Senior Underwriter Construction (m / f)

Overview Senior Underwriter Construction (m / f) – Based in Madrid

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.

Allianz Commercial specializes in providing comprehensive and customized insurance services and solutions for clients across the entire construction industry. As industrial specialists, we support our clients with their construction risks, both in the Spanish market and in global risk insurance placements, on a lead and follow basis.

Allianz Commercial’s underwriters have a proven track record of finding flexible solutions for brokers and their clients. We operate with expert global construction insurance teams, backed by market-leading capacity and the ability to underwrite risks in over 200 countries and territories.

The impact you will have : you will underwrite profitable new and renewal business to meet regional targets of the Construction Line of Business (LoB), in accordance with underwriting guidelines and authority. You will negotiate terms and conditions, take ownership of key accounts / clients, and develop and maintain strong relationships with broking and client partners in coordination with our distribution / client relationship team.

This role reports to the Team Leader of Construction.

Responsibilities Underwrite new business and renewal accounts to meet top and bottom-line targets in line with Underwriting Guidelines.

Negotiate participation, pricing, terms and conditions with brokers. Proactively manage regional portfolio capacity.

Underwrite and evaluate Natural Catastrophe Accumulation, ensuring understanding of catastrophe modeling and natcat scenarios.

Underwrite in line with LoB governance framework – including underwriting authorities, global guidelines, rules and principles.

Ensure contract certainty is achieved on all accounts at inception.

Utilize global pricing tools.

Contribute to the development and execution of regional underwriting strategy for the LoB and support key business initiatives.

Maintain and generate new client and broker relationships.

Contribute to internal key projects and ensure files are established and maintained for each risk and transaction.

Assist with the learning and development of more junior team members.

Support policy administration and credit control processes.

Represent Allianz Commercial positively to the market.

What You’ll Bring to the Role Preferably a degree in Engineering, Finance, Insurance, Risk Management, Economics or related discipline.

A minimum of 5 years’ proven track record in underwriting profitable engineering lines and construction business; strong understanding of LoB products and portfolio.

Specialized understanding of regional / local LoB insurance markets and competitor landscape.

Established relationships with brokers at peer group level and well-established presence in the market.

Good understanding of legal and regulatory framework.

Ability to assess inherent risk exposures and natural hazards relevant to LoB.

Ability to design, develop and implement robust wordings.

Ability to manage portfolio and analyze trends and loss scenarios.

Excellent analytical skills to analyze complex data from multiple sources.

Excellent communication skills with the ability to persuade and motivate others.

Ability to integrate AI-driven insights into work to optimize outcomes.

Fluent English and Spanish.

81992 | Underwriting | Professional | Non-Executive | 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 belongs. We offer a hybrid working model and flexible working arrangements can be discussed.

Let’s care for your financial wellbeing

We offer a 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, lifelong learning is fostered.

Let’s care for life’s twists and turns

We provide support for flexible working, health and wellbeing (including private healthcare and parental leave) and career break support with experience that nothing else can teach. We’ve got your back.

Let’s care for our society and our planet

We are engaged in shaping a future that is safe, inclusive and sustainable, caring for the tomorrows of our people, industry and 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 brands and industries, and we cover unique risks such as offshore wind farms, infrastructure projects and film productions.

Learn more about careers at Allianz Commercial by visiting our site.

At Allianz, we stand for unity and equal opportunities for all. We welcome applications regardless of ethnicity, age, gender, nationality, religion, disability or sexual orientation, or any other protected characteristic under local laws.

Join us. Let’s care for tomorrow.

Recruitment Agencies : Allianz Commercial does not accept unsolicited resumes. Only candidates submitted through our in-house process will be considered.

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