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For Companies At a Glance
- Tasks: Underwrite and negotiate profitable business in Offshore Renewables and Upstream Energy.
- Company: Join Allianz Commercial, a leader in the insurance market.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Make an impact in the renewable energy sector while building strong relationships.
- Qualifications: Experience in underwriting and strong communication skills required.
- Other info: Opportunity to train and develop junior staff in a collaborative setting.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Based in London and reporting to the Regional Head, you will underwrite profitable new and renewal business to meet the business targets encompassing Offshore Renewables and Upstream 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)
- Significant experience in underwriting profitable business in the Offshore Energy market
- Recognized relationships with brokers at peer group level and well established within market
- Good understanding of regional/local Offshore Energy 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
- Ideally ACII qualified or equivalent
- Ability to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals
Qualifications
- Significant experience in underwriting profitable business in the Offshore Energy market
- Recognized relationships with brokers at peer group level and well established within market
- Good understanding of regional/local Offshore Energy 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
- Ideally ACII qualified or equivalent
- Ability to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals
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Underwriter, Offshore Renewables & Upstream Energy employer: Allianz
Contact Detail:
Allianz Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter, Offshore Renewables & Upstream Energy
✨Tip Number 1
Network like a pro! Get out there and connect with people in the Offshore Renewables and Upstream Energy sectors. Attend industry events, join relevant online forums, and don’t be shy about reaching out to brokers and potential clients on LinkedIn.
✨Tip Number 2
Show off your expertise! When you get the chance to chat with someone in the industry, make sure to highlight your experience in underwriting and your understanding of the market. Share insights on risk assessment and how you’ve successfully managed accounts in the past.
✨Tip Number 3
Be proactive! Don’t wait for opportunities to come to you. Reach out to companies directly through our website, express your interest, and ask about potential openings. A little initiative can go a long way in landing that dream job.
✨Tip Number 4
Follow up after meetings or interviews! A quick thank-you email can keep you top of mind. Mention something specific from your conversation to show you were engaged and are genuinely interested in the role.
We think you need these skills to ace Underwriter, Offshore Renewables & Upstream Energy
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that are relevant to the Underwriter role in Offshore Renewables & Upstream Energy. Highlight your underwriting experience and any relationships you've built with brokers, as this will show us you're a great fit for the position.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the Offshore Energy market and how your background aligns with our needs. Don't forget to mention any specific achievements that demonstrate your ability to underwrite profitable business.
Showcase Your Analytical Skills: Since this role requires excellent analytical skills, make sure to include examples of how you've assessed risks and evaluated performance in your previous roles. We want to see how you can apply these skills to meet our business targets.
Apply Through Our Website: We encourage you to apply directly through our website. This way, we can ensure your application gets the attention it deserves. Plus, it’s super easy and straightforward!
How to prepare for a job interview at Allianz
✨Know Your Stuff
Make sure you brush up on your knowledge of the Offshore Renewables and Upstream Energy sectors. Understand the key players, current trends, and challenges in the market. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Negotiation Skills
Since negotiating terms and conditions is a big part of the job, prepare examples from your past experiences where you've successfully negotiated deals. Be ready to discuss your approach and how you handle tough conversations with brokers or clients.
✨Build Relationships
Demonstrate your ability to develop and maintain relationships by sharing specific instances where you've built rapport with clients or brokers. Highlight your communication skills and how you can influence others, even without formal authority.
✨Be Analytical
Prepare to discuss your analytical skills and how you've used them to assess risks and evaluate performance against benchmarks. Bring examples of how you've integrated insights into your work, especially if you've used AI-driven tools to optimise outcomes.
