At a Glance
- Tasks: Lead a credit underwriting team and evaluate exciting financial projects.
- Company: Join Allianz Commercial, a global leader in trade credit insurance.
- Benefits: Enjoy hybrid working, health plans, and employee share incentives.
- Other info: Be part of a diverse team that values innovation and growth.
- Why this job: Make impactful decisions in a dynamic, inclusive environment.
- Qualifications: 5-10 years in credit analysis with strong analytical skills required.
The predicted salary is between 63000 - 77000 £ 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.
Summary of Role: Allianz Trade Specialty Credit Mid Term is seeking a Senior Credit Underwriter, a position to be based in London with experience in Export Trade Finance &/or Structured Credit in order to work in the deployment and the steering of its credit portfolio. This Senior Credit Underwriter will be responsible for a dedicated credit underwriting team, which has to identify, review & underwrite credit opportunities originated either through Specialty Credit Mid Term regional hubs located in London, New York, Singapore and Paris. This position will also play a key role in the construction and the effective management of Specialty Credit Mid Term portfolio.
He/she will have a strong 5/10-year experience as Credit Analyst in Banks, Trade Credit Insurance, Export Credit Agencies/Multilaterals or in Single-risk Medium Term Credit Insurance Departments with preferably a focus on Trade Finance and/or Project Finance. The ideal candidate should demonstrate a proactive approach to learning and adapting to new tools and technologies, especially Artificial Intelligence (AI) powered tools, showcasing a forward-thinking mindset that aligns with our vision for growth and progress. The position is part of a 20-plus credit team located in London, United Kingdom and works in cooperation with an international global team.
Main Responsibilities:
- Support provided to origination team:
- Support the origination team to pre-screen and identify bankable projects, and to grow and develop new business transactions.
- Actively contribute to set-up and develop worldwide-insured portfolio of sovereign and private obligors (Corporates and Financial Institutions) mainly located in emerging markets with a particular focus on Export & Trade Finance or Project Finance transactions.
- Lead on credit transactions:
- In full autonomy, evaluate and monitor the credit risk associated with loans and insurance cover inquiries.
- Conduct in-depth sectorial, financial and legal risks analysis on the transaction and the related obligor in liaison with our country risk analysts and according to the tenor requested.
- For more complex transactions and structured finance (pre-export finance, aircraft financing, project finance and Reserve-Based lending...), conduct a critical assessment on the project and the financing scheme.
- Actively exchange with the origination team on deals and participate in market meetings and/or calls on related transactions when relevant.
- Decide within a risk authority level according to seniority and/or submit to Credit Committee for large underwriting decisions.
- Implement underwriting principles in accordance with Allianz Trade risk governance.
- Portfolio/Risk Management:
- Take active part in the management of existing "live" portfolio through appropriate risk monitoring, propose mitigants and implement if/when appropriate.
- Handle waiver requests, input into regular credit reviews.
- Expertise sharing:
- Take the lead in knowledge sharing within Specialty Credit and actively train the team on its credit expertise.
- Sharing of practice with the industry or product community. Initiate collaboration and share expertise as a subject matter expert, providing advice, peer review and contribution.
- Participate in conferences, and undertake market analysis when relevant.
What we are looking for:
- University degree preferably at Masters' level. Recognised financial analyst qualifications would be advantageous.
- 5-10 year experience in Trade Credit Insurance, Banking Industry, or/and Multilaterals or/and ECAs or/and in Single-risk Medium Term Credit Insurance Department (CPRI), preferably with an exposure to Corporates, Infrastructure & Trade Finance.
- Strong analytical skills (corporate & financial, sectorial, ESG and political risk as well as transactional analysis) & exposure to corporates in a variety of sectors.
- Ability to make credit decisions.
- Proficiency in reviewing and commenting on loan documentation (including complex legal structures).
- Flexibility and ability to work under time constraints and in a dynamic and entrepreneurial environment.
- Ability to work in a multicultural environment - Fluent in English.
- Good geopolitical culture including emerging markets.
- Leadership skills, Team spirit and keen to investigate new products/transactions.
What We Offer:
- Life Assurance: Secure your future with our comprehensive life assurance plan.
- Health Cash Plan: Access to a health cash plan to support your well-being.
- Income Protection: Financial security in case of unforeseen circumstances.
- Hybrid Working: Flexibility to work both remotely and in-office.
- Employee Share Incentive Plan: Opportunity to participate in our share incentive plan.
- Insurance Discounts: Various discounts on insurance through the Allianz Partnership.
- Additional Benefits: And much more to support your personal and professional growth.
We are seeking candidates who are naturally curious and have a keen interest in technology and innovation. As we navigate the future, we value individuals who are eager to stay updated with the latest digital trends and advancements. The ideal candidate should demonstrate a proactive approach to learning and adapting to new tools and technologies, especially Artificial Intelligence (AI) powered tools, showcasing a forward-thinking mindset that aligns with our vision for growth and progress.
Senior Credit Underwriter employer: Allianz Commercial
Allianz Commercial is an exceptional employer, offering a dynamic work environment in the heart of London where finance professionals can thrive. With a strong emphasis on employee growth and development, you will have access to extensive training opportunities and be part of a collaborative global finance community that values innovation and informed decision-making. The company's commitment to fostering a supportive culture ensures that your contributions are recognised and rewarded, making it a truly rewarding place to advance your career.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Credit Underwriter
✨Tap into Campus Networks
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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We think you need these skills to ace Senior Credit Underwriter
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Allianz Commercial.
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Research and Reflect:Before hitting that 'apply' button on Allianz Commercial's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Allianz Commercial
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Allianz Commercial.
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✨Show Your Passion for Finance
Since this is a full-time position, employers at Allianz Commercial will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Allianz Commercial employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
