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- Tasks: Conduct credit limit reviews and manage risks for trading counterparties.
- Company: Join Prax Group, a dynamic player in the asset management sector.
- Benefits: Enjoy flexible working options and a collaborative team environment.
- Why this job: Be part of a global team making impactful decisions in credit risk management.
- Qualifications: 5+ years as a Credit Analyst with strong analytical skills required.
- Other info: Opportunity to work across international offices in London, Houston, Singapore, and South Africa.
The predicted salary is between 43200 - 72000 £ per year.
We are seeking a Senior Credit Analyst responsible for conducting credit limit reviews across all Prax Group entities. This includes ensuring appropriate credit risk mitigation is in place for trading counterparties, setting and managing credit limits, and analysing risks—particularly for larger, uninsured customers. The role also provides key administrative and analytical support to the Head of Credit Risk and the wider Credit/OTC team.
It involves handling open credit risk requests from our global offices in London, Houston, Singapore, and South Africa. Manage the order release process in line with company policy, ensuring all liabilities are appropriately secured. Monitor, approve, and report on open account credit limits. Ensure credit exposure monitoring systems are effective and that all counterparties operate within approved limits across a diverse portfolio, including UK retail, wholesale, and fuel card customers.
Conduct regular credit reviews for global entities, including those in the USA, Singapore, and South Africa. Manage credit insurance policies, including the notification of overdue accounts and coordination with insurance brokers to obtain required limits. Handle administrative aspects of claims reporting. Evaluate potential transactions for credit risk exposure and recommend appropriate mitigants or alternative structures to reduce or eliminate risk.
Analyse financial statements of counterparties and prepare comprehensive credit reviews, including recommendations on credit limits. Recommend improvements to credit limit monitoring and approval processes where applicable.
Minimum of 5 years’ experience as a Credit Analyst, ideally within a company operating across multiple business streams. Strong understanding of credit insurance policies, including standard terms, conditions, and reporting requirements. Proven experience in credit limit underwriting. Comfortable working in a fast-paced environment, with excellent relationship-building skills across internal departments and external stakeholders.
Knowledge of physical and financial oil trading. Proficiency in analysing financial statements to assess counterparty creditworthiness. Familiarity with commodity trade finance instruments, such as Letters of Credit (LCs), Standby Letters of Credit (SBLCs), and Performance Guarantees. Understanding of commercial insurance policies, including Property Damage & Business Interruption, Environmental Liability, Storage, and Public & Product Liability.
Contact Detail:
Prax Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Asset Management Credit Analyst
✨Tip Number 1
Familiarise yourself with the specific credit risk mitigation strategies used in asset management. Understanding how to set and manage credit limits effectively will give you an edge during discussions with our team.
✨Tip Number 2
Brush up on your knowledge of financial statements and credit insurance policies. Being able to analyse these documents critically will demonstrate your expertise and readiness for the role.
✨Tip Number 3
Network with professionals in the industry, especially those who have experience in credit analysis within a multi-business environment. This can provide insights into best practices and may even lead to referrals.
✨Tip Number 4
Stay updated on the latest trends in commodity trade finance instruments. Knowledge of Letters of Credit and Performance Guarantees will be crucial in demonstrating your capability to handle the responsibilities of this role.
We think you need these skills to ace Asset Management Credit Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience as a Credit Analyst, particularly in credit limit underwriting and risk analysis. Use specific examples from your past roles that demonstrate your understanding of credit insurance policies and financial statement analysis.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your experience in managing credit limits and conducting credit reviews, and how these skills align with the responsibilities outlined in the job description.
Highlight Relevant Skills: Emphasise your relationship-building skills and ability to work in fast-paced environments. Mention any familiarity with commodity trade finance instruments and your proficiency in analysing financial statements, as these are crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for a role that involves managing credit risks.
How to prepare for a job interview at Prax
✨Showcase Your Analytical Skills
As a Senior Credit Analyst, you'll need to demonstrate your ability to analyse financial statements effectively. Be prepared to discuss specific examples of how you've assessed creditworthiness in the past and the methodologies you used.
✨Understand Credit Insurance Policies
Familiarity with credit insurance policies is crucial for this role. Brush up on standard terms and conditions, and be ready to explain how you've managed or interacted with these policies in previous positions.
✨Highlight Relationship-Building Experience
This position requires excellent relationship-building skills. Prepare to share instances where you've successfully collaborated with internal departments or external stakeholders, particularly in a fast-paced environment.
✨Demonstrate Knowledge of Commodity Trade Finance
Since the role involves commodity trade finance instruments, ensure you can discuss your understanding of Letters of Credit, Standby Letters of Credit, and Performance Guarantees. Being able to relate these concepts to real-world scenarios will set you apart.
