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For Companies At a Glance
- Tasks: Underwrite mining accounts, negotiate terms, and manage client relationships.
- Company: Allianz, a leader in insurance with a focus on inclusivity.
- Benefits: Hybrid working, competitive salary, generous bonuses, and lifelong learning opportunities.
- Why this job: Make an impact in the mining sector while developing your career in a supportive environment.
- Qualifications: Experience in mining underwriting and strong communication skills required.
- Other info: Flexible working arrangements and commitment to social responsibility.
The predicted salary is between 48000 - 72000 £ per year.
We are looking for a Senior Underwriter within the Mining Sector (Natural Resources, Onshore Energy) based in London. This role will primarily focus on the Mining portfolio within the London Onshore Energy portfolio, however there will be an opportunity to underwrite other product lines (being Downstream Energy, Power and Renewables).
The Impact You Will Have
Reporting to the Regional Head of Onshore Energy, you will underwrite profitable new and renewal business to meet the business targets in Onshore Energy. You will also be negotiating participation, pricing and terms and conditions. You will take ownership of accounts and clients, as well as developing and maintaining relationships with existing and new brokers and clients.
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 exposure and capacity
- Underwrite and evaluate capacity aggregations including Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios
- Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
- Proactively liaise with Market Management & Distribution (MMC) on market management initiatives
- Positively represent Allianz Commercial externally to the market
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
- Training, developing and coaching of less experienced staff (including Junior Underwriters, Operations and Credit Control)
What You'll Bring To The Role
- Significant experience in underwriting profitable business in the Mining Sector.
- Recognized relationships with brokers at peer group level and well established within market.
- Good understanding of regional/local Mining insurance markets and competitor landscape, including global elements.
- Ability to assess risk inherent exposures and natural hazards relevant to the line of business.
- 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.
- Excellent understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
- Excellent communication skills and ability to create relationships and communicate clearly at all levels and with a wide range of people.
- Ability to influence and motivate others to act, without executive authority.
- Excellent analytical skills.
- You should be able to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals.
- Ideally ACII qualified or equivalent.
What's in it for 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.
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
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.
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.
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.
If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com.
Senior Underwriter - Mining within Natural Resources, Onshore Energy in London employer: Allianz Commercial
Contact Detail:
Allianz Commercial Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Mining within Natural Resources, Onshore Energy in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the mining and energy sectors. Attend industry events or webinars, and don’t be shy about introducing yourself to potential employers. Remember, it’s all about who you know!
✨Tip Number 2
Show off your expertise! Prepare a portfolio showcasing your previous underwriting successes, especially in the mining sector. This will help you stand out during interviews and demonstrate your value to potential employers.
✨Tip Number 3
Practice your negotiation skills! Since this role involves negotiating terms and conditions, consider role-playing scenarios with a friend or mentor. The more comfortable you are, the better you’ll perform when it counts.
✨Tip Number 4
Apply through our website! We’ve got loads of opportunities waiting for you. Plus, applying directly shows your enthusiasm and commitment to joining our team. Don’t miss out on your chance to shine!
We think you need these skills to ace Senior Underwriter - Mining within Natural Resources, Onshore Energy in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role in the Mining Sector. Highlight your relevant experience and skills that align with the job description, especially your underwriting expertise and relationships with brokers.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of your past successes in underwriting and how you can contribute to our Onshore Energy team. Keep it engaging and professional!
Showcase Your Analytical Skills: Since analytical skills are key for this position, make sure to include examples of how you've used these skills in previous roles. Whether it's assessing risks or negotiating terms, we want to see how you can bring value to our team.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you're keen on joining our team!
How to prepare for a job interview at Allianz Commercial
✨Know Your Mining Sector Inside Out
Make sure you brush up on the latest trends and challenges in the mining sector. Understand the key players, market dynamics, and any recent developments that could impact underwriting decisions. This knowledge will help you demonstrate your expertise and show that you're genuinely interested in the role.
✨Prepare for Negotiation Scenarios
Since negotiation is a big part of this role, practice how you would approach discussions around pricing and terms with brokers. Think about potential scenarios you might face and prepare your responses. Being able to articulate your thought process will impress your interviewers.
✨Showcase Your Relationship-Building Skills
Be ready to discuss how you've developed and maintained relationships with brokers and clients in the past. Share specific examples of how you've successfully navigated challenging situations or built rapport. This will highlight your interpersonal skills, which are crucial for this position.
✨Demonstrate Analytical Prowess
Prepare to talk about your analytical skills and how you've used them to assess risk and evaluate performance against benchmarks. Bring examples of how you've integrated data-driven insights into your decision-making process. This will show that you can think critically and make informed choices in underwriting.
