Credit and Political Risk Underwriter in London

We are seeking a dedicated and experienced Credit and Political Risk Underwriter to join our Specialty Credit team. This role involves underwriting specific risks in accordance with the underwriting guidelines applicable to the Specialty Credit team. The ideal candidate will have substantial experience in the Credit and Political Risk market and/or extensive banking experience, and will thrive in a collaborative team environment.

Main Tasks

• Originate transactions by liaising with brokers and clients to identify potential opportunities.
• 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 within the framework of Commercial Underwriting rules.
• Drive growth, long-term quality, and profitability of the portfolio.
• Approve terms and conditions of tailor-made solutions within established authorities.
• Review contractual documentation and negotiate specific wordings with brokers and clients.

Experience Required

• Relevant experience in the credit insurance or political risk market and/or banking sector.
• 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 market wordings.
• Very good geopolitical culture, including knowledge of emerging markets.
• Strong organizational and communication skills, along with efficient work practices.
• Fluent in English.

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.

Allianz Trade is the trademark used to designate a range of services provided by Euler Hermes. We are the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Headquartered in Paris, we are present in more than 50 countries with 5,500 employees. In 2021, our global business transactions represented 931 billion Euro in exposure.

We at Allianz believe in a strong inclusive culture that encourages people to speak their minds, get involved and question the status quo. We are proud to be an equal opportunity employer and encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love, or what you believe in. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability, sexual orientation, or any other characteristics protected under applicable local laws and regulations. Great to have you on board. Let's care for tomorrow.