ART Senior Structured Underwriter

Allianz; City Of London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A global insurance provider is seeking an experienced ART Senior Structured Underwriter in London. The successful candidate will underwrite profitable new and renewal business, managing relationships with brokers and clients. This role requires strong analytical skills and previous underwriting or broking experience. The company offers a hybrid working model, competitive compensation, and numerous benefits focused on personal and professional growth.

Benefits

Generous bonus scheme

Pension

Private healthcare

Qualifications

• 5+ years of experience in underwriting or as a broker.
• Understanding of complex multinational transactions.
• Skills in pricing analysis and policy management.

Responsibilities

• Underwrite new and renewal accounts to meet targets.
• Negotiate terms with brokers and manage capacity.
• Drive new business acquisition and retention.

Skills

Market experience in underwriting or broking

Expert understanding of LoB products

Established broker relationships

Strong knowledge of legal frameworks

Analytical and communication skills

Experience in AI and ML

Job description

We are looking for an ART Senior Structured Underwriter based in London.

We are looking for a dynamic person who wants to take a step outside the traditional mono-line placement structure and learn more about multi-line, capital efficient programmes which enhance client's risk financing and retention strategies. No previous ART experience necessary.

The Team

You’ll be joining a team of 7 underwriters, based in London, all with different backgrounds in insurance from broking to actuarial and operations. The ART team sits within the wider Allianz Commercial and predominantly looks at multi-year, multi-line, structured insurance or captive reinsurance programmes. As we work across all lines of business, we also maintain strong relationships with the other underwriting teams within Allianz in order to support our underwriting decisions. The wider London team also includes persons from ART legal, claims, actuarial and deal management with whom we work closely on a daily basis.

The Impact You Will Have

You will look to underwrite profitable new and renewal business to meet Line of Business (LoB) targets both locally and regionally. You will also be responsible for negotiating participation, pricing, and terms and conditions. You will take ownership of accounts and clients, ensuring their needs are met and expectations exceeded, while also developing and maintaining strong relationships with brokers and clients.

Responsibilities

• Underwrite new and renewal accounts to meet targets, negotiating terms with brokers, and managing capacity.
• Ensure underwriting aligns with governance frameworks, achieving contract certainty at inception and utilizing global pricing tools.
• Maintain comprehensive file records for each risk and transaction, supporting policy administration and credit control processes.
• Support regional Underwriting strategy, train and coach staff, manage referrals, and delegate work appropriately.
• Drive new business acquisition and retention, represent Allianz Commercial in the market, and maintain strong relationships with brokers, clients, and stakeholders.

Qualifications

• Approximately 5+ years of market experience in underwriting or previous experience as a broker in a Account Executive / Account Director role.
• In-depth expert understanding of a LoB's products, portfolio, and regional/local insurance markets and competitor landscape.
• Established relationships with brokers at peer group level within the market.
• Good understanding of insurance placements and their applications, including complex multinational transactions.
• Strong knowledge of the legal and regulatory framework relevant to the insurance industry.
• Experience working in complex, global matrix organizations, with skills in risk assessment and management.
• Experience in pricing analysis, contract drafting and interpretation, and robust policy management throughout the administration lifecycle.
• Analytical skills with excellent communication skills.
• Understanding of captives and their placement structure (preferable).
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

84807 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

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.

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.

Career Progression

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.

Support and Wellbeing

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 you back.

Sustainability and Society

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.

EEO Statement

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.

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 [e-mail]

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