Credit and Political Risk Underwriter

Allianz Trade UK is looking for a Commercial Underwriter to join our London (Gracechurch Street) Specialty Credit team.

Reporting to the Specialty Credit Head of Region, you will be responsible for underwriting specific risks on the basis of the underwriting guidelines applicable to the Specialty Credit team and the growth strategy.

What you will do:

1. Originate transactions liaising with brokers and clients;
2. Select opportunities based on Allianz Trade / Specialty Credit underwriting criteria;
3. Handle the commercial underwriting process, in coordination with the risk underwriting team;
4. Develop business by providing clients with solutions in frame of Commercial Underwriting rules;
5. Drive growth, long-term quality and profitability of portfolio;
6. Approve terms and conditions of tailor made solutions within authorities;
7. Review contractual documentation and negotiate specific wordings with brokers and clients.

What you will bring:

A relevant experience in credit insurance or political risk market and/or banking sector including:

1. Experience as a Political and Commercial Underwriter, or relevant banking experience;
2. Knowledge of credit insurance mechanisms and banking products;
3. Good understanding of trade related financings for corporates from Trade Finance to Export Finance products and knowledge of banking transactions;
4. Good understanding of the PRI market and banking industry;
5. Good knowledge of markets wordings;
6. Very good geopolitical culture including on emerging markets;
7. Strong organisational / communication skills and efficient work practices.

Nice to have:

1. Fluency in a second language.

What we offer:

1. Life assurance;
2. Health cash plan;
3. Employee Share Incentive Plan;
4. 50% on your Car Insurance and up to 25% on Home Insurance through Allianz Partnership;
5. and much more!

As part of our commitment to a transparent and efficient hiring process, we kindly ask you to share your current and expected compensation as part of your application. This information helps us ensure that the role aligns with your expectations and our budget from the outset. By providing these details, we can ensure that this opportunity suits your needs and expectations before progressing your application. Thank you for your understanding and cooperation.