Senior Underwriter - Property (m/f/d) at Allianz Global Corporate & Specialty SE

Munich, Bavaria, Germany -

Full Time

Start Date

Immediate

Expiry Date

28 Dec, 25

Salary

0.0

Posted On

29 Sep, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Negotiation, Analytical Skills, Relationship Management, Property Insurance, Risk Assessment, Legal Knowledge, Regulatory Knowledge, Client Management, Capacity Management, Natural Catastrophe Evaluation, Contract Certainty, Policy Administration, Credit Control, Business Development, Fluency In English

Industry

Financial Services

Description

We are looking for an Underwriter – Property (m/f/d), based in Cologne, Munich, or Frankfurt. Your Team Allianz Commercial specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our global network. Our experience speaks for itself, ensuring the majority of Global Fortune 500 companies, managing over 1000 global property insurance programs, and fielding an underwriting team averaging over 20 years of experience, backing up a worldwide team of risk consultants and claims specialists. The Impact You Will Have Reporting to the Underwriting Team Leader, you will facilitate the success of both new and renewed business initiatives, ensuring alignment with Line of Business (LoB) targets. This involves skillfully negotiating participation, pricing, and terms and conditions to optimize profitability. The ownership and management of client accounts are integral components, emphasizing the need to cultivate and sustain robust relationships with both brokers and clients. Overall, the position requires a comprehensive approach to underwriting, encompassing strategic negotiations and ongoing relationship development to foster business growth and meet established objectives. Some of your specific responsibilities could include: Underwrite new and renewal accounts to meet financial targets. Negotiate terms and conditions, pricing, and participation with brokers. Proactively manage capacity and evaluate Natural Catastrophe Accumulation Adhere to the Line of Business (LoB) governance framework and guidelines. Ensure contract certainty and utilize global pricing tools. Facilitate placing and binding of FAC Reinsurance. Support policy administration, credit control, and acquisition/retention efforts. What You’ll Bring to the Role 3 to 5 years of previous property experience, can be from insurer or broker. Knowledgeable about legal and regulatory frameworks. Experience working in a complex, global matrix organization. Demonstrated influencing skills without executive authority. Strong analytical skills for absorbing and examining data in detail, drawing appropriate conclusions. Fluency in English and German is essential 79122 | Underwriting | 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 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. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. Join us. Let's care for tomorrow. 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. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid #LI-LP1 #LI-Hybrid

Responsibilities

You will underwrite new and renewal accounts to meet financial targets while negotiating terms and conditions with brokers. Additionally, you will manage client accounts and cultivate relationships to support business growth.