Senior Underwriter Construction

We are looking for a Senior Underwriter Construction, based in London.

Your Team

Allianz Commercial specialises in providing comprehensive and customised insurance services and solutions for clients across the whole construction industry and as industrial specialists have a long-standing tradition of supporting our clients in respect of their construction risks placed in the London market and elsewhere in the world on both a lead and follow basis.

Allianz Commercial's highly experienced underwriters have a proven track record of finding flexible solutions to the challenges brokers and their clients face. We have expert global construction insurance teams who are backed up by Allianz Commercial's market leading capacity and our ability to underwrite risks in over 200 countries and territories. Our underwriters are also able to deploy significant capacity on a global scale.

The Impact You Will Have

Reporting to the Regional Head of Construction, you will underwrite profitable new and renewal business to meet the Construction line of business target in accordance with underwriting guidelines and underwriting authority. You will negotiate terms and conditions and take ownership of your own key accounts/clients as well as develop and maintain strong relationships with our broking and client partners in co-ordination with our distribution / client relationship team.

Some of your specific responsibilities will include:

• Underwrite new and renewal accounts to meet top and bottom-line targets in line with Underwriting Guidelines.

• Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of nat cat scenarios.

• Ensure contract certainty is achieved on all accounts at time of inception.

• Ensure utilisation of global pricing tools.

• Support development and execution of regional Underwriting strategy for the Line of Business (LoB) and support key business initiatives.

• Maintain and generate new client and broker relationships.

• Contribute to internal key projects.

• Ensure file is established (whether electronic or paper) and maintained for each risk and transaction.

• Assist with the learning and development of more junior team members

• Proactively support completion of policy administration and credit control processes.

• Positively represent Allianz Commercial externally to the market.

What You'll Bring to the Role

• A minimum 5 years' proven track record in Underwriting profitable Construction business. In depth understanding of LoB products and portfolio. In depth understanding of regional/local LoB insurance markets and competitor landscape.

• Demonstrable, established relationships with brokers at peer group level.

• Preferably a degree in Insurance, Risk Management, Finance, Engineering or other appropriate discipline.

• Ability to assess risk inherent exposures and natural hazards relevant to line of business.

• Ability to portfolio manage and analyse trends and loss scenarios.

• Excellent analytical skills to analyse highly complex data, from multiple sources.

• Excellent communication skills with the ability to persuade and motivate others.

• Ability to utilize AI tools to support day-today tasks, improve efficiency, and contribute to data-driven decision-making

81361 | Underwriting | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent