Natural Resources Underwriter - Onshore Energy (Downstream Energy, Power & Renewables) (m / f / d)

We are looking for an Onshore Energy Underwriter, with a cross-class focus on Downstream Energy, Power, and Renewables, based in London. Your Team The Onshore Energy Team is part of the wider Natural Resources Team in London. Our team of 14 is committed to providing an environment where you will have a sense of belonging whilst continuing to develop your skills and gain experience within one of the most respected insurance companies globally. The culture of the team as a whole and those within it are extremely important. Our culture is truly global and diverse. We strive to provide our customers with excellent product expertise and services. With the focus on digitalization, we create efficiency and improve customer interaction. The Impact You Will Have As part of our team, you will play a key role in driving profitable growth by underwriting new and renewal business that aligns with our Line of Business (LoB) targets. You'll negotiate terms, pricing, and participation to secure deals that are both competitive and profitable. By taking ownership of key accounts and clients, you'll ensure their needs are met and contribute to long-term success. Building and nurturing strong relationships with brokers and clients will be at the heart of what you do, helping us create lasting partnerships and deliver outstanding service. Some of your specific responsibilities could include:

• You will underwrite new and renewal business to meet profitability targets, negotiating participation, pricing, and terms with brokers.
• You will manage capacity and assess Natural Catastrophe Accumulation using catastrophe models for relevant Lines of Business.
• You will ensure underwriting follows governance frameworks and utilize global pricing tools to ensure accurate pricing.
• You will achieve contract certainty and ensure proper placement of FAC Reinsurance before policy inception.
• You will maintain accurate policy documentation and proactively support policy administration and credit control processes.
• You will help drive new business acquisition and retention by supporting client and broker negotiations.
• You will represent Allianz Commercial positively in the market and build strong relationships with brokers, clients, and key stakeholders.
• You will coach and mentor less experienced staff, helping develop the next generation of talent.
  
  You have a degree in Economics, Law, or a related field, and are progressing towards a professional insurance qualification (e.g. CII).
• You have 3 to 5 years of proven experience underwriting profitable business within your Line of Business (LoB) and a deep understanding of LoB products and portfolio.
• You have strong, established relationships with brokers at a peer level.
• You have a good understanding of regional and local LoB insurance markets, including competitor landscapes.
• You have a clear understanding of the legal and regulatory framework governing the industry.
• You have experience working within a complex, global matrix organization, adapting to various demands and challenges.
• You have experience in risk assessment and management, with the ability to evaluate inherent exposures and natural hazards relevant to your LoB.
• You have excellent analytical skills, enabling you to absorb, analyze, and draw conclusions from complex data.
• You have great communication skills, clearly conveying ideas and messages in both speech and writing.
• You are fluent in English, ensuring smooth communication with global stakeholders.
  
  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., Allianz Commercial is the Allianz Group brand serving the world's largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations' economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.
As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium. Learn more about careers at Allianz Commercial by clicking here. Learn more about Allianz Commercial by clicking here.

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.