Job Description

We are looking for a Senior Underwriter (m/f) Financial Institutions, Regional Unit London, based in London.



Your Team

At Allianz Commercial we specialise in offering Financial Lines insurance for the most complex and challenging exposures. With a focus on larger global risk portfolios and major national risks, we offer tailor made Financial Institutions (FI) insurance through our global network.



The Impact You Will Have

Reporting to the Head of FI, UK you will work closely with clients and brokers to develop personalised solutions as well as developing new relationships. You will be responsible for underwriting profitable new and renewal business to meet Financial Institutions targets regionally including global elements. Your responsibilities will also include negotiating participation, pricing and terms& conditions, supporting the acquisition of new business and retaining existing business.

Some of your specific responsibilities could include:

Underwrite new and renewal accounts to meet top and bottom line targets. Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity. Underwrite in line with Line of Business governance framework -e.g. Underwriting Authorities, global MSU and Underwriting Guidelines. Ensure contract certainty is achieved on all accounts at time of inception. Ensure utilisation of global pricing tools. Ensure accurate policy documentation issued to broker (where Allianz Commercial responsibilityto do so) or broker has issued documentation (where broker responsibility). Maintain files for each risk and transaction handled. Proactively support completion of policy administration and credit control processes. Positively represent Allianz Commercial externally to the market. Proactively drive involvement of functional areas in Underwriting process, includinge.g. MMC, Claims, Operations. Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers).

WhatYou'll Bring to the Role



Ideally CII qualified or equivalent or working towards it. At least 5 years' experience as an Underwriter, Broker or relevant equivalent in the Financial Institutions sector. Ability to assess risk inherent exposures relevant to the product. Ability to analyse current performance against benchmarks, applying how the market operates and functions, the business needs and customer needs. Ability to design, develop and implement consistent, robust wordings. Solid understanding of the policy administration life cycle, information collection, policy issuance, premium bookings, credit control& cancellation. Excellent communication skills and ability to create relationships with a wide range of people. Ability to persuade and motivate others to act. Excellent analytical skills. Ability to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals.

77630 | Underwriting | Professional | Allianz Commercial | Full Time or Part 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 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 clickinghere.



Learn more about Allianz Commercial by clickinghere.



Allianz is an equal opportunity employer, and therefore welcomes applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other characteristics protected under applicable local laws and regulations. Diversity of thinking is an important part of our culture.

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 emailagcsglobalcareers@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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