Specialty Credit Underwriting Manager

Allianz; Greater London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A global financial services company is seeking a Credit Underwriting Regional Manager in Greater London. This managerial role involves leading a team in underwriting key transactions, managing a credit portfolio, and making critical credit decisions. The ideal candidate will have over 10 years of experience in trade credit insurance or banking, strong analytical capabilities, and proficiency in loan documentation review. This position supports hybrid working and offers various employee benefits.

Benefits

Life assurance

Health cash plan

Income protection

Hybrid working

Employee share incentive plan

Various discounts on insurance

Qualifications

• Over 10 years' experience in relevant fields like trade credit insurance or banking.
• Recognized financial analyst qualifications are advantageous.
• Experience with transactional analysis across various sectors.

Responsibilities

• Lead a dedicated credit underwriting team to identify and underwrite credit opportunities.
• Build and manage the Specialty Credit Mid Term portfolio.
• Establish and monitor underwriting guidelines.

Skills

Strong analytical skills

Experience in trade credit insurance

Ability to make credit decisions

Proficiency in reviewing loan documentation

Education

University degree, preferably at master's level

Job description

Summary of the role

Allianz Trade Specialty Credit Mid Term is seeking a Credit Underwriting Regional Manager with experience in Export Trade Finance &/or Structured Credit to deploy and steer its credit portfolio.

This manager will lead a dedicated credit underwriting team that identifies, reviews, and underwrites credit opportunities originated through Specialty Credit Mid Term regional hubs located in London, New York, Singapore, and Paris. The role also plays a key part in constructing and effectively managing the Specialty Credit Mid Term portfolio.

The incumbent will possess over 10 years of senior credit underwriting experience in banks, trade credit insurance, export credit agencies, multilaterals, or single‑risk medium‑term credit insurance departments (e.g., CPRI market), with a focus on structured trade finance, infrastructure, and/or project finance. The position is part of a 20‑plus credit team.

Responsibilities

1. Specialty Expertise Leadership

• Leads the underwriting of key transactions in various specialty product areas.
• Builds a robust underwriting framework in specialty mid‑term expertise.
• Leads the advisory, definition and monitoring of underwriting guidelines in specialty mid‑term.
• Establishes an authority matrix with defined senior authority levels.

2. Team Management & Performance

• Accountable for a proactive and impactful underwriting service, ensuring a “right answer first time” towards origination and customer relationships within the specialty credit franchise.
• Sets up and defines an efficient work organization for its dedicated regional hub in collaboration with the SC MT Credit Director.
• Manages a team of selected SC underwriters from diverse seniority and background located in the UK specialty credit hub, including target setting, training needs, and individual performance steering.
• Can operate under delegated authority to validate credit limits or act as deputy in high‑level internal and external meetings if the SC Credit Director is absent.

3. Collaborative Leadership

• Serves as the key 4‑eye expert for first‑instance underwriting decisions within the specialty.
• Trains underwriters and shares expertise across junior, senior, and other departments.
• Is empowered to take ownership of cross‑expertise and cross‑department projects.
• Fosters collaborative decision‑making with other specialty leads and the Credit Director.

Requirements and Skills

Qualifications

• University degree, preferably at master’s level; recognised financial analyst qualifications are advantageous.
• More than 10 years’ experience in trade credit insurance, banking, multilaterals, ECAs, or single‑risk medium‑term credit insurance departments (CPRI), preferably with exposure to corporates, infrastructure, and trade finance.
• Strong analytical skills – corporate, financial, sectorial, ESG and political risk, and transactional analysis – and experience with corporates across a variety of sectors.
• Ability to make credit decisions.
• Proficiency in reviewing and commenting on loan documentation, including complex legal structures.

Preferred Skills

• Flexibility and ability to work under time constraints in a dynamic, entrepreneurial environment.
• Multicultural adaptability – fluent in English.
• Good geopolitical culture, including emerging markets.
• Leadership skills, team spirit, and a keen interest in investigating new products and transactions.

What We Offer

• Life assurance
• Health cash plan
• Income protection
• Hybrid working
• Employee share incentive plan
• Various discounts on insurance through the Allianz partnership
• And much more

We are seeking candidates who are naturally curious and have a keen interest in technology and innovation. The ideal candidate demonstrates a proactive approach to learning and adapting to new tools and technologies, especially AI‑powered tools, showcasing a forward‑thinking mindset that aligns with our vision for growth and progress.

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 welcome applications regardless of race, ethnicity, cultural background, age, gender, nationality, religion, social class, disability, sexual orientation, or any other characteristics protected under applicable local laws and regulations.