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For Companies At a Glance
- Tasks: Underwrite new and renewal accounts, negotiate terms, and manage client relationships.
- Company: Join Allianz Commercial, a leader in innovative insurance solutions.
- Benefits: Enjoy a competitive salary, hybrid working, and a generous bonus scheme.
- Why this job: Make an impact in a dynamic team while learning about multi-line insurance.
- Qualifications: 5+ years in underwriting or broking, with strong analytical and communication skills.
- Other info: Inclusive culture with opportunities for career growth and personal development.
The predicted salary is between 36000 - 60000 £ per year.
We are looking for a dynamic person who wants to take a step outside the traditional mono-line placement structure and learn more about multi-line, capital efficient programmes which enhance clients' risk financing and retention strategies. No previous ART experience necessary.
The Team
You will be joining a team of 7 underwriters, based in London, all with different backgrounds in insurance from broking to actuarial and operations. The ART team sits within the wider Allianz Commercial and predominantly looks at multi-year, multi-line, structured insurance or captive reinsurance programmes. As we work across all lines of business, we also maintain strong relationships with the other underwriting teams within Allianz in order to support our underwriting decisions. The wider London team also includes persons from ART legal, claims, actuarial and deal management with whom we work closely on a daily basis.
The Impact You Will Have
You will look to underwrite profitable new and renewal business to meet Line of Business (LoB) targets both locally and regionally. You will also be responsible for negotiating participation, pricing, and terms and conditions. You will take ownership of accounts and clients, ensuring their needs are met and expectations exceeded, while also developing and maintaining strong relationships with brokers and clients.
Responsibilities
- Underwrite new and renewal accounts to meet targets, negotiating terms with brokers, and managing capacity.
- Ensure underwriting aligns with governance frameworks, achieving contract certainty at inception and utilising global pricing tools.
- Maintain comprehensive file records for each risk and transaction, supporting policy administration and credit control processes.
- Support regional Underwriting strategy, train and coach staff, manage referrals, and delegate work appropriately.
- Drive new business acquisition and retention, represent Allianz Commercial in the market, and maintain strong relationships with brokers, clients, and stakeholders.
Qualifications
- Approximately 5+ years of market experience in underwriting or previous experience as a broker in an Account Executive / Account Director role.
- In-depth expert understanding of a LoB's products, portfolio, and regional/local insurance markets and competitor landscape.
- Established relationships with brokers at peer group level within the market.
- Good understanding of insurance placements and their applications, including complex multinational transactions.
- Strong knowledge of the legal and regulatory framework relevant to the insurance industry.
- Experience working in complex, global matrix organisations, with skills in risk assessment and management.
- Experience in pricing analysis, contract drafting and interpretation, and robust policy management throughout the administration lifecycle.
- Analytical skills with excellent communication skills.
- Understanding of captives and their placement structure (preferable).
- Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.
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. Please feel free to discuss flexible working arrangements with us.
Financial Wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
Career Progression
From career development and digital learning programmes to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
Support and Wellbeing
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.
Sustainability and Society
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
EEO Statement
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.
ART Senior Structured Underwriter in London employer: Allianz
Contact Detail:
Allianz Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land ART Senior Structured Underwriter in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work in underwriting or have ties to Allianz. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of multi-line and structured insurance programmes. Show us you’re keen to learn and adapt, even if you don’t have direct ART experience. We love a candidate who’s eager to grow!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in our minds and shows your enthusiasm for the role.
✨Tip Number 4
Check out our website for any upcoming events or webinars related to underwriting. Engaging with us in these settings can help you stand out and demonstrate your commitment to the field. Plus, it’s a great way to meet potential colleagues!
We think you need these skills to ace ART Senior Structured Underwriter in London
Some tips for your application 🫡
Show Your Unique Background: We love diverse experiences! When you write your application, highlight how your unique background can bring a fresh perspective to the ART team. Don’t be shy about sharing your journey and what makes you stand out.
Tailor Your Application: Make sure to tailor your application to the job description. Use keywords from the posting, like 'multi-line' and 'risk financing', to show that you understand what we’re looking for. This helps us see how you fit into our vision!
Be Clear and Concise: Keep it clear and to the point! We appreciate well-structured applications that get straight to the heart of your qualifications and experiences. Avoid fluff and focus on what really matters to us.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Allianz
✨Know Your Stuff
Make sure you have a solid understanding of the insurance market, especially in relation to multi-line and structured programmes. Brush up on your knowledge of risk financing and retention strategies, as this will show your potential employer that you're genuinely interested in the role.
✨Build Relationships
Since the role involves maintaining strong relationships with brokers and clients, think about how you can demonstrate your interpersonal skills. Prepare examples from your past experiences where you've successfully built and maintained professional relationships.
✨Showcase Your Analytical Skills
Be ready to discuss your experience with pricing analysis and contract management. Bring specific examples of how you've used analytical skills to make informed decisions in previous roles, as this is crucial for underwriting success.
✨Embrace the Team Spirit
With a diverse team background, it's important to show that you can collaborate effectively. Think of ways you've worked in teams before and be prepared to discuss how you can contribute to the ART team's goals while also learning from your colleagues.
