Job Description

We are looking for a Junior Underwriter, Financial Lines based in Johannesburg.
Your Team
Based in Johannesburg and reporting to Head of Underwriting Financial Lines, you will work closely with clients and brokers to develop personalised solutions as well as developing new relationships. You will be responsible for underwriting profitable new and renewal business to meet Financial Lines targets. Your responsibilities also include negotiating participation, pricing and terms and conditions, acquiring new business and retaining existing business.
The Impact You Will Have
As a Junior Underwriter at Allianz Commercial, you will play a pivotal role in driving our financial lines business forward. Your expertise will directly impact our profitability by securing and renewing high-quality accounts that meet Line of Business (LoB) targets. Through skilled negotiation, you'll optimize participation, pricing, and terms to ensure favorable outcomes. You'll take ownership of accounts and clients, fostering strong, long-term relationships with brokers and clients alike. Your strategic approach and relationship-building skills will be essential in maintaining Allianz's reputation for excellence and in delivering tailored insurance solutions that meet the evolving needs of our diverse client base.
Some of your specific responsibilities could include:
Underwrite in line with Financial Lines governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles.
Ensure contract certainty is achieved on all accounts at time of inception.
Drive involvement of functional areas in Underwriting process, including Market Management, Risk Consulting, Claims, Operations.
Manage referrals from underwriters and re-underwrite complex business as appropriate.
Contribute to the development and execution of regional Underwriting strategy for Financial Lines.
Create and maintain positive relationships with key producers and clients and other relevant stakeholders (e.g. risk managers).
Ensure accurate policy documentation is issued to producers (where it is Allianz Commercial's responsibility to do so) or producers has issued documentation (where producer responsibility).
What You'll Bring to the Role
Previous experience in the Financial Lines LoB in the insurance market is preferred.
Degree-level education or progress towards professional insurance qualification preferred.
Ideally, you have built some relationships with clients and brokers at peer group level.
Sound understanding of the policy administration life cycle, information collection, policy issuance, premium bookings and credit control.
Ability to leverage data, analytics and AI tools to make business more efficient and effective.
Basic understanding of the legal and regulatory framework.
Ability to design, develop and implement consistent, robust wordings for contracts.
Excellent analytical and communication skills.
Ability to work in an international matrix organization.
You embrace agile working and engage in constant learning, to adapt to internal and external customer needs.
78791 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent
What's in it for you?
Let's care about everything that makes you, you
We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.
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 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.
Care to join us?
Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks.Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises.We also cover unique risks such as offshore wind farms, infrastructure projects and film productions.Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.Allianz Commercial helps customers to prepare for what's ahead.
Learn more about careers at Allianz Commercial by clicking .
Learn more about Allianz Commercial by clicking .
Allianz is an equal opportunity employer, and therefore welcomes applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other characteristics protected under applicable local laws and regulations. Diversity of thinking is an important part of our culture.
People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email
Recruitment Agencies:
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.
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