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- Tasks: Join our Specialty Credit team to underwrite risks and develop tailored solutions.
- Company: Allianz Trade UK is a leader in credit insurance and risk management.
- Benefits: Enjoy life assurance, health plans, and discounts on car and home insurance.
- Why this job: Be part of a dynamic team driving growth and profitability in a global market.
- Qualifications: Experience in credit insurance or banking, with strong communication skills required.
- Other info: Fluency in a second language is a plus; share your compensation expectations when applying.
The predicted salary is between 36000 - 60000 £ per year.
Allianz Trade UK is looking for a Commercial Underwriter to join our London (Gracechurch Street) Specialty Credit team.
Reporting to the Specialty Credit Head of Region, you will be responsible for underwriting specific risks on the basis of the underwriting guidelines applicable to the Specialty Credit team and the growth strategy.
What you will do:
- Originate transactions liaising with brokers and clients;
- Select opportunities based on Allianz Trade / Specialty Credit underwriting criteria;
- Handle the commercial underwriting process, in coordination with the risk underwriting team;
- Develop business by providing clients with solutions in frame of Commercial Underwriting rules;
- Drive growth, long-term quality and profitability of portfolio;
- Approve terms and conditions of tailor made solutions within authorities;
- Review contractual documentation and negotiate specific wordings with brokers and clients.
What you will bring:
A relevant experience in credit insurance or political risk market and/or banking sector including:
- Experience as a Political and Commercial Underwriter, or relevant banking experience;
- Knowledge of credit insurance mechanisms and banking products;
- Good understanding of trade related financings for corporates from Trade Finance to Export Finance products and knowledge of banking transactions;
- Good understanding of the PRI market and banking industry;
- Good knowledge of markets wordings;
- Very good geopolitical culture including on emerging markets;
- Strong organisational / communication skills and efficient work practices.
Nice to have:
- Fluency in a second language.
What we offer:
- Life assurance;
- Health cash plan;
- Employee Share Incentive Plan;
- 50% on your Car Insurance and up to 25% on Home Insurance through 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.
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Credit and Political Risk Underwriter employer: Allianz Popular SL.
Contact Detail:
Allianz Popular SL. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit and Political Risk Underwriter
✨Tip Number 1
Familiarize yourself with Allianz Trade's underwriting guidelines and the specific criteria for Specialty Credit. Understanding these guidelines will help you demonstrate your alignment with their processes during the interview.
✨Tip Number 2
Network with professionals in the credit insurance and political risk sectors. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the market trends that could benefit your application.
✨Tip Number 3
Stay updated on geopolitical developments, especially in emerging markets. Being knowledgeable about current events will not only enhance your understanding of the PRI market but also show your commitment to the role.
✨Tip Number 4
Prepare to discuss your experience with trade-related financing and how it relates to the role. Be ready to provide examples of how you've successfully navigated similar situations in your previous positions.
We think you need these skills to ace Credit and Political Risk Underwriter
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities and requirements of the Credit and Political Risk Underwriter position. Tailor your application to highlight relevant experiences in credit insurance, political risk, or banking.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience as a Political and Commercial Underwriter or any relevant banking experience. Be specific about your knowledge of credit insurance mechanisms and trade-related financing.
Showcase Communication Skills: Since strong communication skills are essential for this role, provide examples in your application that demonstrate your ability to liaise effectively with brokers and clients, as well as your negotiation skills.
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 Popular SL.
✨Understand the Underwriting Process
Make sure you have a solid grasp of the commercial underwriting process, especially as it relates to credit insurance and political risk. Be prepared to discuss how you would handle specific underwriting scenarios and what criteria you would use to select opportunities.
✨Showcase Your Geopolitical Knowledge
Given the importance of geopolitical factors in this role, demonstrate your understanding of current events and trends, particularly in emerging markets. Bring examples of how geopolitical knowledge has influenced your previous underwriting decisions.
✨Prepare for Negotiation Scenarios
Since negotiating terms and conditions is a key part of the job, be ready to discuss your negotiation style and provide examples of successful negotiations you've conducted in the past. Highlight your ability to tailor solutions to meet client needs.
✨Highlight Relevant Experience
Be specific about your experience in credit insurance or the banking sector. Prepare to discuss your previous roles, the types of risks you underwrote, and how your background aligns with the requirements of the position at Allianz Trade.
