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For Companies At a Glance
- Tasks: Join our team to underwrite credit and political risks while collaborating with brokers and clients.
- Company: Allianz Trade is a leading provider in credit insurance, committed to growth and innovation.
- Benefits: Enjoy hybrid working, health plans, life assurance, and discounts on car and home insurance.
- Why this job: Be part of a dynamic team driving growth and profitability in a diverse and inclusive environment.
- Qualifications: Experience in credit insurance or banking, strong communication skills, and geopolitical knowledge required.
- Other info: Fluency in a second language is a plus; we value your unique perspective!
The predicted salary is between 43200 - 72000 £ per year.
Credit and Political Risk Underwriter
Allianz London, United Kingdom
Posted: 15 days ago | Type: Permanent | Salary: Competitive
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 based on 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 the frame of Commercial Underwriting rules;
- Drive growth, long-term quality, and profitability of the 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 market wordings;
- Very good geopolitical culture including on emerging markets;
- Strong organisational and communication skills and efficient work practices;
- Fluent in English.
Nice to have:
- Fluency in a second language.
What we offer:
- Life assurance;
- Health cash plan;
- Employee Share Incentive Plan;
- Hybrid working;
- 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. Thank you for your understanding and cooperation.
Allianz believes in a diverse and inclusive workforce and is proud to be an equal opportunity employer. We 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.
For more information, please visit or our social media LinkedIn Twitter Instagram @AllianzTrade.
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Credit and Political Risk Underwriter | London, UK employer: Allianz
Contact Detail:
Allianz Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit and Political Risk Underwriter | London, UK
✨Tip Number 1
Familiarize yourself with the specific underwriting guidelines of Allianz Trade. Understanding their criteria will help you demonstrate your alignment with their expectations during the interview process.
✨Tip Number 2
Network with professionals in the credit insurance and political risk sectors. Engaging with industry experts can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Stay updated on geopolitical trends and emerging markets. Being knowledgeable about current events will not only help you in interviews but also show your commitment to understanding the market dynamics relevant to the role.
✨Tip Number 4
Prepare to discuss your experience with trade-related financing and banking products. Highlighting your relevant background will demonstrate your capability to handle the responsibilities outlined in the job description.
We think you need these skills to ace Credit and Political Risk Underwriter | London, UK
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 helps align expectations from the start.
How to prepare for a job interview at Allianz
✨Understand the Underwriting Process
Make sure you have a solid grasp of the commercial underwriting process, especially as it relates to credit 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, brush up on current events and trends in emerging markets. Be ready to demonstrate your understanding of how these factors can impact underwriting decisions.
✨Prepare for Technical Questions
Expect technical questions related to credit insurance mechanisms and banking products. Review key concepts and be prepared to explain how they apply to real-world situations, particularly in trade-related financing.
✨Highlight Your Communication Skills
Strong communication skills are essential for liaising with brokers and clients. Prepare examples of how you've effectively communicated complex information in previous roles, and be ready to discuss your negotiation strategies.
