Let’s care for tomorrow. Your ambitions. Your dreams. Your tomorrow Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses. We are looking for an Underwriter, Financial Institutions based in London. Your Team Based in London and reporting to Head of Financial Institutions, you will work closely with clients and brokers to develop personalised solutions as well as developing new relationships. You will be responsible for underwriting profitable new and renewal business to meet Financial Institutions targets regionally including global elements. Your responsibilities also include negotiating participation, pricing and terms and conditions, acquiring new business and retaining existing business. The Impact You Will Have As an underwriter at Allianz Commercial, you will play a pivotal role in driving our financial lines business forward. Your expertise will directly impact our profitability by securing and renewing high-quality accounts that meet Line of Business (LoB) targets. Through skilled negotiation, you'll optimize participation, pricing, and terms to ensure favorable outcomes. You'll take ownership of key accounts and clients, fostering strong, long-term relationships with brokers and clients alike. Your strategic approach and relationship-building skills will be essential in maintaining Allianz’s reputation for excellence and in delivering tailored insurance solutions that meet the evolving needs of our diverse client base. Some of your specific responsibilities could include: Underwrite in line with Financial Institutions governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles. Ensure contract certainty is achieved on all accounts at time of inception. Drive involvement of functional areas in Underwriting process, including Market Management, Risk Consulting, Claims, Operations. Manage referrals from underwriters and re-underwrite complex business as appropriate. Contribute to the development and execution of regional Underwriting strategy for Financial Institutions. Create and maintain positive relationships with key producers and clients and other relevant stakeholders (e.g. risk managers). Ensure accurate policy documentation is issued to producers (where it is Allianz Commercial’s responsibility to do so) or producers has issued documentation (where producer responsibility). What You’ll Bring to the Role You have a degree either in Economics, law or other appropriate discipline. You have at least 3 years’ experience as an Underwriter, Broker or relevant equivalent in the Financial Institutions sector. Ideally you are CII qualified or equivalent or working towards it. You have experience underwriting profitable business in the Financial Institutions segment of large corporate international insurance. You have recognized relationships with clients and brokers at peer group level and are well established within the market. You have a specialized understanding of regional / local Financial Institutions insurance markets and competitor landscape. Capable of leveraging data and analytics to make business more efficient and effective. You have a good understanding of the legal and regulatory framework. You can design, develop and implement consistent, robust wordings for contracts. 65557 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent What’s in it for you? Let’s care about everything that makes you, 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. 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 leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back. Let’s care for our society and our planet 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.Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.Allianz Commercial helps customers to prepare for what's ahead. Learn more about careers at Allianz Commercial by clicking here. Learn more about Allianz Commercial by clicking here. 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 agcsglobalcareersallianz.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. 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