Junior Surety Underwriter

Your challenge   

You will be placed in our Milan office, within the Department of Surety, where you will be responsible for the support of the growth of our surety business. You will assess and underwrite surety bond requests for new and existing clients, ensuring high‑quality risk evaluation and contributing to a solid, profitable portfolio.

You will be primarily responsible for the following activities:  

• Assess and underwrite new surety bond requests, analysing financials, business performance and the technical capabilities of the counterparty.
• Apply underwriting guidelines and ensure compliance with internal policies, governance standards and risk appetite.
• Define and validate technical pricing, ensuring consistency and profitability.
• Manage and monitor the surety risk portfolio, identifying trends, exposures and opportunities.
• Collaborate with commercial teams to support business development while maintaining strong risk discipline.
• Contribute to reporting and documentation, ensuring accuracy and transparency in underwriting decisions.

You are the ideal candidate if...   

• Degree in Economics or Law
• 1-2 years  in a similar role within an insurance company or broker.
• Excellent English communication skills.
• Analytical mindset, problem‑solving attitude and the ability to handle complex cases.
• Flexibility, adaptability and a collaborative approach in an international environment.

We utilize Artificial Intelligence powered tools and encourage candidates with a basic understanding of commonly used platforms, as well as an awareness of best practices and the potential risks associated with AI in the workplace to apply. 

Why working with us?   

• Remote working? 10 days per month, plus some days of working from abroad    

• 360° well-being? We care about your health so you can benefit from dedicated support for your psychophysical well-being    

Discover a flexible and inclusive environment where your peace of mind and personal style truly matter.  

Our Values  

Customer and Market Excellence: Unwavering commitment and expertise to provide maximum support to those who rely on us.  

Collaborative Leadership: Valuing people, promoting a culture of feedback and collective well-being.  

Entrepreneurship: Anticipating trends and taking risks in an environment that fosters innovation and responsibility.  

Trust: Acting with integrity, honoring commitments, promoting diversity and inclusion, and acting transparently for corporate social responsibility   

What you should know before applying  

At Allianz, we are committed to ensure a fair hiring process and minimize unconscious bias during the screening phase. At this regard, we ask each candidate to submit their resume including only the essential information for an objective and transparent assessment of skills and experience. For example, It’s preferable to omit the photo or the city of residence before submitting the CV.  

Compensation & Pay Transparency
For this role, the gross annual salary range is €34.000- €40.000, defined based on objective criteria and aligned with our internal pay structure.

The overall compensation package may also include variable components and benefits, in line with company policies.

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Headquartered in Paris, Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk, present in over 40 countries with 5,800 employees.

In 2024, our revenues reached 3.8 billion euros, and we guaranteed 1,400 billion euros of trade transactions worldwide. With sustainability, collaboration, and inclusion at the heart of our values, our workplace culture has earned global recognition — demonstrated by our certification as a Great Place to Work and a Gold Medal from EcoVadis in 2025.

Disclaimer: Allianz Trade is the trademark used to designate a range of services provided by Euler Hermes.

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.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Great to have you on board. Let's care for tomorrow.​