At a Glance
- Tasks: Process global fronting operations and optimise Surety processes for business growth.
- Company: Join Allianz Commercial, a leader in insurance and asset management with an inclusive culture.
- Benefits: Gain valuable experience in a supportive environment with opportunities for personal growth.
- Other info: This is a maternity cover role lasting approximately 10 months.
- Why this job: Make a real impact while building relationships with banks and enhancing customer service.
- Qualifications: Experience in banking and strong communication skills are essential.
The predicted salary is between 40000 - 50000 £ per year.
This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.
The role:
The Trade Finance analyst is responsible for processing global fronting operations from all Allianz Trade Business Units. Supports the fronting managers with existing relationships with partner banks. Optimizes and harmonizes fronting processes for Surety with the aim of adding value to business.
Main tasks:
- Timely processes Surety fronting requests, including enquiries, quotations, bond wording acceptances, counter-guarantees, SWIFT messages to banks, SBLC/BG issuances and invoicing.
- Monitors and provides constant updates about application status for the requesting BU's.
- Constantly looks for process improvements and aims for customer service excellence.
- Seeks alignment with Surety U/W, Legal and Finance functions supporting business growth and process optimization.
- Develops fronting reports on fronting deals and banks' portfolio.
- Ensures that fronting processes are followed and data entry is accurate in the system.
- Maintains good relationships with banks.
- Keeps the Fronting Map up-to-date including Allianz Trade's fronting capabilities globally.
Profile:
SOFT SKILLS
- Solid customer-oriented and production management skills.
- Ability to build long-term and collaborative customer and bank relationships.
- High attention to detail.
- Ability to negotiate and hold difficult meetings with stakeholders.
- Effective self-management skills.
- Willingness to support changes when necessary.
HARD SKILLS
- Previous experience with the bank sector.
- Knowledge on exchanging Swift MT700's family messages with banks.
- In-depth understanding of Fronting processes and workflows.
- Excellent English writing and verbal skills.
NICE TO HAVE
- Previous experience with insurance is desirable but not essential.
This opportunity is a maternity leave cover and is expected to last approximately 10 months.
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. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. Join us. Let's care for tomorrow.
Group Surety - Trade Finance Specialist - Fronting (Fixed Term Contract) employer: Allianz Commercial
Allianz Commercial is an exceptional employer that prioritises inclusivity and employee growth, making it a fantastic place for professionals seeking meaningful work in the finance sector. With a strong commitment to fostering a supportive work culture, employees benefit from opportunities for personal development and collaboration within a diverse team. Located in London, Allianz offers a dynamic environment where innovation thrives, and every individual is encouraged to contribute to shaping a better future for customers and the community.
StudySmarter Expert Advice🤫
We think this is how you could land Group Surety - Trade Finance Specialist - Fronting (Fixed Term Contract)
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and insurance sectors, especially those who might know someone at Allianz. A friendly chat can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by researching Allianz's values and recent news. Show them you’re not just another candidate; you’re genuinely interested in their mission and how you can contribute to their success.
✨Tip Number 3
Practice your negotiation skills! Since this role involves dealing with banks and stakeholders, being able to communicate effectively and assertively will set you apart during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the Allianz team.
We think you need these skills to ace Group Surety - Trade Finance Specialist - Fronting (Fixed Term Contract)
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Trade Finance Specialist role. Highlight your relevant experience in banking and fronting processes, and don’t forget to showcase your interpersonal skills – they’re key for building those long-term relationships!
Showcase Your Attention to Detail:In this role, attention to detail is crucial. Use specific examples in your application that demonstrate how you've successfully managed complex tasks or processes in the past. This will show us you can handle the intricacies of Surety fronting requests.
Communicate Clearly:Since excellent English writing skills are a must, ensure your application is clear and concise. Avoid jargon unless it’s relevant to the role, and make sure your points are easy to understand. We want to see your ability to communicate effectively!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll find all the details you need about the position there!
How to prepare for a job interview at Allianz Commercial
✨Know Your Fronting Processes
Make sure you brush up on your knowledge of fronting processes and workflows. Be ready to discuss how you've handled similar tasks in the past, especially when it comes to processing Surety fronting requests and managing relationships with banks.
✨Showcase Your Interpersonal Skills
This role requires solid customer-oriented skills and the ability to build long-term relationships. Prepare examples of how you've successfully negotiated or managed difficult meetings with stakeholders in previous roles.
✨Demonstrate Attention to Detail
Highlight your attention to detail during the interview. You might be asked about how you ensure accuracy in data entry or how you monitor application statuses. Share specific instances where your meticulousness made a difference.
✨Be Ready for Process Improvement Discussions
Allianz values process optimisation, so come prepared with ideas on how you could improve existing fronting processes. Think about any past experiences where you identified inefficiencies and implemented changes that added value.
