Credit and Political Risk Senior Underwriter

Allianz UK; Greater London; Hybrid; GBP 65,000 - 85,000; Full time

Job summary

A leading insurance firm in London is looking for a Credit and Political Risk Senior Underwriter. This role requires 5-8+ years of experience in the Credit and Political Risk Insurance market or relevant banking experience. You will originate and manage CPRI transactions, drive growth, and work closely with a dynamic team. The position offers a hybrid working model and various benefits, reflecting a commitment to a rewarding culture amidst the challenges of the industry.

Benefits

Life assurance

Health cash plan

Income Protection

Hybrid Working

Employee Share Incentive Plan

Insurance discounts

Qualifications

• 5-8+ years of experience in the Credit and Political Risk Insurance market.
• In-depth knowledge of credit insurance mechanisms and banking products.
• Experience in underwriting complex structured products.

Responsibilities

• Originate, negotiate, and execute CPRI transactions.
• Select opportunities based on underwriting criteria.
• Drive growth and profitability for the portfolio.

Skills

Negotiation skills

Communication skills

Organizational skills

Interpersonal skills

Proficiency in English

Job description

Description

The Role: Allianz Trade, Specialty Credit (SC) is seeking a Credit and Political Risk Senior Underwriter to join our dynamic team in London. This role is ideal for individuals with extensive experience in the London Credit and Political Risk Insurance (CPRI) market or relevant banking experience. We are looking for someone who thrives in a fast-paced and rewarding culture and is eager to contribute to our growing operations.

Main Tasks:

• Originate, negotiate, and execute CPRI transactions by liaising with brokers and clients.
• Select opportunities based on Allianz Trade/SC underwriting criteria and manage the commercial underwriting process in coordination with our credit analyst team.
• Support the SC Regional Head in strengthening and developing SC in the London market, including the introduction of new products and new clients.
• Drive meaningful growth, long-term quality, and profitability for the portfolio.
• Represent Allianz Trade/SC in all relevant external meetings, conferences, and events both in London and abroad.

Experience Required:

• Minimum of 5-8+ years of relevant experience in the Credit and Political Risk Insurance market and/or banking sector.
• In-depth knowledge of credit insurance mechanisms and banking products.
• Strong understanding of a broad range of products, including bank transactions/loans and trade-related financings for corporates.
• Experience in underwriting complex structured products such as Project Finance, Real Estate, Capital Call Facilities, Aviation Finance, etc.
• Experience in underwriting sovereign transactions and undertaking sovereign reviews.
• Ability to negotiate high-profile transactions, including pricing, with a strong working knowledge of market wordings.
• Strong organizational and communication skills, along with efficient work practices.
• Excellent interpersonal skills and ability to work well within a team.
• Capability to train and coach more junior underwriters based on experience and knowledge.
• Fluent in English; proficiency in other languages is a plus.

What We Offer:

• Life assurane
• Health cash plan
• Income Protection
• Hybrid Working
• Employee Share Incentive Plan
• Various discounts on insurance through the Allianz Partnership
• And much more

This role is fixed-term and not eligible for visa sponsorship under our current sponsorship policy. We kindly ask that you apply only if you have the legal right to work in the without requiring visa sponsorship. We appreciate your understanding and look forward to receiving applications from candidates who meet this requirement.

We are seeking candidates who are naturally curious and have a keen interest in technology and innovation. As we navigate the future, we value individuals who are eager to stay updated with the latest digital trends and advancements. The ideal candidate should demonstrate a proactive approach to learning and adapting to new tools and technologies, especially Artificial Intelligence (AI) powered tools, showcasing a forward-thinking mindset that aligns with our vision for growth and progress.

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Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us. Let’s care for tomorrow.

Allianz Trade is the trademark used to designate a range of services provided by Euler Hermes. We are the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Headquartered in Paris, we are present in more than 50 countries with 5,500 employees. In 2021, our global business transactions represented 931 billion Euro in exposure.

We at Allianz believe in a strong inclusive culture that encourages people to speak their minds, get involved and question the status quo. We are proud to be an equal opportunity employer and encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love, or what you believe in. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability, sexual orientation, or any other characteristics protected under applicable local laws and regulations. Great to have you on board. Let's care for tomorrow.