At a Glance
- Tasks: Underwrite construction risks and manage renewal portfolios for profitable growth.
- Company: Join Allianz Commercial, a leader in inclusive insurance solutions.
- Benefits: Flexible working, competitive salary, and extensive career development opportunities.
- Other info: Hybrid working model and commitment to diversity and inclusion.
- Why this job: Make an impact in a dynamic role with a focus on innovation and growth.
- Qualifications: Experience in construction underwriting and strong communication skills required.
The predicted salary is between 60000 - 75000 £ per year.
This is an exciting opportunity to join our expert-led Allianz Commercial team as a Construction Underwriter, playing a key role in delivering profitable growth across both new and existing business.
You will support the development of a world-class, multi-niche Insurance & Engineering offering, contributing to ambitious regional growth targets.
Location: This role is based in our London office, please note that this is a hybrid working role with the expectation that you attend the office 2-3 days per week.
Salary Information Pay: Circa £50,000 per year. Pay is based on relevant experience, skills for the role, and location. Salary is only one part of our total reward package.
About You- Underwrite construction risks across both new and existing business to meet growth and profitability targets
- Manage renewal portfolios, ensuring strong retention and customer outcomes
- Assess and price risk in line with Allianz appetite and underwriting strategy
- Build and maintain strong broker and client relationships through regular engagement
- Negotiate terms, conditions, and pricing with brokers to secure sustainable business
- Proactively identify and develop new business opportunities within the market
- Contribute to regional underwriting strategy and key business initiatives
- Collaborate with internal stakeholders including Claims, Operations, and Risk teams
- Represent Allianz positively in the market, attending broker and client meetings
- Proven experience in construction underwriting, including casualty/liability covers
- Strong ability to underwrite both new and renewal business effectively
- Confident communicator, comfortable engaging with brokers and negotiating outcomes
- Analytical mindset with the ability to assess complex risks and market conditions
- Commercial awareness with a focus on profitable growth and retention
- Self-motivated team player with the ability to support and mentor others
- Experience handling or exposure to slip business
- Proactive and driven with a strong focus on personal and professional development
- Ability to take initiative and contribute positively within a team environment
- Responsible Artificial Intelligence usage
Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from - so you can pick a package that's perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That's on top of enjoying all the benefits you'd expect from the world's number one insurance brand, including:
- Flexible buy/sell holiday options
- Hybrid working
- Annual performance related bonus
- Contributory pension scheme
- Development days
- A discount up to 50% on a range of insurance products including car, home and pet
- Retail discounts
- Volunteering days
Do you need flexibility with the hours you work? Let us know as part of your application and if it's right for our customers, our business and for you, then we'll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.
Integrity, Fairness, Inclusion & TrustAt Allianz, we believe in fostering an inclusive workforce and are proud to be an equal opportunity employer. Our commitment to equal opportunities, gender equity, and balanced gender representation, is demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community's Race at Work Charter signatories, and Armed Forces Covenant gold standard employer.
We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success. We encourage our employees to advocate for their needs, whether it's assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.
Accessible Application for AllAs part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role. Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.
For any inquiries or to submit your application, please contact: Matthew Mckevitt. If you are an at-risk candidate facing potential redeployment, please include this information in your CV.
Closing date TBC. We reserve the right to close the advert early if we reach enough applications.
Join us - Let's Care for Tomorrow.
Construction Underwriter employer: Allianz Commercial
Allianz Commercial is an exceptional employer that prioritises inclusivity and employee well-being, offering a hybrid working model that promotes work-life balance. With a strong focus on professional development, employees benefit from flexible working options, comprehensive training programmes, and a supportive culture that encourages personal growth. Located in London, Allianz provides a dynamic environment where you can thrive while contributing to meaningful projects in the insurance sector.
Contact Details:
Allianz Commercial Recruitment Team
Hr-recruitment@allianz.co.uk
StudySmarter Expert Advice🤫
We think this is how you could land Construction Underwriter
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Allianz Commercial). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Allianz Commercial. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Construction Underwriter
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Allianz Commercial.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Allianz Commercial. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Allianz Commercial
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Allianz Commercial to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Allianz Commercial, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Allianz Commercial's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.