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Junior Underwriter, Energy & Construction

Job Level:  Professional

London, GB, EC3V 0HR

Due Date:  As soon as possible
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate & Specialty
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  7179

Whether it’s airplanes, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Global Corporate and Specialty (AGCS) have got the major risks fully covered when it comes to protecting businesses.


Based in London as part of the Energy and Construction Underwriting team and reporting to the Regional Head of Energy & Construction, you will be responsible for supporting the underwriting of profitable new and renewal business to meet targets regionally, including global elements. Your responsibilities will also include driving data analytics adoption within the team, supporting pricing and exposure analyses, reviewing terms & conditions and supporting the acquisition of new business and retaining existing business.



In this role you will:

  • Support the team of underwriters in their tasks to underwrite and evaluate Energy & Construction exposures contributing to the profitable growth of the book, while developing underwriting knowledge and market profile
  • Support the Regional Head of Energy & Construction with analytics, reporting and administrative tasks
  • Handle the publication and dissemination of data and reports on a weekly and monthly basis
  • Ensure improvements in communication channels and quality of data
  • Analyse the data and escalate any issues as appropriate
  • Increase automation in reporting and tracking systems
  • Ad-hoc tasks to support strategic analysis and decisions
  • Interact with efficiency with all teams involved in the wider Underwriting process, including Distribution, Risk Consulting, Claims, and Operations etc.
  • Work closely with all team members in Energy & Construction, providing assistance, reports, data analytics and technical support as needed


To be successful in the role:

You will ….

  • Be capable of leveraging data and analytics to make business more efficient and effective
  • Have previous experience in a financial services context, ideally in Corporate & Specialty Insurance
  • Have a high degree of expertise with Microsoft Excel and VBA
  • Have a pro-active and positive attitude to team work, able to assist others and also take on your own responsibilities
  • Be keen to develop your technical Underwriting skills


Ideally you will also …

  • be CII qualified or equivalent or working towards it





At AGCS we offer a range of benefits:

  • A hybrid working model, which recognizes the value in a balance between remote and office based working, giving you the flexibility to organize the way you work
  • An exciting and versatile job with an opportunity to work alongside skilled and specialised colleagues from all over the world
  • An environment where innovation and challenging the status quo is encouraged
  • Wellbeing policies and initiatives to support a positive work life balance
  • A competitive compensation and benefits package including a generous bonus scheme 
  • Continuous learning: a large portfolio of continuous learning opportunities to help you stay relevant in your current role, grow into future roles and meet the demands of the workplace
  • Diverse and inclusive culture: you will be accepted for who you are and empowered to use your voice to help others find theirs




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.


Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.


Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Worldwide, AGCS operates with its own teams in 31 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2020, AGCS generated a total of €9.3 billion gross premium globally.


In 2020, AGCS announced a new strategy and transformation program called New AGCS which aims to comprehensively transform the company, creating a mutually beneficial relationship with stakeholders.


This  is  an  exciting  time  to  join  AGCS  as  we  continue  on  our  journey  of  transformation,  regaining  market  leadership  and  achieving  success  together.  You can grow your career through meaningful work supporting our customers, while learning from expert colleagues.


Allianz is an equal opportunity employer and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Diversity of minds is an integral part of Allianz’ company culture.


Let’s care for tomorrow.