ART Executive Underwriter (m/f/d)

Strategic Leadership in Alternative Risk Transfer

Join the Alternative Risk Transfer (ART) line of business within Allianz Commercial, a division dedicated to transacting in innovative, tailored structured insurance, captive reinsurance, and other non-traditional risk management solutions. We specialize in helping large corporate clients globally mitigate their most complex risks through bespoke multi-year and multi-line agreements. By leveraging deep expertise in alternative risk transfer and the global capabilities of the Allianz Group, we provide sophisticated risk consulting and multinational services for a wide range of industries, including top consumer brands, financial institutions, aviation, shipping, and unique risks such as offshore wind farms and infrastructure projects.

The Impact You Will Have

You will implement the global strategy for ART in the EMEA markets, taking full responsibility for the underwriting results of your transaction portfolio, including market management and underwriting excellence. Your role involves identifying and developing cross-sell opportunities with Allianz Commercial while designing innovative and complex solutions in a competitive environment. Looking ahead, you will play a key part in driving the continued expansion of ART in EMEA, ensuring profitable growth with sophisticated corporate clients and fostering active collaboration with other Allianz Commercial Lines of Business.

Key Responsibilities

• Global Sub-LoB Underwriting Execution:
  • Develop and execute the global ART strategy for EMEA in underwriting and business development.
  • Drive profitable growth by identifying market opportunities and new client segments.
  • Close key transactions with target clients.
  • Develop and implement strategic global market management tools.
• Product / Service Development:
  • Lead new product developments for select market opportunities in ART.
  • Interface into Allianz Group products, leveraging the strong Allianz brand.
• Relationship Management:
  • Represent ART internally within AGCS and the Allianz Group, and externally to the market from a Senior Underwriting perspective.
  • Proactively build long-term relationships with key client and broker contacts.
  • Interact with other functions, particularly Underwriting, Legal, Claims, and Deal Services.
• Market Insight and Reporting:
  • Develop and maintain current and comprehensive client and industry segment insight.
  • Deliver relevant market and competitor insight to the business.
  • Develop, implement, and broadcast operational measurements, KPIs, and SLAs to measure, steer, and improve business globally and locally.

What You Will Bring to the Role

• Strong strategic underwriting skills in the structured underwriting space, including segmentation, client differentiation, and value proposition development.
• Minimum 5-7 years of underwriting experience in a specialty area.
• Proven ability to develop markets and clients.
• In-depth knowledge of large corporate risks and structured risk insurance, with a strong understanding of market dynamics and customer needs.
• Experience in implementing best practice in sales distribution and channel management.
• Ability to develop innovative solutions and communicate strategies in a fast-changing environment.
• Skilled at building and influencing key stakeholders across locations and functions.
• Excellent written and verbal English communication skills, with strong negotiation ability at senior levels.
• Transactional expertise in structuring and executing complex structured insurance transactions.
• Entrepreneurial mindset with a track record of positively impacting strategy and results.
• University degree or professional designation in Actuarial, Insurance, Underwriting, Finance, or Legal.
• Expertise in integrating AI into various business functions, enhancing efficiency, and fostering a culture of data-driven innovation.

Compensation and Benefits

For Germany, the base salary range for this position is between EUR 87,000 and EUR 116,000 (for a full-time role). For Austria, the base salary range for this position is between EUR 84,000 and EUR 111,000 (for a full-time role). The specific salary offered considers the requirements, scope, complexity, and responsibilities of the role, as well as the applicant's own profile, including education, qualifications, expertise, specialization, skills, and experience. The annualized amount represents a market range and will also be determined by the location of the role. In situations where candidates do not meet all job requirements or significantly exceed them, the offered salary may be below or above the advertised range. In addition to base salary, an attractive performance-based variable component is offered based on location-specific regulations, and candidates may be eligible for additional benefits.

Life at Allianz Commercial

We are committed to nurturing an inclusive environment where everyone feels they belong. Our culture is grounded in integrity, fairness, inclusion, and trust, and we welcome applications regardless of ethnicity, cultural background, age, gender, nationality, religion, social class, disability, or sexual orientation.

• Hybrid Working Model: We recognize the value of striking a balance between in-person collaboration and remote working, with flexible working arrangements available for discussion.
• Financial Wellbeing: We reward performance with a great compensation and benefits package, including a generous bonus scheme and pension, with details varying by location.
• Career Progression: From career development and digital learning programs to international career mobility, we offer lifelong learning and an environment where innovation, delivery, and empowerment are fostered.
• Support for Life’s Twists and Turns: We provide support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), and help people return from career breaks.
• Social and Environmental Responsibility: We offer opportunities to be engaged in shaping a future that is safe, inclusive, and sustainable, caring for the tomorrows of our people, our industry, and our clients.

Allianz Commercial is the center of expertise of the Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. We help customers prepare for what’s ahead by providing a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting, and seamless claims handling.