Senior Underwriter, Natural Resources – Madrid, Spain We are looking for a Senior Underwriter for our Natural Resources line based in Madrid (Spain).
Responsibilities Underwrite large new and renewal accounts to meet top and bottom-line targets
Work with an existing and support growth of a Conventional & Green Energy Operational Power Generation portfolio
Grow a profitable construction of Green Energy Power Generation portfolio, supporting clients with their Energy Transition
Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity
Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
Ensure contract certainty is achieved on all accounts at time of inception
Contribute to development and execution of global Underwriting strategy for LoB regionally
Train, develop and coach less experienced staff (including Underwriters)
Positively represent Allianz Commercial externally to the market with key brokers / distribution channels
Proactively drive involvement of functional areas in Underwriting process
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders
What You'll Bring To The Role Preferably a degree in Economics, Engineering, or other appropriate discipline
Significant experience in Underwriting profitable business in the Natural Resources or Engineering market. Specialized expert understanding of Conventional & Green Energy Operational Power Generation and construction of Green Energy power generation
Recognized relationships with brokers at peer group level and well established within market
Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global element
Good understanding of legal and regulatory framework
Ability to assess risk inherent exposures and natural hazards relevant to LoB
Design, develop and implement consistent, robust wordings
Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire
Ability to persuade and motivate others to act, without executive authority
Fluent English and Spanish
Experience in applying AI and ML to improve business processes and decision-making is highly beneficial
What's in it for you? We offer a hybrid working model, flexible working arrangements; a generous compensation and benefits package including a bonus scheme and pension; opportunities for career development and international mobility; health and wellbeing benefits including private healthcare and parental leave; support for career breaks; and involvement in shaping a future that is safe, inclusive and sustainable.
Equal Opportunity Allianz is an equal opportunity employer, and welcomes applications regardless of race, ethnicity, age, gender, nationality, religion, disability, sexual orientation or any other characteristics protected under applicable laws. Diversity of thinking is an important part of our culture.
Note Recruitment Agencies: Allianz Commercial has an in-house recruitment team and does not accept unsolicited resumes from agencies. 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 follow a PSL; please do not contact managers directly.
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