Underwriting Manager Property Owners or Commerical Combined in London

Underwriting Manager Property Owners or Commerical Combined in London

London Full-Time 60000 - 80000 £ / year (est.) No working from home possible
Ultimate.ai

At a Glance

  • Tasks: Lead and develop a team of underwriters for strong product performance and profitable growth.
  • Company: Join Allianz, a leader in insurance with a commitment to inclusion and innovation.
  • Benefits: Enjoy flexible working, competitive salary, bonuses, and discounts on insurance products.
  • Other info: Hybrid working model with a focus on work-life balance and personal growth.
  • Why this job: Make a real impact in a key leadership role while fostering team development.
  • Qualifications: Proven leadership in underwriting, strong technical expertise, and excellent communication skills.

The predicted salary is between 60000 - 80000 £ per year.

Role Description

You will lead underwriting delivery, driving strong product performance, technical excellence and profitable growth.

This is a key leadership role where you will develop underwriting capability with your people while ensuring disciplined, high‑quality decision‑making aligned to strategy.

Location

This role is based in our London office. It is a hybrid working role with an expectation to attend the office at least 2 days per week.

Salary Information

Pay is dependent on experience, skills and location and is part of our total reward package.

About You

  • Lead, motivate and develop a team of underwriters to deliver strong results and high engagement.
  • Deliver KPI targets across complex cases and portfolios aligned to product strategy.
  • Use underwriting authority with a clear understanding of profit and loss impact and portfolio performance.
  • Make key commercial decisions to support profitable growth and strengthen distribution relationships.
  • Support business development activity in line with distribution segmentation strategy.
  • Conduct underwriting inspections, account control and quality review activity where required.
  • Produce and deliver technical training, mentoring and coaching to your direct reports.
  • Partner with Head Chief Underwriting Office and Underwriting Enablement teams to design and deliver technical capability frameworks.
  • Collaborate with Distribution to support service delivery and performance.
  • Represent Allianz in internal and external forums, engaging with key stakeholders.

Essential Skills

  • Proven leadership capability, with experience managing or developing underwriting teams.
  • Ability to balance technical excellence with business performance and growth objectives.
  • Strong underwriting expertise, including policy wordings, clauses and non‑standard cover.
  • Ability to assess risk, pricing and terms, applying risk management principles effectively.
  • Understanding of claims drivers and application of mitigation strategies.
  • Strong knowledge of underwriting governance, legislation and regulatory frameworks.
  • Ability to interpret KPIs and identify trends and opportunities.
  • Understanding of reinsurance principles, including treaty and facultative arrangements.
  • Strong commercial acumen and understanding of portfolio and account management principles.
  • Excellent communication and stakeholder engagement skills.

Desirable Skills

  • ACII qualification or equivalent industry experience.
  • Completion of underwriting academy modules or similar professional development.
  • Knowledge of project or change delivery within underwriting environments.
  • Experience contributing to product development or segmentation activity.
  • Strong track record of delivering against challenging objectives.
  • Responsible Artificial Intelligence usage.
  • What We Will Offer You
  • Flexible buy/sell holiday options.
  • Hybrid working.
  • Annual performance‑related bonus.
  • Contributory pension scheme.
  • Development days.
  • A discount up to 50% on a range of insurance products including car, home and pet.
  • Retail discounts.
  • Volunteering days.
  • Our Ways of Working

Do you need flexibility with the hours you work?

Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen.

Here at Allianz, we are signatories of the ABIs flexible working charter.

We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements.

Our aim with this is to help innovation, creativity and you to thrive – your work life balance is important to us.

Integrity, Fairness, Inclusion & Trust

At Allianz, we believe in fostering an inclusive workforce and are proud to be an equal opportunity employer.

Our commitment to equal opportunities, gender equity and balanced gender representation is demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community’s Race at Work Charter signatories, and Armed Forces Covenant gold standard employer.

We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success.

We encourage our employees to advocate for their needs, whether it’s assistive technology, ergonomic equipment, mentoring, coaching or flexible work arrangements.

We reserve the right to close the advert early if we reach enough applications.

Join us – Let’s Care for Tomorrow.

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Ultimate.ai

Contact Details:

Ultimate.ai Recruitment Team

We think you need these skills to ace Underwriting Manager Property Owners or Commerical Combined in London

Leadership Capability
Underwriting Expertise
Risk Assessment
Pricing and Terms Application
Claims Drivers Understanding
Underwriting Governance Knowledge
KPI Interpretation