Senior Underwriter in Natural Resources at Allianz Global Corporate & Specialty SE

Madrid, Community of Madrid, Spain -

Full Time

Start Date

Immediate

Expiry Date

17 Jan, 26

Salary

0.0

Posted On

20 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Natural Resources, Green Energy, Operational Power Generation, Negotiation, Risk Assessment, Data Analysis, Customer Centricity, Team Leadership, Broker Relationships, Legal Framework, Capacity Management, Contract Certainty, Training, Coaching, Artificial Intelligence, Machine Learning

Industry

Financial Services

Description

We are looking for a Senior Underwriter for our Natural Resources line based in Madrid (Spain). Your Team Our seasoned team takes ownership of top key accounts and clients, skilfully navigating through complex negotiations to ensure optimal participation, pricing, and terms and conditions. You will work in a team of highly experienced and motivated Underwriters with a great team spirit. The team is always open to support and learn from each other. The Impact You Will Have Reporting to the Team Leader of Natural Resources in Spain, you will join the team as a Senior Underwriter, who will aim to make profitable new and renewal business to meet Line of Business (LoB) targets regionally including global elements. We are looking for someone who is passionate about driving and developing a customer centric culture at Allianz Commercial and loves to work in a global matrix organization. In return you will join and develop your career within a supportive, market leading team with huge growth ambitions. Some of your specific responsibilities could include: • Underwrite large new and renewal accounts to meet top and bottom-line targets • Work with an existing and support growth of a Conventional & Green Energy Operational Power Generation portfolio. • Grow a profitable construction of Green Energy Power Generation portfolio, supporting clients with their Energy Transition. • Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity. • Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles. • Ensure contract certainty is achieved on all accounts at time of inception. • Contribute to development and execution of global Underwriting strategy for LoB regionally. • Training, developing and coaching of less experienced staff (including Underwriters). • Positively represent Allianz Commercial externally to the market with key brokers / distribution channels. • Proactively drive involvement of functional areas in Underwriting process, including e.g. Distribution, ARC, Claims, Operations. • Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers). What You’ll Bring to the Role • Preferably a degree in Economics, Engineering, or other appropriate discipline. • Significant experience in Underwriting profitable business in the Natural Resources or Engineering market. Specialized expert understanding of Conventional & Green Energy Operational Power Generation and construction of Green Energy power generation. • Recognized relationships with brokers at peer group level and well established within market. • Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global element. • Good understanding of legal and regulatory framework. • Ability to assess risk inherent exposures and natural hazards relevant to LoB. • Design, develop and implement consistent, robust wordings. • Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire. • Ability to persuade and motivate others to act, without executive authority. • Fluent English and Spanish language. • Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial. 78928 | Underwriting | Professional | PG11 | Allianz Commercial | Full-Time | Permanent

Responsibilities

As a Senior Underwriter, you will underwrite large new and renewal accounts to meet business targets while managing a portfolio focused on Conventional and Green Energy. You will also negotiate terms with brokers and ensure contract certainty for all accounts.