Junior Underwriter, Onshore Energy - Natural Resources

Job Level: Professional

Location:

London, GB, EC2N 3AR

Area of Expertise: Underwriting

Unit: Allianz Commercial

Employing Entity: Allianz Global Corporate & Specialty SE

Job Type: Full-Time

Remote Job: Hybrid working

Employment Type: Permanent

ID: 98407

Position Cluster: Non-Executive

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 a Junior Underwriter in Onshore Energy – Natrual Resources team, based in London. This role will primalry focus on assisting on the Mining Portfolio, however there will also be the opportunity to work on the other product lines within Downstream Energy, Conventional Power and Onshore Renewables. This role will also work closely with the Offshore Energy team, as part of the wider UK Natural Resources team.

Your Team

Our Underwriting team is responsible for reviewing and approving insurance risks within their area of expertise. Each team member has the authority to make decisions and works closely with other departments to make sure policies are processed correctly and on time. They also build strong relationships with brokers, acting as trusted partners and helping them find the best solutions for their clients. It’s a collaborative, fast-moving team where you’ll be supported to grow, take ownership of your work, and make a real impact. If you enjoy working with people and solving problems, this could be the right team for you.

The Impact You Will Have

As a key member of the team, you will take ownership of the underwriting process within your area of expertise, using your authority to make sound, independent decisions. Your work will directly contribute to the profitability and efficiency of the business by ensuring that policies are reviewed, priced, and issued accurately and on time. You will collaborate with other departments to support smooth operations and maintain high service standards. By building and maintaining strong relationships with brokers, you’ll play a vital role in strengthening our market presence and delivering tailored solutions to meet client needs.

Some of your specific responsibilities could include:

Support all underwriting activities within the Onshore Energy line of business
Assist in achieving profitability targets for new and renewal business
Contribute to contract certainty for all accounts at inception, ensuring precision in underwriting processes and procedures
Contribute to the development and execution of the regional underwriting strategy
Collaborate with our Risk Consulting, Claims, Distribution and Operations teams to enhance the overall underwriting process
Prepare management reporting and analytics and ensure high levels of data quality
Foster positive relationships with key clients, brokers and internal and external stakeholders

What You’ll Bring to the Role

You’ll bring prior experience in corporate insurance in the London market, ideally in Onshore Energy or Natural Resources Underwriting. You also bring:

Good understanding of the Onshore Energy insurance market and competitor landscape
Understanding of the policy administration life cycle, information collection, policy issuance, premium bookings and credit control
You have commercial acumen and enjoy building and maintaining relationships with external contacts such as brokers and clients
Awareness of the legal and regulatory environment
Strong communication skills with the ability to collaborate effectively as part of a team
Sense of initiative and willingness to develop technicity
Skilled at data analytics, preparing reports and presentations
Expert proficiency in Excel (eg. pivot tables, V look-up), Power BI and Microsoft Office, and a willingness to learn and explore how AI can enhance your role and the broader organization
A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.

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.

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 matters, 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.

Join us. Let's care for tomorrow.

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 agcsglobalcareers@allianz.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. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.

#LI-LH1

#LI-Hybrid