At a Glance
- Tasks: Join a dynamic team to evaluate and manage credit opportunities in global markets.
- Company: Allianz Trade, a leader in trade credit insurance with a strong inclusive culture.
- Benefits: Enjoy hybrid working, health plans, life assurance, and employee share incentives.
- Other info: Be part of a supportive environment that values curiosity and personal growth.
- Why this job: Make an impact in finance while working with innovative AI tools and a global team.
- Qualifications: Degree in finance or related field; experience in structured finance preferred.
The predicted salary is between 59400 - 72600 £ per year.
Allianz Trade Specialty Credit is seeking a Credit Associate / Underwriter, a position to be based in London, with experience in Corporate Finance &/or Structured Credit in order to work in the deployment and the steering of its credit portfolio, on an unfunded and funded basis. This team player will be part of a dedicated credit team, which has to identify, review & underwrite credit opportunities originated through Specialty Credit 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 portfolio.
He/she will have experience as Credit Analyst, Portfolio Manager or Underwriter in Banks, Trade Credit Insurance, Export Credit Agencies/Multilaterals or in Single-risk Medium Term Credit Insurance Departments with preferably a focus on Sovereign Risk 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 will be located in London, United Kingdom and work 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.
- Review of credit transactions: Evaluate and monitor the credit risk associated with 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 origination team on deals and participate to market meeting 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 to the management of existing “live” portfolio through appropriate risk monitoring, propose mitigation and implement if/when appropriate. Handle waiver requests, input into regular credit reviews.
What we are looking for:
Qualifications:
- University degree preferably at Masters level. Recognized financial analyst qualifications would be advantageous.
- At least 3-5 year-experience (Internship / Apprenticeship included) in Structured Finance (preferably in Project Finance or Export Finance) or Trade Credit Insurance, Banking Industry, or/and Multilaterals or/and ECAs or/and in Single-risk Medium Term Credit Insurance Department, preferably with an exposure to Corporates & 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.
- Proficiency in reviewing and commenting on loan documentation (including complex legal structures).
Preferred skills:
- Flexibility and ability to work under time constraints and in dynamic and entrepreneurial environment.
- Ability to work in a multicultural environment - Fluent in English.
- Good geopolitics culture including emerging markets.
- Experience in Project/Export Finance will be appreciated.
- 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.
Credit Underwriter 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 Credit Underwriter
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
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.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Allianz. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace 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.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Allianz'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
✨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.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Allianz 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 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.
