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- Tasks: Conduct credit limit reviews and manage risks for trading counterparties.
- Company: Join Prax Group, a dynamic player in asset management with a global presence.
- Benefits: Enjoy flexible working options and a collaborative team environment.
- Why this job: Be part of a fast-paced team making impactful financial decisions worldwide.
- Qualifications: 5+ years as a Credit Analyst with strong analytical and relationship-building skills.
- Other info: Opportunity to work across global 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 Credit Analyst Financials - Asset Management
✨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 interviews.
✨Tip Number 2
Network with professionals in the industry, especially those who work in credit analysis or asset management. Engaging with them can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Stay updated on the latest trends in credit insurance policies and commodity trade finance instruments. This knowledge will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 4
Prepare to discuss your experience with analysing financial statements and credit limit underwriting. Be ready to share specific examples of how you've successfully managed credit risks in previous roles.
We think you need these skills to ace Credit Analyst Financials - Asset Management
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 how your skills align with the responsibilities outlined in the job description, such as managing credit limits and conducting credit reviews for global entities.
Highlight Relevant Skills: Emphasise your relationship-building skills and ability to work in fast-paced environments. Mention any experience you have with commodity trade finance instruments and how it relates to the position.
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 crucial for a role in credit analysis.
How to prepare for a job interview at Prax
✨Showcase Your Analytical Skills
As a Credit Analyst, your ability to analyse financial statements is crucial. Be prepared to discuss specific examples of how you've assessed creditworthiness in the past and the methodologies you used. This will demonstrate your expertise and confidence in handling complex financial data.
✨Understand Credit Insurance Policies
Since the role requires a strong understanding of credit insurance policies, brush up on the standard terms and conditions. Be ready to explain how you've managed credit insurance in previous roles, including any challenges you faced and how you overcame them.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your decision-making skills in credit risk exposure. Think about past experiences where you had to recommend mitigants or alternative structures to reduce risk, and be ready to articulate your thought process clearly.
✨Demonstrate Relationship-Building Skills
The role involves working closely with various stakeholders. Prepare examples of how you've successfully built relationships across departments or with external partners. Highlight your communication skills and how they contributed to successful outcomes in your previous positions.
