At a Glance
- Tasks: Support the underwriting process and assist in deal origination with brokers and clients.
- Company: Join Allianz Commercial, a leader in trade credit insurance with an inclusive culture.
- Benefits: Enjoy hybrid working, health plans, and employee share incentives.
- Other info: Embrace a forward-thinking mindset and stay updated with digital trends and AI tools.
- Why this job: Be part of a dynamic team driving growth and innovation in the insurance sector.
- Qualifications: Basic understanding of credit insurance and strong communication skills are preferred.
The predicted salary is between 63000 - 77000 £ per year.
This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.
Summary of Role: The Junior Commercial Underwriter supports the growth and quality of the Specialty Credit Mid Term (SC MT) portfolio by assisting the team of commercial and senior commercial underwriters throughout the full commercial underwriting process from deal origination to policy issuance ensuring accuracy, efficiency, and alignment with internal risk criteria. This role requires basic underwriting knowledge, ideally with experience in the Credit and Political Risk Insurance (CPRI) market and/or the banking sector, though this is not essential.
Main Tasks:
- Support the origination of deals by liaising with brokers and clients
- Support underwriters on a broad scope of tasks including collecting information, redacting memos, and inputting data into the SC MT in-house tools
- Support underwriters in selecting opportunities based on Allianz Trade / SC MT underwriting criteria
- Handle the commercial underwriting process in coordination with the risk underwriting team
- Support the development of the business by providing clients with solutions within the framework of Commercial Underwriting rules
- Drive growth, long-term quality, and profitability of the portfolio
- Support the approval of terms and conditions for tailor-made solutions within delegated authorities
- Support the review of contractual documentation and negotiate specific wordings with brokers and clients
What we are looking for:
- Good understanding of credit insurance mechanisms and bank products
- Good understanding of trade-related financings for corporates, from Trade Finance to Export Finance products, and knowledge of banking transactions
- Understanding of the CPRI market and the banking industry
- Very good geopolitical awareness, including knowledge of emerging markets
- Experience in credit insurance or the political risk market and/or the banking sector (not essential)
- Strong organisational and communication skills with efficient work practices
- Proven ability to work as a team player, contributing positively to a collaborative environment and supporting colleagues across Commercial and Risk Underwriting teams
- Fluent English; a second language would be welcome
- Proficiency in Microsoft Excel (including basic formulas, data manipulation, and tables) and PowerPoint (structure, storytelling, and slide design)
- Familiarity with AI productivity tools and modern software solutions to support analysis, memo preparation, and workflow optimisation
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
We are seeking candidates who are naturally curious and have a keen interest in technology and innovation. As we navigate the future, we value individuals who are eager to stay updated with the latest digital trends and advancements. The ideal candidate should demonstrate a proactive approach to learning and adapting to new tools and technologies, especially Artificial Intelligence (AI) powered tools, showcasing a forward-thinking mindset that aligns with our vision for growth and progress.
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us. Let's care for tomorrow.
Specialty Credit Junior Commercial Underwriter 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.
StudySmarter Expert Advice🤫
We think this is how you could land Specialty Credit Junior Commercial Underwriter
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Allianz Commercial. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Specialty Credit Junior Commercial Underwriter
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Allianz Commercial.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Allianz Commercial's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Allianz Commercial
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Allianz Commercial.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Allianz Commercial will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Allianz Commercial employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
