Underwriter jobs in South Africa

Sector: Banking and Financial Services, Insurance
Role: Manager
Contract Type: Permanent
Hours: Full Time

The Impact You Will Have
At Allianz Commercial, we combine specialist expertise and global reach with high levels of AA rated underwriting capacity to industry specific exposures. This allows us to establish a reputation as leaders of some of the largest and most complex Financial Institutions risks in the market.
Reporting directly to the Regional Head of Financial Institutions, Regional Unit London, you will deliver clear underwriting strategies for the Regional Unit London teams. You will have ownership of selected key/large accounts. You will also share your expertise and train staff.

Some of your specific responsibilities could include:

1. Assist and develop targeting strategy for new opportunities in Financial Institutions.
2. Train, develop and coach less experienced employees.
3. Underwrite large new and renewal accounts to meet top and bottom-line targets.
4. Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity.
5. Underwrite in line with Financial Institutions governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles.
6. Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary).
7. Positively represent Allianz Commercial externally to the market and encourage more junior team members to raise their own profile and that of the team.

What You'll Bring to the Role

1. You have at least 5 years' experience underwriting profitable business in the Financial Institutions segment of large corporate international insurance.
2. Ideally you are CII qualified or equivalent or working towards it.
3. You have recognised relationships with clients and brokers at peer group level and are well established within your reference market.
4. You have a specialised understanding of regional / national Financial Institutions insurance markets and the competitor landscape.
5. You are able to negotiate effectively achieving the best outcome for your portfolio while maintaining positive business relationships with your clients and brokers.
6. You are capable of leveraging data and analytics to make business more efficient and effective.
7. You have a good understanding of the legal and regulatory framework.
8. You can design, develop and implement consistent, robust wordings for contracts.
9. You are able to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals.
10. You are able to work in a complex matrix and international organization.

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.
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
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.
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. Allianz Commercial helps customers to prepare for what's ahead.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture.

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.