Senior Credit Underwriter

2 weeks ago


London, United Kingdom Allianz Trade in UK & Ireland Full time

Senior Credit Underwriter Specialty Credit
Specialty Credit is a business division of Allianz Trade, the global leader in credit insurance. It offers political risk & credit insurance solutions to enable multinationals, corporates, banks and multilaterals to take advantage of attractive investment, financing and trade opportunities in international markets. The product wallet has been spreading into a wide range of customized insurance solutions to cover Export & Trade Finance, Infrastructure & Structured Finance (Structured Trade Finance, Project Finance, Asset Finance…). The expertise of Specialty Credit has expanded further in asset management, through Allianz Trade Investment Partners; the entity dedicated to Private Debt and Alternatives.
Allianz Trade Specialty Credit is seeking a Senior Credit Underwriter with experience in Sovereign Debt, Export Trade Finance &/or Project Finance 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 select, review & underwrite credit opportunities originated either through Specialty Credit regional hubs located in London, New York and Paris, or through its private debt asset management entity. This position based in London or Paris, will also play a key role in the construction and the effective management of Specialty Credit portfolio.
He/she will have a strong 5/8+-year experience as Credit Expert in Banks, Rating Agencies, Export Credit Agencies/Multilaterals or in Single-risk Medium Term Credit Insurance Departments with preferably a focus on Trade Finance and/or Structured Finance.
The position is part of a 10+ credit team.
Credit Expertise provider 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) in global markets with a particular focus on Project Finance, Export & Structured Trade Finance.
* Lead on credit due diligence:
- In full autonomy, evaluate and monitor the credit risk associated with loans and insurance cover inquiries.
- Conduct in-depth sectorial, financial and legal risks analysis on the transaction and the related obligor in liaison with our country risk analysts and according to the maturity requested.
- For more complex transactions and structured finance (pre-export finance, aircraft financing, project finance), conduct a critical assessment of the project and the financing scheme.
- run the credit due diligence with banks, multilaterals and external advisors; 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.
- Take the lead in dedicated Sovereign expertise within Specialty Credit, share knowledge and actively train the team.
- Sharing of practice with the industry or product community. Participate in conferences, and undertake market analysis when relevant.
Recognized financial analyst qualifications, would be advantageous.
- 5/8+year-experience in Banks, or/and Multilaterals or/and ECAs or/and in Single-risk Medium Term Credit Insurance Department, preferably with an exposure to Sovereigns & Export Finance.
- Strong sovereign analysis skills (macroeconomics, financials, sectorial, ESG and political risk as well as transactional analysis).
- Ability to build advised credit conviction and make credit decisions.
- Proficiency in reviewing and commenting on loan documentation (including complex legal structures.
* Ability to work in a multicultural environment - Fluent in English.
- Allianz Trade for Multinationals (AZ Trade for MNC) is Allianz Trade division serving Multinational clients, i.e. top-tier clients with contracts covering different geographies worldwide. AZ Trade for MNC offers these major clients a range of solutions including the creation of worldwide so-called "programs" gathering policies for all countries covered around the world.


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