercial externally to the market. What You’ll Bring to the Role Preferably a degree in Engineering, Finance, Insurance, Risk Management, Economics or other appropriate discipline. A minimum of 5 years’ proven track record in underwriting profitable engineering lines and construction business. In depth understanding of LoB products and portfolio. Specialized understanding of regional/local LoB insurance markets and competitor landscape. Demonstrable, established relationships with brokers at peer group level and well-established within the market. Good understanding of legal and regulatory framework. Ability to assess risk inherent exposures and natural hazards relevant to LoB. Ability to design, develop and implement consistent and robust wordings. Ability to manage portfolio and analyze trends and loss scenarios. Excellent analytical skills to analyze highly complex data, from multiple sources. Excellent communication skills with the ability to persuade and motivate others. Ability to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals. Fluent English and Spanish language. 81992 | Underwriting | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent

Responsibilities

You will underwrite profitable new and renewal business to meet regional targets and negotiate terms and conditions with brokers. Additionally, you will maintain strong relationships with clients and contribute to the development of the regional underwriting strategy.