Summary of Role:
The Junior Commercial Underwriter supports the growth and quality of the Specialty Credit Mid Term (SC MT) portfolio by assisting the team of commercial and senior commercial underwriters throughout the full commercial underwriting process from deal origination to policy issuance ensuring accuracy, efficiency, and alignment with internal risk criteria.
This role requires basic underwriting knowledge, ideally with experience in the Credit and Political Risk Insurance (CPRI) market and/or the banking sector, though this is not essential.
Main Tasks:
- Support the origination of deals by liaising with brokers and clients
- Support underwriters on a broad scope of tasks including collecting information, redacting memos, and inputting data into the SC MT in-house tools
- Support underwriters in selecting opportunities based on Allianz Trade / SC MT underwriting criteria
- Handle the commercial underwriting process in coordination with the risk underwriting team
- Support the development of the business by providing clients with solutions within the framework of Commercial Underwriting rules
- Drive growth, long-term quality, and profitability of the portfolio
- Support the approval of terms and conditions for tailor-made solutions within delegated authorities
- Support the review of contractual documentation and negotiate specific wordings with brokers and clients
What we are looking for:
- Good understanding of credit insurance mechanisms and bank products
- Good understanding of trade-related financings for corporates, from Trade Finance to Export Finance products, and knowledge of banking transactions
- Understanding of the CPRI market and the banking industry
- Very good geopolitical awareness, including knowledge of emerging markets
- Experience in credit insurance or the political risk market and/or the banking sector (not essential)
- Strong organisational and communication skills with efficient work practices
- Proven ability to work as a team player, contributing positively to a collaborative environment and supporting colleagues across Commercial and Risk Underwriting teams
- Fluent English; a second language would be welcome
- Proficiency in Microsoft Excel (including basic formulas, data manipulation, and tables) and PowerPoint (structure, storytelling, and slide design)
- Familiarity with AI productivity tools and modern software solutions to support analysis, memo preparation, and workflow optimisation
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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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.
