Head of Underwriting Construction MidCorp (m/f/d)
München, DE, 81737 Unterföhring (bei München), DE, 85774 London, GB, EC3V 0HR
Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow
Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.
We are looking for a Head of Underwriting Construction MidCorp (m/f/d), based in Munich or London.
Your Team
Allianz Commercial specializes in providing comprehensive and customized insurance and inspection products, services and solutions for companies in the engineering and construction industries. Our experienced risk consulting, claims and underwriting teams have a wealth of technical excellence in managing engineering and construction risks around the world. Our solutions are flexible and tailored to meet the unique needs of each client and the region in which they operate.
The Impact You Will Have
Reporting to the Global Head of Construction at Allianz Commercial, you will be responsible for the management, portfolio steering and growth of the Construction Midcorp business. In conjunction with each local entity you will develop and execute Construction Underwriting strategy, and steer the Construction portfolio.
Some of your specific responsibilities could include:
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Establish and maintain a robust Underwriting and approval process to ensure a rigorous and efficient system for assessing and approving transactions and steering of Underwriting Construction MidCorp.
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Develop and execute Underwriting strategy, segmentation and risk appetite for Construction MidCorp identifying market opportunities, target segments and clients.
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Act as a key decision-maker in transaction approvals, utilizing your expertise and understanding of the guidelines and principles set forth in the Underwriting Governance framework to make informed decisions that align with the risk appetite of Construction MidCorp.
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In alignment with our Integrated Commercial strategy, recommend new and revised products and programs, underwriting standards and procedures, and provide guidance on pricing within the regions. Drive development and implementation of pricing tools.
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Provide training and support to underwriters, fostering a culture of continuous learning and development.
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Steer and control the Construction MidCorp portfolio to achieve financial targets and collaborate with Regional MDs and Line of Business heads to optimise transaction activity.
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Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary).
What You’ll Bring to the Role
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Proven technical expert in Construction business, with significant experience in the international insurance market.
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Technical Construction knowledge as well as knowledge of the insurance industry, intermediary operations, insurance laws and general business operations and comprehensive technical knowledge of Construction products, coverages, underwriting practices, pricing processes and sales distribution channels.
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Portfolio Management experience.
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Substantial experience and successful track record in Underwriting process design and improvement.
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In depth understanding of global and local insurance markets and competitor landscape.
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Proven track record in interacting and providing direction to multi-discipline teams (underwriting, pricing, legal, claims, business analysis). Ability to manage international project teams effectively to successful conclusion, without direct managerial authority.
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Experience working in complex, global matrix organization and excellent intercultural skills.
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Ability to develop, implement and communicate strategies to address important trends or changes in the business.
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Expertise in integrating AI into various business functions, enhancing efficiency, and fostering a culture of data-driven innovation.
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Excellent influencing, communication and interpersonal skills.
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Fluent English skills
79806 | Underwriting | Management | Allianz Commercial | Full Time or Part 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
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