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For Companies At a Glance
- Tasks: Manage credit risk and structure innovative insurance solutions in a dynamic trading environment.
- Company: Join Mercuria, a leading global energy and commodity trading company committed to sustainability.
- Benefits: Competitive salary, career growth opportunities, and a chance to impact the energy transition.
- Why this job: Be at the forefront of energy trading while supporting sustainable practices and biodiversity initiatives.
- Qualifications: 5+ years in insurance brokering or underwriting, with strong negotiation and relationship-building skills.
- Other info: Work in a fast-paced environment with a focus on creativity and collaboration.
The predicted salary is between 48000 - 84000 £ per year.
Established in 2004, Mercuria is one of the leading integrated energy and commodity trading companies in the world. We bring energy markets together to support the needs of today by trading, structuring finance, and investing into strategic assets, while generating more than $110 billion in turnover. Our operations span over 50 countries on 5 continents, including all the major energy hubs. We trade physical oil, energy products, environmental products and other commodities from Geneva, London, Singapore, Shanghai, Beijing, Dubai, Houston, Calgary and Greenwich (CT). We are committed to advancing the transition to a more sustainable, affordable and reliable energy system for tomorrow. Over 50% of our assets are in low carbon & energy transition sectors - providing a strong platform to trade these new markets and support decarbonization. In 2023, we established Silvania, a $500 million fund, investing into restoration and protection of nature and biodiversity globally and in support of the Paris Agreement goals & UN 30x30 biodiversity initiative. This new asset class supports nature protection and provides sustainable financial returns.
About the Role
The trading business within the energy industry is fast paced and constantly evolving. To ensure that we fully understand and manage the financial risks of this dynamic business the credit department is an essential team within Mercuria whose role it is to identify, structure, manage and mitigate credit risk. One aspect of credit mitigation is the deployment of credit insurance policies. The nature of the credit insurance policies will be for single name, whole turnover and all insurance products relevant to the business. The scope of the role will cover the breadth of the credit portfolio and the use of credit insurance to support the management of the overall credit exposure for each counterparty. It will work alongside the global credit team to identify and execute credit insurance policies on a fit for purpose basis. Alongside the credit team, the individual will structure, negotiate, and execute tailored insurance solutions aligned with transaction risk profiles, capital efficiency objectives, and risk appetite constraints. The role’s responsibilities will include partnering with traders, credit team, the broader finance organization and maintain strong relationships externally within the insurance industry. The role will require strong communication and interpersonal skills to be able to operate in a dynamic trading environment.
Responsibilities
- The role will be accountable for the management of the credit risk for the business. Specifically, this will include:
- Structure/strategize appropriate insurance solutions for short term & long-term deals including being creative around structures such as portfolios, top-ups, layering and syndication
- Define and execute the overall credit insurance strategy
- Lead presentation of deals to the insurance market
- Coordinate responses between insurance brokers, underwriters and internal stakeholders (traders, deal team, Credit, finance)
- Able to develop capacity for challenging transactions or jurisdictions
- Develop insurance knowledge within the credit team and wider organization
- Responsible for all insurance documentation, reporting and compliance with the obligations of the policies
- Lead on any claims process including notification, documentation, coordination with legal, and recovery management
- Familiar with Metals / Energy markets
Qualifications
- Over 5 years’ experience in insurance brokering or underwriting, preferably covering energy, metals, or structured trade finance exposures
- Ability to build and maintain effective senior relationships with our internal and external counterparties including underwriters, brokers, financing banks
- Deep relationships across the credit insurance market globally
- Strong technical understanding of single risk, whole turnover, portfolio, and structured credit insurance products, including policy wording and claims mechanics
- Ability to interpret and negotiate policy terms, exclusions, and conditions to ensure enforceability and claims defensibility
- Ability to make reasoned risk decisions.
- Ability to work independently and able to meet tight deadlines and overcome barriers to bring negotiations to conclusion
- Good facilitation and negotiation skills
- Understands customer needs and able to respond effectively
- Deep understanding of commodity trading industry and participants.
Required Skills
- Credit insurance structuring and policy negotiation
- Portfolio exposure analysis and capacity optimization
- Claims management and recovery processes
- Stakeholder and market relationship management
Credit Insurance Manager employer: Mercuria
Contact Detail:
Mercuria Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Insurance Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Mercuria. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of credit insurance and the energy market. We want to see that you’re not just a fit for the role but also passionate about what we do!
✨Tip Number 3
Showcase your negotiation skills! Think of examples from your past experiences where you successfully navigated complex discussions. This is key for a role like Credit Insurance Manager.
✨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 our team.
We think you need these skills to ace Credit Insurance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Credit Insurance Manager role. Highlight your experience in insurance brokering or underwriting, especially in energy or metals. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about credit insurance and how you can contribute to Mercuria's mission. Keep it concise but impactful – we love a good story!
Showcase Your Communication Skills: Since strong communication is key for this role, make sure to demonstrate your interpersonal skills in your application. Whether it's through examples in your CV or your cover letter, let us know how you build relationships and negotiate effectively.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at Mercuria!
How to prepare for a job interview at Mercuria
✨Know Your Credit Insurance Inside Out
Make sure you brush up on your knowledge of credit insurance products, especially those relevant to the energy and commodities sectors. Be ready to discuss how you would structure and negotiate policies tailored to specific transaction risk profiles.
✨Showcase Your Relationship-Building Skills
Since this role involves maintaining strong relationships with internal teams and external stakeholders, prepare examples of how you've successfully built and managed these relationships in the past. Highlight your communication skills and ability to work collaboratively.
✨Demonstrate Your Problem-Solving Abilities
Be prepared to discuss challenging transactions you've faced and how you navigated them. This could involve creative structuring or overcoming barriers in negotiations. Show that you can think on your feet and make reasoned risk decisions.
✨Understand the Market Landscape
Familiarise yourself with current trends in the energy and commodity trading markets. Being able to discuss how these trends impact credit risk and insurance will show that you're not just knowledgeable but also engaged with the industry.