My client is a market leading insurance company that provides liability coverage in Emerging Markets
The position on offer is that of Credit Analyst within a newly established Political & Financial Risk team operating from a Lloyd's Syndicate. The book will write all manner of political and credit risks within the unit for a range of clients including international commercial and investment banks, traders, multilaterals and multinationals.
The unit has the capability to write classic political risk (expropriation and political violence business), together with sovereign risks, both trade and non-trade related, and structured credit risks on private obligors. The tenor or period of these transactions can be anything from 1 month to 10 years and whilst the book will have exposures around the globe the focus is on Emerging Markets. The insurance products indemnify against loss caused by political action and interference as well as default under contracts whether it be in the form of non-payment or non-performance.
The successful candidate's primary role will be to assist the Class Underwriter in assessing the suitability and creditworthiness of such transactions as they are received via brokers from the clients. The analyst will draw on independent 3rd party resources such as S&P/Fitch and intelligence providers such as IHS Markit, Eurasia in addition to the print media such as the FT. Client material - documents, calls and meetings - also forms part of the assessment process. An ability to analyse a transaction in the round, determining pure credit quality, whilst also weighing qualitative factors is critical. Sound judgement and a keen commercial outlook are essential as is the confidence to make evidence-based decisions and articulate reasons for same.
Key Technical Skills/Knowledge/Professional Qualifications Required:
Solid undergraduate degree or more, preferably in related field, e.g. Economics, accounting.
CFA accreditation a distinct advantage
Advanced skills with Excel & Access. Ability to use and create pivot tables
Ability to rate out credit risks and help construct models to do same.
Familiarity with fundamental credit analysis and rating agency methodologies
Anticipated that successful candidate will be familiar with a wide range of financing structures including prepayments of all types including, pre-export finance facilities, leveraged finance, documentary credits, syndicated loan facilities, club loans, export finance, supply chain finance.
Solid as an analyst within a major financial institution, preferably with experience of commodity finance
This role is paying a competitive overall package