Allianz Commercial
Junior Underwriter, Offshore Energy
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Junior Underwriter - Offshore Energy Natural Resources
Location
London
About the Role
We are looking for a Junior Underwriter in the Offshore Energy Natural Resources team, based in London. This role will primarily focus on assisting on the Upstream and Offshore Renewables Portfolio. This role will also work closely with the Onshore Energy team, as part of the wider UK Natural Resources team.
Your Team
Our Underwriting team is responsible for reviewing and approving insurance risks within their area of expertise. Each team member has the authority to make decisions and works closely with other departments to make sure policies are processed correctly and on time. They also build strong relationships with brokers, acting as trusted partners and helping them find the best solutions for their clients. It’s a collaborative, fast-moving team where you’ll be supported to grow, take ownership of your work, and make a real impact. If you enjoy working with people and solving problems, this could be the right team for you.
The Impact You Will Have
As a key member of the team, you will take ownership of the underwriting process within your area of expertise, using your authority to make sound, independent decisions. Your work will directly contribute to the profitability and efficiency of the business by ensuring that policies are reviewed, priced, and issued accurately and on time. You will collaborate with other departments to support smooth operations and maintain high service standards. By building and maintaining strong relationships with brokers, you’ll play a vital role in strengthening our market presence and delivering tailored solutions to meet client needs.
Some Of Your Specific Responsibilities Could Include
- Support all underwriting activities within the Offshore Energy line of business
- Assist in achieving profitability targets for new and renewal business
- Contribute to contract certainty for all accounts at inception, ensuring precision in underwriting processes and procedures
- Contribute to the development and execution of the regional underwriting strategy
- Collaborate with our Risk Consulting, Claims, Distribution and Operations teams to enhance the overall underwriting process
- Prepare management reporting and analytics and ensure high levels of data quality
- Foster positive relationships with key clients, brokers and internal and external stakeholders
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What You’ll Bring To The Role
You’ll bring prior experience in corporate insurance in the London market, ideally in Offshore Energy Underwriting. You also bring:
- Good understanding of the Offshore Energy insurance market and competitor landscape
- Understanding of the policy administration life cycle, information collection, policy issuance, premium bookings and credit control
- You have commercial acumen and enjoy building and maintaining relationships with external contacts such as brokers and clients
- Awareness of the legal and regulatory environment
- Strong communication skills with the ability to collaborate effectively as part of a team
- Sense of initiative and willingness to develop technicity
- Skilled at data analytics, preparing reports and presentations
- Expert proficiency in Excel (e.g. pivot tables, V look-up), Power BI and Microsoft Office, and a willingness to learn and explore how AI can enhance your role and the broader organization
- A willingness to learn and explore how AI can enhance your role and the broader organization is expected.
Job Details
- Reference Number: 102970
- Department: Underwriting
- Role Level: Professional
- Company: Allianz Commercial
- Employment Type: Full-Time | Permanent
What’s in it for you?
Let’s Care About Everything That Makes You, 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.
Let’s care for your 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.
Let’s care for your opportunities to progress
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.
Let’s care for life’s twists and turns
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.
Let’s care for our society and our planet
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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.
Learn more about careers at Allianz Commercial by clicking here.
Learn more about Allianz Commercial by clicking here.
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 matters, 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. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.
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