Head of Project Finance

**Details**:
**Reference number**:

- 242452**Salary**:

- £70,000 - £86,000**Grade**:

- Grade 6**Contract type**:

- Permanent**Business area**:

- UKEF - Risk Management Group - Risk Approval Division**Type of role**:

- Finance**Working pattern**:

- Flexible working, Full-time**Number of posts**:

- 1Contents

Location

About the job

**Benefits**:
Things you need to know

Location
- Westminster, LondonAbout the job

**Summary**:
The principal role of the Department is to support UK companies exporting to foreign markets by providing insurance, loans and guarantees against non-payment or non-performance by UK exporters and overseas buyers.

To perform its statutory function, UKEF must assume significant credit risks on behalf of UK exporters. Consequently, the financial success of the Department is crucially dependent upon sound credit risk assessment, particularly given the elevated default risks associated with emerging markets. The Risk Approval Division (RAD) is responsible for providing probability of default (PD) ratings and loss given default (LGD) assessments on all risks assumed by the Department.

**Job description**:
The principal purpose of the Department is to support UK companies exporting to foreign markets by providing insurance, loans and guarantees against non-payment or non-performance by UK exporters and overseas buyers. To perform its statutory function, UKEF must assume significant credit risks on behalf of UK exporters and indeed overseas buyers of UK exports. Consequently, the financial success of the Department is crucially dependent upon sound credit risk assessment. The Risk Approval Division (RAD) is responsible for providing the counterparty credit and transaction analysis of these deals including probability of default (PD) ratings and loss given default (LGD) assessments on all sovereign and non-sovereign risks assumed by the Department.

RAD’s case work is split into five teams: Two Country Risk Policy Teams, a Corporates, Aero and Trade Finance Team, Project Finance, and a Financial Institutions Team. This role is responsible for the leadership, motivation and management of the Project Finance team within RAD.

The role oversees the accurate credit assessment, analysis and due diligence of both new and existing exposures within their areas. The role holder has extensive practical knowledge and experience of these areas and is responsible for managing all transactions from start to finish that falls within them; the role holder leads meetings and discussions on complex cases which may include novel features and structures - including extensive negotiations with exporters and buyers - and oversees and is ultimately responsible for case work of the analysts within their team.

The role holder is also responsible for the credit risk approval of cases up to and including their delegated authority.

**Responsibilities**:

- Leading, managing and motivating their team in the production of high quality and timely credit analysis. This may involve complex structures and transactions (including novel and unusual features).
- Exercising credit approval - within the terms of delegation from CRO. The role also includes the provision of high quality recommendations to the Head of RAD Approval or higher where delegated authority is exceeded.
- Responsibility, accountability and approval alongside Post-Issue Management Team for the ongoing monitoring from a credit risk and ratings perspective for the Project Finance transactions within UKEF.
- Liaising with multiple stakeholders - most notably Business Group and external clients - but also numerous internal stakeholders including Legal Division and Policy & Products Division.
- Taking senior leadership roles within external meetings to ensure that new proposed business is optimally structured and firmly within UKEF’s predetermined risk appetite.
- Ensuring that all submissions to Enterprise Risk and Credit Committee are succinct, well structured, coherent, logical and fit for purpose.
- Identifying and providing solutions to credit training deficiencies both within RAD and UKEF more broadly.
- Deputising for the Head of RAD, where appropriate, including but not limited to, Senior Management Meetings and leading the internal Senior RAD Team Meeting.
- Budget authority as above.
- Continuing review of and improvements to policies and processes affecting Project Finance.

This list is not exhaustive; the role holder may be required to carry out additional duties according to business need.

**Qualifications**:

- GCSE Maths and English equivalent or above, or good numeracy and written skills.
- Evidence of continuing professional development.

**Behaviours**:
We'll assess you against these behaviours during the selection process:

- Making Effective Decisions
- Delivering at Pace
- Communicating and Influencing
- Working Together
- Developing Self and Others

**Technical skills**:
We'll assess you against these technical skills duri