Underwriting Manager - General Aviation in London

Underwriting Manager - General Aviation in London

London Full-Time 60000 - 75000 £ / year (est.) Home office (partial)
Allianz Commercial

At a Glance

  • Tasks: Lead a team to underwrite profitable aviation business and manage key client accounts.
  • Company: Join Allianz, a global leader in insurance with a commitment to inclusivity.
  • Benefits: Enjoy hybrid working, competitive pay, bonuses, and lifelong learning opportunities.
  • Other info: Flexible working arrangements and a supportive environment for career growth.
  • Why this job: Make an impact in the aviation industry while developing your leadership skills.
  • Qualifications: Strong underwriting experience in aviation and proven leadership abilities required.

The predicted salary is between 60000 - 75000 £ per year.

We are looking for an Underwriting Manager, General Aviation, based in London.

The Impact You Will Have

  • Lead and manage a team to underwrite profitable new and renewal business, meeting Line of Business (LoB) targets at regional and/or global level.
  • Accountable for the negotiation of participation, pricing, and terms and conditions for clients, with ultimate ownership and responsibility for key accounts within the team.
  • Develop and maintain strong relationships with brokers, clients, and key stakeholders while driving the training, development, and performance of the underwriting team.

Team Management & Leadership

  • Manage and lead a team of Underwriters.
  • Delegate tasks effectively to achieve overall team results and LoB objectives.
  • Manage and supervise team client accounts, acting as the point of referral and/or escalation for complex issues.
  • Manage cost centre budget within plan.
  • Drive the training, development, and career progression of team members.

Underwriting Strategy & Leadership

  • Contribute to the development and execution of the regional underwriting strategy for the relevant LoB.
  • Manage referrals from underwriters and spokes, re‑underwriting complex business as appropriate.
  • Where applicable, take responsibility for a particular sub‑LoB or specialist area within the regional team, acting as a "champion" for all related matters.

Underwrite Profitable Business

  • Underwrite large new and renewal accounts to meet top‑line and bottom‑line targets (regional and/or global).
  • Negotiate participation, pricing, and terms and conditions with brokers; proactively manage capacity.
  • Underwrite and evaluate Natural Catastrophe Accumulation, demonstrating a strong understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs).
  • Underwrite International Insurance Programmes (for relevant LoBs).
  • Maintain deep specialisation in a particular area of expertise.

Underwriting Approach & Compliance

  • Underwrite in accordance with the LoB governance framework, including Underwriting Authorities, Global Minimum Standards of Underwriting (MSU), Underwriting Guidelines, Rules, and Principles.
  • Ensure contract certainty is achieved on all accounts at the point of inception.
  • Ensure consistent utilisation of global pricing tools.
  • Ensure placing and binding of Facultative Reinsurance prior to policy inception.

Market Management

  • Proactively support the acquisition of new business and retention of existing business, including client and broker negotiations where necessary.
  • Proactively liaise on market management initiatives and campaigns.

Relationship Management

  • Positively represent AGCS externally to the market, upholding the company's reputation and brand.
  • Proactively drive the involvement of functional areas in the underwriting process, including Distribution, Allianz Risk Consulting (ARC), Claims, and Operations.
  • Develop and maintain strong relationships with key brokers, clients, and other relevant stakeholders (e.g., risk managers, cedants).

What You’ll Bring To The Role

  • Proven, strong experience in underwriting of profitable Aviation business.
  • Expert knowledge of and well established in the General Aviation market.
  • Proven successful leadership skills; Ability to lead and motivate a team.
  • Expertise in risk assessment and a firm understanding of policy administration life cycle.
  • Strong commercial and strategic awareness.
  • Excellent communication and negotiation skills.
  • Able to work in an international matrix organisation.
  • Good interpersonal skills, both internally and externally.
  • Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision‑making is highly beneficial.

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 recognises the value of striking a balance between in‑person collaboration and remote working.
  • 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.
  • We support flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), and help people return from career breaks with experience that nothing else can teach.
  • 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.

Equal Opportunities

  • 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.
  • The foundation for this is our inclusive workplace, where people and performance both matter, 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.

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.

Underwriting Manager - General Aviation in London employer: Allianz Commercial

Allianz Commercial is an excellent employer, offering a dynamic work environment in the heart of London and Toronto. With a strong focus on employee growth, you will benefit from a hybrid working model, competitive salary, and comprehensive benefits, all while being part of a collaborative culture that values innovation and excellence in the financial services sector.

Allianz Commercial

Contact Details:

Allianz Commercial Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Underwriting Manager - General Aviation in London

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 Underwriting Manager - General Aviation in London

Underwriting Expertise
Leadership Skills
Team Management
Negotiation Skills
Risk Assessment
Commercial Awareness
Communication Skills

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.