Senior Underwriter - Property (m/f/d)

Job description

We are looking for an Underwriter – Property (m/f/d), based in Cologne 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 | Non-Executive | Allianz Commercial | Full-Time | Permanent