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- Tasks: Join our Canary Wharf team as a Senior Surety Underwriter, managing and analyzing Surety risks.
- Company: Allianz Trade is a global leader in trade credit insurance, present in over 50 countries.
- Benefits: Enjoy hybrid working, life assurance, health cash plans, and employee share incentives.
- Why this job: Be part of a diverse team, contribute to sustainable growth, and build valuable broker relationships.
- Qualifications: Market knowledge in Surety & Guarantee business and strong interpersonal skills are essential.
- Other info: We value diversity and encourage applicants from all backgrounds to apply.
The predicted salary is between 43200 - 72000 £ per year.
This job is brought to you by Jobs/Redefined, the UK’s leading over-50s age inclusive jobs board.
We are looking for a Senior Surety and Guarantee Underwriter in our Canary Wharf team.
The role:
A multi-faceted role requiring financial credit assessment, attention to detail with documentation, commercial relationship management and a broad understanding of macro/micro economic impactors for UK/IE corporates.
You will contribute to the achievement of profitable and sustainable growth within the framework of Allianz Trade Surety strategy, including underwriting duties through qualitative and quantitative analysis of Surety risks.
What you will do:
- Support the management and underwriting of the Surety & Guarantee portfolio in the UK and Ireland
- Identify opportunities to increase business, management of existing portfolio accounts and support broker relationships
- Review new business enquiries and onboard quality proposal
- Support the existing underwriting team with their workloads
- Build broker relationships and establish a presence in the market
- Develop a profitable portfolio of clients
Contribute to the on-going risk monitoring, including:
- Analyse accounts, whether transaction, mid-tier or large & sensitive risks
- Ensure up to date underwriting approvals are in place
- Undertake client meetings to propose appropriate risk strategy
- Prepare & review risk reports
- Contribute to portfolio risk reporting and dashboard development
- Participate in underwriting decisions in accordance with the Authority Matrix
What you will bring:
Market knowledge: Demonstrate understanding of Surety & Guarantee business including specific dynamics of business with emphasis on Risk Management. Ability to build networks with close contacts to market players and opinion leaders.
Business expertise: In-depth knowledge in understanding of contractual situations would assist. Demonstrate innovative thinking in proposal Risk solutions.
Interpersonal skills: Ability to interact with all levels, both internally & externally. Ability to convince stakeholders in negotiations.
What we offer:
- Life assurance
- Health cash plan
- Income Protection
- Hybrid working
- Employee Share Incentive Plan
- Various discounts on insurance through the Allianz Partnership
- And much more!
As part of our commitment to a transparent and efficient hiring process, we kindly ask you to share your current and expected compensation as part of your application. This information helps us ensure that the role aligns with your expectations and our budget from the outset. By providing these details, we can ensure that this opportunity suits your needs and expectations before progressing your application. Thank you for your understanding and cooperation.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
Allianz Trade is the trademark used to designate a range of services provided by Euler Hermes. We are the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Headquartered in Paris, we are present in more than 50 countries with 5,500 employees. In 2021, our global business transactions represented 931 billion Euro in exposure.
For more information, please visit or our social media LinkedIn Twitter Instagram @AllianzTrade
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Senior Surety Underwriter employer: Allianz
Contact Detail:
Allianz Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Surety Underwriter
✨Tip Number 1
Make sure to familiarize yourself with the specific dynamics of the Surety & Guarantee business. Understanding the nuances of risk management in this field will help you stand out during interviews.
✨Tip Number 2
Network with professionals in the industry, especially those who have experience in underwriting and broker relationships. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on macro and microeconomic factors affecting UK and Ireland corporates. Being able to discuss current market trends and their implications during your conversations will demonstrate your expertise.
✨Tip Number 4
Prepare to discuss your innovative thinking in risk solutions. Think of examples from your past experiences where you successfully proposed unique strategies that benefited your clients or company.
We think you need these skills to ace Senior Surety Underwriter
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Senior Surety Underwriter position. Understand the key responsibilities and required skills, such as financial credit assessment and relationship management.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in underwriting, risk management, and any relevant financial analysis. Use specific examples that demonstrate your ability to manage portfolios and build broker relationships.
Showcase Your Market Knowledge: Demonstrate your understanding of the Surety & Guarantee business in your application. Mention any relevant market knowledge or innovative risk solutions you have developed in previous roles.
Include Compensation Expectations: As requested in the job description, include your current and expected compensation in your application. This transparency will help align your expectations with the company's budget.
How to prepare for a job interview at Allianz
✨Showcase Your Financial Acumen
Be prepared to discuss your experience with financial credit assessments. Highlight specific examples where your analysis led to successful underwriting decisions, demonstrating your ability to evaluate Surety risks effectively.
✨Demonstrate Relationship Management Skills
Since the role involves managing broker relationships, come equipped with examples of how you've successfully built and maintained professional networks. Discuss any strategies you've used to enhance collaboration and communication with stakeholders.
✨Understand the Market Dynamics
Research the current trends in the Surety & Guarantee business, especially in the UK and Ireland. Be ready to discuss how macro and microeconomic factors impact the industry and how you can leverage this knowledge in your role.
✨Prepare for Risk Strategy Discussions
Anticipate questions about risk management strategies. Prepare to share your thoughts on innovative risk solutions and how you would approach client meetings to propose effective strategies tailored to their needs.
