Surety & Guarantee Risk Underwriter
GR
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.
What you should know before applying
At Allianz, we are committed to ensuring a fair hiring process and minimizing unconscious bias during the screening phase. In 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 city of birth or residence when submitting the CV.
Your challenge
As a Risk Underwriter in the Surety team, you support the execution of Allianz Trade Greece’s Guarantees strategy. Based in Athens and reporting to the Head of Surety, you are involved in the execution of transactions for Letters of Guarantee for new and existing clients. In addition, you handle operational aspects of the department, ensuring compliance with Group underwriting standards and operational procedures while delivering excellent service to our clients
What you will do
- Maintain and update the Allianz Trade database to track all Guarantee transactions and related reports. You act as a key control point before and after each guarantee is issued.
- Perform the underwriting process for both existing and new business, in collaboration with Senior Underwriters.
- Build and maintain strong relationships with clients and intermediaries focusing on service quality.
- Aim for maximum retention & utilization of client facilities according to the commercial strategy per client, in collaboration with the Senior members of the team
- Execute and manage incoming & outgoing fronting requests from/to other business units (BUs).
- Join selected client and broker meetings to establish strong relationships and effective collaboration
- Coordinate with Finance to reconcile data and manage operational matters
- Perform manual invoicin
You are the ideal candidate if you…
- Understand the Guarantees business and have strong technical knowledge of related products and processes, including key players, practices, and regulatory context.
- Understand macroeconomic developments and can connect them with the Guarantees business landscape in Greece.
- Collaborate effectively with brokers and clients, law firms and internal teams
- Assess guarantee transactions critically, with a broad understanding of how different aspects impact a guarantee limit or deal
Qualifications & Skills Needed
- Master’s degree in business, Finance, Economics, or a related field.
- Minimum 4 years of experience in a similar role, ideally within financial services, insurance, or banking.
- Familiarity with guarantee instruments, underwriting processes, or credit risk management is a strong plus
- Strong Excel and Outlook skills; experience with AVALIS is a plus.
- Knowledge or broader understanding of KYC, sanctions screening, and compliance procedures.
- Detail-oriented, organized, and proactive with strong communication skills.
- Fluent in Greek and Business English
- Allianz Trade embraces innovative technologies, utilizing artificial intelligence and AI-powered tools. We encourage candidates with a basic understanding of commonly used platforms, as well as awareness of best practices and potential risks associated with AI in the workplace, to apply.
Why work with us?
Discover a flexible and inclusive environment where your peace of mind and personal style truly matter.
Work Environment and Culture: Dynamic, multinational work environment recognized as a "Best Place to Work"; Newly renovated office space, award-winning design; Your own Onboarding Buddy
Work-Life Balance and Flexibility: 7-hour workday on Fridays; Hybrid working model, Home Office Working Allowance, and opportunity to work from abroad certain days a year; Flexible work schedule; Extra days of annual leave, plus special “birthday leave” to celebrate your most important date with your loved ones
Health and Well-being: Private Health Insurance coverage, including dental and eye care, for you and your family; Employee Assistance Program 24/7/365 to support your and your family’s psychological well-being; Monthly wellbeing activities
Financial: Voluntary Pension Plan with additional employer contributions; Employee Stock Purchase Plan which gives you the opportunity to purchase Allianz Shares with 33% deduction; Monthly Nursery Allowance; Rewards offered for successful recommendations of new colleagues
Tools: Corporate laptop and iPhone; Unlimited access to LinkedIn Learning, Udemy, and more platforms
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
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Certified as a Great Place to Work, Allianz Trade is recognized for its focus on Diversity, Equity, and Inclusion (DEI) issues and for promoting a hybrid work environment that best integrates in-person and smart working modes.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We 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 or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Join us. Let's care for tomorrow.
