Underwriter Financial Lines (m/f/d)

Allianz Elementar Versicherungs-Aktiengesellschaft

We are looking for an Underwriter for Financial Lines, based in Vienna.

Your Team

Our Financial Lines underwriting team handles risk analysis and assessment, drafts contract terms, prepares offers, and implements insurance solutions for internationally active corporate and industrial companies. Our products focus in particular on D&O manager liability insurance. We work in constant, direct contact with our clients and their advisors. As a team, we stand for trust, honesty, competence, and support - and we take concrete responsibility for the work we deliver.

The Impact You Will Have

As an Underwriter of Financial Lines, you will play a key role in expanding Allianz Commercial's Financial Lines business in Austria, with a primary focus on Directors & Officers (D&O) insurance. You will develop and implement underwriting strategies that ensure profitable growth and high-quality service delivery. By analysing risks, crafting tailored solutions, and fostering strong client and broker relationships, you will contribute to our market leadership in the Central Europe Region. Your expertise will directly shape the future of our Financial Lines portfolio in a dynamic and rewarding environment.

Some of your specific responsibilities could include

Underwrite new and renewal Financial Lines business, including D&O, with a focus on profitability and adherence to underwriting guidelines.
Negotiate pricing, terms, and conditions to secure competitive and profitable deals with clients and brokers.
Develop and maintain strong relationships with clients and brokers, providing excellent service and acting as a trusted point of contact.
Ensure accurate and timely policy documentation and file maintenance.
Conduct risk assessments and make informed underwriting decisions based on thorough analysis of client financials, industry trends, and exposure data.
Monitor market trends and regulatory changes in the Austrian and Central European Financial Lines market to adjust strategies as needed.
Collaborate with internal teams - including Claims, Legal, and Actuarial - to support comprehensive risk evaluation.
Contribute to your own professional growth through training and ongoing development to stay current on industry practices and product innovations.

What You’ll Bring to the Role

A degree in Law, Economics, or a related field.
Proven ability to build and maintain strong relationships with clients and brokers.
Knowledge of insurance products and policy wordings, particularly in Financial Lines is beneficial but not mandatory.
Ability to develop and implement underwriting strategies independently, even at a non-managerial level.
Excellent analytical and problem-solving abilities.
High level of accuracy and attention to detail in documentation and risk assessment.
Strong understanding of accounting principles and practices.
Flexibility to adapt to market changes and evolving business needs.
A collaborative team mindset with the ability to work effectively across departments.
Strong oral and written communication skills in both German (C1) and English (C1).
Proficiency in MS Office and other relevant software tools.
A working understanding of AI tools and their potential applications in underwriting workflows, such as data analysis, risk modelling, or process automation, is an advantage.

Further Information

Starting date: immediately I Working hours: 38.5 hours per week | Location: Vienna
Annual gross salary: from EUR 67.000 - depending on qualifications there is a willingness to overpay

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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