Credit Underwriter

Euler Hermes Uk - London; Greater London; Hybrid; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Life Assurance

Health Cash Plan

Income Protection

Hybrid Working

Employee Share Incentive Plan

Insurance Discounts

Additional Benefits

Job summary

Allianz Trade Specialty Credit is seeking a Credit Associate / Underwriter based in London to oversee and steer its credit portfolio across funded and unfunded transactions. The role requires experience in Corporate Finance and/or Structured Credit, and involves close collaboration with a global team and regional hubs in London, NY, Singapore, and Paris.

The ideal candidate will have 3–5 years in Structured Finance, Trade Credit Insurance, or related fields, with strong analytical skills and the

Qualifications

• University degree, ideally Masters level.
• 3–5 years of experience in Structured Finance, Trade Credit Insurance, Banking, ECAs or Multilaterals.
• Strong analytical skills including ESG and political risk; experience in transactional analysis.
• Proficiency in reviewing and commenting on loan documentation.

Responsibilities

• Pre-screen and identify bankable projects to grow the insured portfolio.
• Review and monitor credit transactions and conduct risk analysis.
• Maintain active risk monitoring and propose mitigations for the existing portfolio.
• Coordinate with origination on deals and participate in market calls/meetings.
• Make underwriting decisions within approved risk authority or escalate to Credit Committee.

Skills

Credit risk assessment

Financial analysis

Portfolio management

Adaptability to AI tools

Team player

English fluency

Education

Masters in Finance/ Economics or equivalent

Tools

Excel

Financial modeling software

Data visualization tools

Job description

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 a 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.
• 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.

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Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us. Let’s care for tomorrow.

Allianz Trade is the trademark used to designate a range of services provided by Euler Hermes. We are the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Headquartered in Paris, we are present in more than 50 countries with 5,500 employees. In 2021, our global business transactions represented 931 billion Euro in exposure.

We at Allianz believe in a strong inclusive culture that encourages people to speak their minds, get involved and question the status quo. We are proud to be an equal opportunity employer and encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love, or what you believe in. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability, sexual orientation, or any other characteristics protected under applicable local laws and regulations. Great to have you on board. Let's care for tomorrow