At a Glance
- Tasks: Coordinate fronting activities, negotiate commercial terms, and manage complex data flows.
- Company: Join Allianz Group, a trusted leader in insurance and asset management.
- Benefits: Inclusive workplace, competitive salary, and opportunities for professional growth.
- Other info: Work in a culture of integrity, fairness, and inclusion.
- Why this job: Make an impact in a dynamic environment while developing your analytical and relationship-building skills.
- Qualifications: Bachelor's degree and experience in insurance or reinsurance; strong analytical and data management skills.
The predicted salary is between 54000 - 66000 £ per year.
Locations- Munich, Dublin, London (Bishopsgate)About the role The successful candidate will act as a central point of coordination for various fronting-related activities within UW function – from inputting into negotiation of commercial terms with partners, to driving governance and process improvements, to understanding and managing complex fronting data flows.
The role requires someone who combines strong relationship-building skills with a meticulous, detail-oriented approach to data.
What you will do Fronting Governance Implementation & Process Be a key driver in the design and implementation of an appropriate Fronting Governance Model across the business, in collaboration with key stakeholders including Group UW, Finance, and Insurer Network Management.
implementation of best-practice processes.
take ownership of driving cross-functional implementation of these improvements.
Identify key commercial risks, establish corresponding controls, and ensure ongoing monitoring of both risks and controls.
Fronting Data Analysis, Structuring & Reporting Take full ownership of understanding end-to-end Fronting Data and Reporting processes (both incoming and outgoing data flows).
Analyse, structure, and reconcile fronting data to ensure accuracy, completeness, and consistency across systems and stakeholders.
Conduct feasibility and impact analyses of new as well as changes to existing Fronting Data flows and data ingestion processes into UW/Pricing BAU processes, working jointly with relevant business stakeholders.
Own the reporting requirements to and from fronting partners, including report definition, data quality assurance, and ownership of data transfers.
Input to Commercial Terms Act as the single point of contact for Commercial Terms of Fronting Agreements across the business.
Provide substantive input into the annual renegotiation of commercial terms and conditions with existing and new fronting partners and captive contracts, ensuring the best outcome for Allianz while remaining competitive in the market.
What you will need Bachelor's degree in a related field, e. g.
Business, Finance, Actuarial, etc.
Years Work Experience around insurance fronting, captive, reinsurance contracts within the insurance or reinsurance industry.
Experience working in a large, complex, global financial services organisation.
Strong analytical capability with the ability to understand, structure, and reconcile data sets independently.
Excellent knowledge of MS Office (particularly Excel for data analysis; Solid understanding of data flows (incoming and outgoing) and the ability and detail-orientation to identify and resolve data quality issues.
Experience with data reconciliation processes and reporting frameworks, as well as SQL, is a plus.
Meticulous attention to detail, particularly when working with data, contracts, and governance documentation.
Ability to manage multiple workstreams simultaneously while maintaining quality and meeting deadlines.
AI Readiness- Work effectively in an environment shaped by artificial intelligence (AI), machine learning, data, analytics and cloud-based tools, using insights responsibly with our standards of data governance, security and ethical use.
We only work with partners on our approved supplier lists, under contract. 106560 | Underwriting | Professional | Allianz Partners | Full-Time | Permanent Allianz Group is one of the most trusted insurance and asset management companies in the world.
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.
Let's care for tomorrow.
Commercial Manager Full Time in Croydon employer: Allianz
Allianz Commercial is an exceptional employer, offering a dynamic and inclusive work culture that prioritises employee growth and development. With a strong focus on career advancement through tailored training programmes and flexible working options, employees can thrive in their roles while enjoying a comprehensive benefits package. The home-based nature of the Senior Risk Control Surveyor position, combined with opportunities for travel across the UK, allows for a unique work-life balance and the chance to engage directly with clients in diverse environments.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Manager Full Time in Croydon
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Allianz). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Allianz. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Commercial Manager Full Time in Croydon
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Allianz.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Allianz. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Allianz
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Allianz to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Allianz, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Allianz's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.