Job Description

Let’s care for tomorrow.

Your ambitionsYour dreamsYour 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 Working Student (m/f/d) Underwriting Natural Resources Europe with a focus on Renewable Energies, based in Munich (Unterföhring).

Your Team

Our team is committed to insuring some of the world’s most exciting and impactful projects. We focus on major investments such as wind and solar construction projects and the operation of power plants, including renewable energy assets. By providing tailored insurance solutions, we help protect these large-scale investments and enable their success. Working with diverse industries and innovative technologies, our team supports the transition to a more sustainable and energy efficient future.

The Impact You Will Have

In this role, you will take on a central supporting function within the European Natural Resources Underwriting team. You will contribute to a wide range of tasks including data analysis, documentation, and broker/client communication. Your work will play an essential part in helping us achieve our business goals and maintain strong relationships with brokers and clients.

In particular, you will support the rollout, improvement, and establishment of a new product across different regions. Your technical and data science skills will be critical in further developing and streamlining this product to enhance efficiency and productivity.

You will have the opportunity to learn and grow in a supportive environment where your ideas and dedication are valued.

Some of your specific responsibilities could include

• Support the implementation and development of a new product within the Renewable Energy area across different regions.

• Perform administrative tasks and enter data into internal underwriting and sales system as part of the general Underwriting process

• Work closely with internal and external stakeholders across different regions and teams

• Assist Underwriters on their daily tasks (including contacting brokers, managing documents and updating systems, using internal rating and assessment tools to support risk classification, modeling risks using pricing tools, contributing to due dilligence activities)

• Assist in preparing statistics of portfolios and analyse performance

• Support in improving processes and helpcreate new (AI-driven) tools

What You’ll Bring to the Role

• You are currently enrolled in a Bachelor’s or Master’s program in a relevant field such as Business Administration, Economics, Finance, Engineering, Data Science, Renewable Energy, or a related discipline.

• You are resourceful, self-driven, and eager to take ownership of tasks and initiatives.

• A solid understanding of financial concepts, with initial exposure to areas such as risk assessment, economics, finance, or project evaluation, is an advantage.

• Proficiency in Excel, Power BI, or other analytics tools is essential. Familiarity with Python, R, SQL, or data visualization techniques is a plus.

• You are comfortable using AI-assisted tools and digital solutions to enhance productivity and efficiency and are open to learning and integrating new technologies into your day-to-day work.

• You take initiative, follow through on responsibilities, and actively seek opportunities to contribute to team success.

• You can communicate clearly and effectively, both verbally and in writing, and are confident interacting with internal and external stakeholders across various channels.

• You have a genuine interest in renewable energy, natural resources, and (re)insurance, and you’re always looking to deepen your knowledge and understanding.

• You can break down complex problems, interpret data, and provide insights to support underwriting decisions.

• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.

• Fluency in both English AND GERMAN is required.

Further Information

• Duration at least 6 months (preferably longer).

• Working hours: 20 hours/week.

• Enrollment at the university/school is a pre-requisite for the duration of employment.

96762 | Underwriting | Student | Allianz Commercial | Part-Time | Temporary

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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