Underwriter, Offshore Energy - London, United Kingdom - Allianz Commercial

Allianz Commercial

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Let's care for tomorrow.

Your ambitions. Your dreams. Your tomorrow.

Whether it's aircraft, international business, offshore wind parks or Hollywood film productions, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for an Underwriter, Offshore Energy, based in London.

Your Team
The Offshore Renewables and Upstream Energy Team is part of the wider Natural Resources & Construction Team in London. The risks covered are both the operational and construction of Offshore Renewables and Upstream Energy assets.

Our team is committed to providing an environment where you will have a sense of belonging whilst continuing to develop your skills and gain experience within one of the most respected insurance companies globally.

The culture of the team as a whole and those within it are extremely important. Our culture is truly global and diverse. We strive to provide our customers with excellent product expertise and services. With the focus on digitalization, we create efficiency and improve the customers interaction.

The Impact You Will Have

Reporting to the Underwriting Team Leader, you will evaluate and approve profitable new and renewal business in order to achieve Line of Business (LoB) targets.

You will engage in negotiations regarding participation, pricing, and terms and conditions for insurance coverage as well as taking ownership of accounts and clients, ensuring effective management and satisfaction.

You will also cultivate and sustain relationships with both brokers and clients to foster ongoing collaboration and business development.

Some of your specific responsibilities could include:

Underwrite new and renewal accounts to meet financial targets.
Negotiate participation, pricing, and terms with brokers.
Proactively manage capacity and evaluate Natural Catastrophe Accumulation.
Adhere to Line of Business (LoB) governance framework and utilise global pricing tools.
Ensure contract certainty and accurate policy documentation issuance.
Maintain organised files for each risk and transaction, supporting policy administration.
Proactively engage in business acquisition, client retention, and represent Allianz Commercial externally, while fostering strong relationships with key stakeholders.

What You'll Bring to the Role

Proven underwriting expertise: Demonstrated success in underwriting profitable business within Line of Business (LoB), backed by a minimum of 3 years experience.
Broker relationships: Established and maintained peerlevel relationships with brokers, showcasing a strong network within the industry.
Market understanding: Indepth knowledge of regional and local LoB insurance markets, coupled with a robust grasp of the competitor landscape and legal/regulatory framework.
Global matrix organization experience: Worked effectively in a complex, global matrix organization, showcasing adaptability and versatility.
Risk assessment and management: Proficient in assessing inherent exposures and natural hazards relevant to LoB, emphasizing a proactive approach to risk management.
Pricing and market management: Analytical skills applied to analyze current performance against benchmarks, ensuring alignment with market dynamics, business needs, and customer requirements.
Policy expertise and communication skills: Comprehensive understanding of policy administration life cycle, including contract drafting, interpretation, and effective communication skills to express ideas clearly and influence others in the absence of executive authority.

Additional Information:

Allianz Commercial is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients' needs.

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.

Let's care for your 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.

Let's care for your opportunities to progress

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.

Let's care for life's twists and turns
From our support for flexible working, health and wellbeing (including private healthcare and generous parental lea