Junior Underwriter

3 weeks ago


London, Greater London, United Kingdom Allianz Full time
Embrace a Sustainable Future.

Your Aspirations. Your Goals. Your Future.

At Allianz Commercial, we provide comprehensive coverage for a wide array of risks, from aviation to renewable energy sectors.

We are seeking a Junior Underwriter specializing in Natural Resources with a focus on Onshore Energy, Power, and Renewables.

Your Team

The Onshore Energy Team operates within the broader Natural Resources division in London. Our dedicated team of 14 fosters an inclusive atmosphere where you can develop your skills and gain invaluable experience in one of the world's leading insurance firms. We prioritize a culture that is both global and diverse, ensuring we deliver exceptional product knowledge and services to our clients. With a strong emphasis on digital transformation, we enhance efficiency and customer engagement.

Your Contribution

As a Junior Underwriter in Onshore Energy, Power, and Renewables, you will manage the underwriting process in your area of expertise. You will independently evaluate risks, exercise your underwriting authority, and collaborate with internal teams to guarantee accurate and timely policy management. Your role is vital in nurturing robust relationships with brokers, ensuring effective communication, and building trust. Your efforts will significantly influence the efficiency and precision of our underwriting operations, contributing to our success in the competitive downstream oil and gas sector.

Key Responsibilities:
  • Underwrite new and renewal accounts, ensuring alignment with performance targets and within established authority.
  • Engage in business acquisition and retention, including negotiations with clients and brokers.
  • Analyze underwriting information, including client research and claims history.
  • Assist in pricing risks and assessing Natural Catastrophe Accumulation.
  • Ensure adherence to underwriting guidelines and governance frameworks.
  • Oversee policy documentation, ensuring accuracy and contract certainty.
  • Support the management of International Insurance Programs and timely premium bookings.
  • Build and maintain strong relationships with brokers, clients, and internal teams.
Qualifications:
  • A degree in Economics, Law, or a related discipline, or progress towards a professional insurance qualification (e.g., CII).
  • Strong risk assessment capabilities, with the ability to evaluate exposures and natural hazards pertinent to the line of business.
  • Understanding of pricing and market dynamics, with the ability to analyze performance against benchmarks.
  • Proficiency in contract drafting and interpretation, developing consistent and robust policy wordings.
  • Solid grasp of the policy management lifecycle, including administration, premium bookings, and credit control.
  • Excellent communication skills for effectively conveying ideas in both written and verbal formats.
  • Analytical skills to interpret complex data and draw meaningful conclusions.
  • A proactive approach to problem-solving and decision-making.
What We Offer:

Commitment to Inclusion

We are dedicated to fostering an inclusive environment where everyone feels valued. Our hybrid working model balances in-person collaboration with remote work flexibility.

Financial Wellbeing

We reward performance with a competitive compensation and benefits package, including a generous bonus scheme and pension plan.

Career Development

We provide opportunities for career advancement and continuous learning through digital programs and international mobility.

Support for Life's Changes

We offer flexible working arrangements, health and wellbeing support, and generous parental leave benefits.

Social Responsibility

We encourage engagement in initiatives that promote a safe, inclusive, and sustainable future for our employees, industry, and clients.

Allianz Commercial is an equal opportunity employer, welcoming applications from diverse backgrounds. We value diversity of thought as a key component of our culture.

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