Portfolio Underwriter

Job description

Role Description   

Allianz Personal Broker have a new opportunity for a Portfolio Underwriter, you can work from our Brentwood, Guildford or London offices on a hybrid basis. This will be one day per week in the office and one day per month within the London office.

 

As our Portfolio Underwriter, you will contribute towards the delivery of Key Performance Indicators (KPIs), through the underwriting and analysis of relevant products in the market, whilst maintaining technically excellent standards and building up relationships with both internal and external customers.. Our Portfolio Underwriters handle complex portfolios, upholding underwriting authority at all times and delivering excellent service to our customers. 

 

You'll participate in the Global P&C Academy accreditation, enhancing your skills in underwriting, risk engineering, pricing, and claims management while exchanging best practices across the Allianz Group. Furthermore, for pricing-based roles, Allianz Insurance offers a generous study package to enable the actuarial qualification to be obtained through the Institute and Faculty of Actuaries in the UK.

Our team values continuous learning, you can enjoy free access to top training platforms like DataCamp, Databricks Academy, and LinkedIn Learning. Additionally, we host Lunch and Learn sessions on key business topics hosted by experts across the team and monthly insight sessions, including the Data Science Forum and analyst forum, to refine your technical skills.

 

Salary Information

Pay:  Circa £40,000 per year.

Pay is based on relevant experience, skills for the role, and location. Salary is only one part of our total reward package.

 

About You  

As the Portfolio Underwriter you will be responsible for;

·  Adhering to Underwriting Authority and having an awareness of the impact portfolio decisions have on Profit and Loss and the achievement of plan.
·  Delivering KPI targets to deliver the high level line of business strategies.
·  Providing technical knowledge and insight to internal & external stakeholders
·  Ensuring up-to-date knowledge and understanding of all relevant compliance and regulatory rules and procedures.
·  Handling internal and external customer queries, dealing with them in an efficient, practical and professional manner, both verbally and in writing.
·  Providing feedback and insight about our products to assist in the development and maintenance of the product.
·  Liaising with all other appropriate internal parties including Sales and Distribution, Pricing and Reporting, Claims and Operations.

 

Essential Skills

To be successful in this role you will have;

·  Proven ability to analyse large amounts of data across multiple platforms in order to produce portfolio recommendations for underwriting rules, classifications and price point
·  Proven ability to understand key underwriting concepts and principles.
·  Proven experience of negotiation and influencing skills.
·  Understanding of the key elements of regulation and legislation that exist within the general insurance market place.
·  Understanding of the skills and tools required for effective analysis and has the ability to use these to propose relevant changes
·  Understanding of the skills and tools required for effective Underwriting and has the ability to use these key skills to underwrite risks profitably.
·  Understanding internal and external provider processes and how this may impact on product delivery and performance.
·  Awareness of causes and costs of claims and risk management tools and their application.
·  Awareness of relevant legislation by Line of Business.
·  Expert level knowledge of Excel and working knowledge of SAS/ SQL/ Radar/ Databricks & PowerBI
·  Full working knowledge of Microsoft Word and Outlook.
·  Excellent interpersonal, communication and negotiation skills.
·  Awareness of client/broker classification plus competitors, comparable products and pricing.

 

  What We Will Offer You   

 

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including: 

 

·  Flexible buy/sell holiday options 
·  Hybrid workig
·  Annual performance related bonus 
·  Contributory pension scheme 
·  Development days 
·  A discount up to 50% on a range of insurance products including car, home and pet 
·  Retail discounts  
·  Volunteering days

 

Our Ways of Working  

Do you need flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

 

Diversity & Inclusion  

At Allianz, we prioritize diversity and inclusion, demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community’s Race at Work Charter signatories, and Armed Forces Covenant gold standard employer. 

We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success. 

We encourage our employees to advocate for their needs, whether it’s assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements. 

 

Accessible Application for All  

As part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role.

Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.

Hr-recruitment@allianz.co.uk

For any inquiries or to submit your application, please contact: Matthew Mckevitt

 

We reserve the right to close the ad early if we reach enough applications.

 

Closing date 24/04/25

 

Join us - Let’s Care for Tomorrow.  

 

Join us - Let’s Care for Tomorrow