Delegated Underwriting Expert

We are looking for a Delegated Underwriting Expert based in London.

The Delegated Authority Governance team sits within Underwriting Integrity & Solutions (UWIS) at AGCS and is responsible for all governance relating to Delegated Underwriting Authority Facilities across the business globally. The team owns and maintains the UW Facility Functional Rule, oversees the Internal Annual Facilities Review and Program Review process, and manages all contract agreement templates in collaboration with Legal & Compliance.

Key responsibilities include:

• Ensuring the presentation of significant Facilities to the Underwriting Committee and Board of Management for approval.
• Reporting on the Facility Inventory.
• Tracking and remediating breaches of authority.
• Overseeing sub-delegation arrangements.
• Acting as the central point of management for all Subject Matter clauses and addenda to Delegated Underwriting Authority contracts.

The team works cross-functionally with Lines of Business, Portfolio Solutions, Distribution, Claims, Outsourcing, Risk Management, and Compliance to ensure robust controls and governance are in place throughout the full lifecycle of every Facility — from onboarding and active underwriting through to renewal and exit.

The purpose of the role is to help and facilitate effective supervision and monitoring in respect of delegated activities whilst providing continuous improvements to the function. Some specific responsibilities could include:

• Ensuring new and renewal binders for the strategic relationship are assessed and approved in line with the agreed approval process.
• Liaising with relevant internal and external stakeholders to ensure mid-term change requests are handled and approved in line with the unique Governance needs.
• Ensuring any breaches from Distribind are notified in line with our internal processes to the business managers and managing any queries arising from this oversight.
• Supporting the wider Delegated Governance team to ensure internal procedures and systems relating to all delegated methods of placement are kept up to date and adhere to regulatory requirements and best practice guidelines.
• Conducting ad-hoc project work in line with the Delegated Governance team strategy and supporting internal stakeholders and other members of the team where required.
• Assisting in other activities of the team as required to comply with relevant AGCS procedures and policies.
• Building and maintaining strong working relationships with key stakeholders within the business.

What You’ll Bring to the Role:

• The ability to establish close working relationships with a range of talented professionals who operate under constant time pressure.
• Excellent organisational skills.
• Analytical skills, able to review reports, extract relevant issues and assess their importance.
• Assertiveness, able to provide challenge to internal and external stakeholders to ensure issues identified are adequately addressed and brought to an acceptable conclusion.
• Able to communicate effectively both verbally and in writing with both internal and external stakeholders and to successfully manage these relationships.
• Ability to negotiate and influence at all levels.
• Strong communication skills, both verbal and written.
• Team worker as well as able to work on own initiative.
• Strong organisation skills with the ability to manage own time, meet deadlines and prioritise.
• Ability to command respect from colleagues at all levels.
• Understanding of both strategic and operational details.
• Meticulous, precise, thorough, good at record keeping.
• Strong computer skills – good working knowledge of MS Office, intermediate Excel, Word and PowerPoint skills.
• A willingness to learn and explore how AI can enhance your role and the broader organisation is expected.

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, 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.
• We support flexible working, health and wellbeing (including private healthcare and generous parental leave benefits).
• We care for our society and our planet with opportunities to be engaged in shaping a future that is safe, inclusive and sustainable.

Allianz Commercial is the centre of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.

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. 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 agcsglobalcareers@allianz.com

Recruitment Agencies: Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.