Credit and Political Risk Underwriter

Allianz; Greater London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company in Greater London seeks an experienced Credit and Political Risk Underwriter to join their Specialty Credit team. This role involves underwriting specific risks and developing business opportunities in the field. Candidates should have substantial experience in the credit and political risk market with strong organizational skills and the ability to thrive in a collaborative setting. The position also offers hybrid working and various employee benefits.

Benefits

Life assurance

Health cash plan

Income Protection

Hybrid Working

Employee Share Incentive Plan

Various discounts on insurance

Qualifications

• Experience as a Political and Commercial Underwriter or relevant banking experience.
• Good understanding of the PRI market and banking industry.
• Very good geopolitical culture regarding emerging markets.

Responsibilities

• Originate transactions by liaising with brokers and clients.
• Handle the commercial underwriting process in coordination with the risk underwriting team.
• Approve terms and conditions of tailor-made solutions.

Skills

Relevant experience in credit insurance or political risk market

Knowledge of banking products

Strong organizational skills

Fluent in English

Good understanding of trade-related financings

Job description

The Role:

We are seeking a dedicated and experienced Credit and Political Risk Underwriter to join our Specialty Credit team. This role involves underwriting specific risks in accordance with the underwriting guidelines applicable to the Specialty Credit team. The ideal candidate will have substantial experience in the Credit and Political Risk market and/or extensive banking experience, and will thrive in a collaborative team environment.

Main Tasks:

• Originate transactions by liaising with brokers and clients to identify potential opportunities.
• Select opportunities based on Allianz Trade/Specialty Credit underwriting criteria.
• Handle the commercial underwriting process in coordination with the risk underwriting team.
• Develop business by providing clients with solutions within the framework of Commercial Underwriting rules.
• Drive growth, long‑term quality, and profitability of the portfolio.
• Approve terms and conditions of tailor‑made solutions within established authorities.
• Review contractual documentation and negotiate specific wordings with brokers and clients.

Experience Required:

• Relevant experience in the credit insurance or political risk market and/or banking sector.
• Experience as a Political and Commercial Underwriter, or relevant banking experience.
• Knowledge of credit insurance mechanisms and banking products.
• Good understanding of trade‑related financings for corporates, from Trade Finance to Export Finance products, and knowledge of banking transactions.
• Good understanding of the PRI market and banking industry.
• Good knowledge of market wordings.
• Very good geopolitical culture, including knowledge of emerging markets.
• Strong organizational and communication skills, along with efficient work practices.
• Fluent in English.

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

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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