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For Companies At a Glance
- Tasks: Prepare underwriting processes and liaise with teams for policy administration.
- Company: Join Allianz Commercial, a leader in the insurance industry.
- Benefits: Hybrid working model, competitive salary, generous bonus scheme, and lifelong learning opportunities.
- Why this job: Make an impact in the insurance world while developing your skills in a supportive environment.
- Qualifications: Degree-level education or progress towards professional insurance qualification preferred.
- Other info: Embrace agile working and explore how AI can enhance your role.
The predicted salary is between 28800 - 48000 £ per year.
Overview
We are looking for a Junior Underwriter D&O, based in London.
The Impact You Will Have
In this role, you will independently prepare underwriting processes and liaise with other functions to ensure timely and accurate policy administration. Your responsibilities will include negotiating participation, pricing and terms & conditions, supporting the acquisition of new business and retaining existing business, developing peer level relationships with brokers. You will report to the Head of Professional Indemnity and Management Liability.
Responsibilities
- Underwriting of new and renewal accounts to meet top and bottom-line targets in line with underwriting strategy. The level of underwriting authority will depend on your level of experience.
- Proactively prepare relevant underwriting information including client/market research and claims data.
- Ensure underwriting compliance in line with LoB governance framework e.g. underwriting authorities, global MSU and underwriting guidelines.
- Assist in ensuring contract certainty is achieved on all accounts at time of inception.
- Liaise with other functions e.g. operations, credit control, MMC, ARC and Claims.
- Develop and maintain peer relationships with brokers, clients and the Underwriting teams in the Region and CUO.
- Assist in the management of broker facilities.
- Support administration of international insurance programmes.
- Support Senior Underwriters and other Underwriters in the team.
What You\\\’ll Bring to the Role
- Previous experience in the D&O Line of Business in the London insurance market is preferred.
- Degree-level education or progress towards professional insurance qualification preferred.
- Understand how multinational Management Liability programmes are facilitated with premium flow, local policy issuance, local tariffs and taxation.
- Sound understanding of the policy administration life cycle, information collection, policy issuance, premium bookings and credit control.
- Proficient in MS Office applications (Word, Excel, PowerPoint).
- Excellent analytical and communication skills.
- Willingness to learn and explore how AI can enhance your role and the broader organization.
- You embrace agile working and engage in constant learning, to adapt to internal and external customer needs.
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 recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.
We believe in rewarding performance with a great compensation and benefits package (details vary by location), 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 and an environment where innovation, delivery and empowerment are fostered.
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We\\\’ve got your back.
About Allianz Commercial
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. Allianz Commercial helps customers to prepare for what\\\’s ahead.
Learn more about Allianz Commercial by visiting our careers site. Learn more about Allianz Commercial by visiting our site.
Equality and Recruitment
At Allianz, we stand for unity and equal opportunities for all. We welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Join us. Let\\\’s care for tomorrow.
People with disabilities: 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. Allianz Commercial does not accept unsolicited resumes from agencies. Fees will not be paid if a candidate submitted by an agency without an agreement is hired.
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Junior Underwriter D&O employer: Allianz
Contact Detail:
Allianz Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Underwriter D&O
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working in D&O. Use LinkedIn to connect and engage with professionals; you never know who might have a lead on your dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to underwriting and be ready to discuss how your skills align with their needs. Show them you're not just another candidate!
✨Tip Number 3
Practice your negotiation skills! As a Junior Underwriter, you'll need to negotiate terms and conditions. Role-play with a friend or mentor to build confidence and refine your approach before the real deal.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at Allianz Commercial.
We think you need these skills to ace Junior Underwriter D&O
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Junior Underwriter D&O role. Highlight any relevant experience in the D&O Line of Business and showcase your analytical skills. We want to see how you can contribute to our underwriting strategy!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. Don’t forget to mention your willingness to learn and adapt, as we value that at StudySmarter.
Showcase Your Skills: Be sure to highlight your proficiency in MS Office applications and any experience with policy administration. We love candidates who can demonstrate their technical skills alongside their communication abilities!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Allianz
✨Know Your D&O Stuff
Make sure you brush up on your knowledge of Directors and Officers (D&O) insurance. Understand the key terms, recent trends in the market, and any relevant regulations. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific underwriting scenarios. Think through examples where you've had to negotiate terms or manage client relationships. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
✨Show Off Your Analytical Skills
Since this role requires strong analytical abilities, be ready to discuss how you've used data in past roles. Bring examples of how you've conducted market research or analysed claims data to support your decisions. This will demonstrate your capability to prepare relevant underwriting information.
✨Ask Insightful Questions
At the end of the interview, have a few thoughtful questions prepared. Ask about the team dynamics, how they measure success in the role, or what challenges the department is currently facing. This shows that you're engaged and thinking about how you can contribute to their goals.
