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For Companies At a Glance
- Tasks: Underwrite and negotiate profitable business in the Mining sector while building strong relationships.
- Company: Join Allianz Commercial, a global leader in insurance with a focus on inclusivity.
- Benefits: Enjoy a hybrid working model, competitive salary, bonuses, and lifelong learning opportunities.
- Why this job: Make an impact in a respected company while developing your skills in a supportive environment.
- Qualifications: Experience in Mining underwriting and strong communication skills are essential.
- Other info: Be part of a diverse team committed to innovation and sustainability.
The predicted salary is between 36000 - 60000 £ per year.
We are looking for a Senior Underwriter within the Mining Sector (Natural Resources, Onshore Energy) based in London. This role will primarily focus on the Mining portfolio within the London Onshore Energy portfolio, however there will be an opportunity to underwrite other product lines (Downstream Energy, Power and Renewables).
The Onshore Energy team is part of the wider Natural Resources team in London and focuses on Downstream, Power, Renewables and Mining. Our team is committed to providing an environment where you will have a sense of belonging whilst continuing to develop your skills and gain experience within one of the most respected insurance companies globally. The culture of the team as a whole and those within it are extremely important. Our culture is truly global and inclusive. We strive to provide our customers with excellent product expertise and services. With the focus on digitalization, we create efficiency and improve the customers' interaction.
The Impact You Will Have
Reporting to the Regional Head of Onshore Energy, you will underwrite profitable new and renewal business to meet the business targets in Onshore Energy. You will also be negotiating participation, pricing and terms and conditions. You will take ownership of accounts and clients, as well as developing and maintaining relationships with existing and new brokers and clients.
Responsibilities
- Underwrite new and renewal accounts to meet top and bottom line targets
- Negotiate participation, pricing and terms and conditions with brokers
- Proactively manage exposure and capacity
- Underwrite and evaluate capacity aggregations including Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios
- Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
- Proactively liaise with Market Management & Distribution (MMC) on market management initiatives
- Positively represent Allianz Commercial externally to the market
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
- Training, developing and coaching of less experienced staff (including Junior Underwriters, Operations and Credit Control)
What You'll Bring to the Role
- Significant experience in underwriting profitable business in the Mining Sector.
- Recognized relationships with brokers at peer group level and well established within market.
- Good understanding of regional/local Mining insurance markets and competitor landscape, including global elements.
- Ability to assess risk inherent exposures and natural hazards relevant to the line of business.
- Ability to analyse current performance against benchmarks applying how the market operates and functions, the business needs and customer needs.
- Ability to design, develop and implement consistent, robust wordings.
- Excellent understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
- Excellent communication skills and ability to create relationships and communicate clearly at all levels and with a wide range of people.
- Ability to influence and motivate others to act, without executive authority.
- Excellent analytical skills.
- You should be able to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals.
- Ideally ACII qualified or equivalent.
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. 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.
Care to join us?
Allianz Commercial is the center 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. Allianz Commercial helps customers to prepare for what's ahead.
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. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.
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.
Join us. Let's care for tomorrow.
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. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.
Senior Underwriter - Mining within Natural Resources, Onshore Energy in London employer: Allianz
Contact Detail:
Allianz Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Mining within Natural Resources, Onshore Energy in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially those in the mining and energy sectors. Attend events, join online forums, and don’t be shy to reach out on LinkedIn. Building relationships can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to underwriting in the mining sector and be ready to discuss how your experience aligns with their goals. Show them you’re not just another candidate, but someone who truly gets what they do.
✨Tip Number 3
Practice your negotiation skills! As a Senior Underwriter, you'll need to negotiate terms and conditions effectively. Role-play with a friend or mentor to build confidence in discussing pricing and participation with brokers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Allianz Commercial.
We think you need these skills to ace Senior Underwriter - Mining within Natural Resources, Onshore Energy in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role in the Mining Sector. Highlight your relevant experience and skills that align with the job description, especially your underwriting expertise and relationships with brokers.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of your achievements in underwriting and how they relate to the Mining portfolio. Show us your passion for the industry!
Showcase Your Analytical Skills: Since analytical skills are key for this position, make sure to include examples of how you've successfully assessed risks and managed exposure in your previous roles. We want to see your thought process in action!
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 shows us you’re keen on joining our team!
How to prepare for a job interview at Allianz
✨Know Your Mining Sector Inside Out
Make sure you brush up on your knowledge of the mining sector, especially the specific challenges and opportunities it faces. Familiarise yourself with recent trends, regulations, and key players in the market. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Build Relationships Before the Interview
Since this role involves a lot of relationship management, try to connect with current employees or industry professionals before your interview. Use platforms like LinkedIn to reach out and ask about their experiences. This can give you valuable insights and might even help you stand out during the interview.
✨Prepare for Technical Questions
Expect to be asked about underwriting processes, risk assessment, and catastrophe modelling. Brush up on your technical knowledge and be ready to discuss how you would approach underwriting new and renewal accounts. Being able to articulate your thought process will demonstrate your expertise.
✨Showcase Your Communication Skills
As the role requires excellent communication skills, prepare examples that highlight your ability to negotiate and influence others. Think of situations where you've successfully managed client relationships or resolved conflicts. This will illustrate your capability to thrive in a collaborative environment.
