Senior Commercial Underwriter

Euler Hermes UK - London; London; Hybrid; GBP 40,000 - 70,000; Full time

Job summary

A leading insurance company seeks a candidate to support their Surety & Guarantee portfolio, ensuring sustainable growth through risk analysis and management. This position involves interacting with stakeholders, proposing risk strategies, and ensuring compliance with reporting requirements. The ideal candidate will demonstrate strong knowledge in risk management and the ability to build networks in a dynamic environment.

Benefits

Generous pension contributions

Health cash plan

Employee share ownership plans

Hybrid working options

Life assurance and long-term protection

Qualifications

• Proven understanding of Surety & Guarantee dynamics.
• Capability to interact and build relationships with stakeholders.
• Innovative thinking in risk solution proposals.

Responsibilities

• Support management and underwriting of Surety & Guarantee portfolio.
• Analyse and prepare large & sensitive risk reports.
• Participate in underwriting decisions.

Skills

Risk management

Risk analysis

Networking

Stakeholder negotiation

Education

Experience in Surety & Guarantee business

Job description

What you do

You'll contribute to the achievement of profitable and sustainable growth in the framework of Allianz Trade's Surety & Guarantee strategy, including segregation of underwriting duties through qualitative and quantitative analysis of Surety & Guarantee risks.

You'll be required to support the management and underwriting of the Surety & Guarantee portfolio, identifying opportunities to increase business and support the management of larger and more sensitive risks.

You'll contribute to the ongoing risk plans, including:

• Analysing the position of each individual large & sensitive risk in accordance with the Allianz Trade group reporting requirements.
• Identifying and proposing the appropriate risk strategy.
• Overseeing the completion of monthly Sensitive Risk Report
• Representing Surety & Guarantee at internal Risk Committees
• Providing analysis of risk implications of new ar eas and sector developments.
• Preparing & review risk reports.
• Participating in underwriting decisions in accordance with the Allianz Trade Group Surety & Guarantee Authority Matrix.

What you bring

• A demonstrated understanding of Surety & Guarantee business including the specific dynamic of business with an emphasis on risk management.
• An ability to build networks with close contacts to market players and opinion leaders
• An in-depth understanding of contractual situations
• Demonstrated innovative thinking in proposal risk solutions
• An ability to interact with all levels, internally & externally
• An ability to convince stakeholders in negotiations
• An ability to understand complex business situations from a Surety & Guarantee risk perspective & the commercial implications
• The skill to build long-term relationships in a changing and challenging business environment.

What we offer

We offer a competitive package including:

• Generous pension contributions to secure your financial future
• Health cash plan that contributes to everyday healthcare costs to support your wellbeing
• Health assessments to help you maintain optimal health
• Employee share ownership plans to offer the opportunity to become a shareholder and share in our company's success
• Life assurance and permanent health insurance plans to provide peace of mind and long-term protection for you and your family
• Hybrid working, combining office & working from home to support your work-life balance
• A holiday policy which allows you to buy and sell days to tailor time off to suit your personal & professional needs
• Discounts on Allianz insurance products, including pet, home, car and travel insurance ensuring comprehensive cover at reduced cost.

As part of our commitment to a transparent and efficient hiring process, we kindly ask you to share your current and expected compensation as part of your application. This information helps us ensure that the role aligns with your expectations and our budget from the outset. By providing these details, we can ensure that this opportunity suits your needs and expectations before progressing your application. Thank you for your understanding and cooperation

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.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We 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.

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.

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Created on 25/06/2025 by TN United Kingdom