Credit Analyst

This job is with Munich Re, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

Please see our website for more information.

Credit Analyst

We are currently looking for a Credit Analyst to be based in Londin on a full-time basis, reporting into the Group Head of Political Risk & Credit.

We offer credit insurance across a very broad range of counterparties, sectors and deal structures. We are looking for a credit analyst with proven experience in corporate credit risk, project finance, financial institutions and trade structures (letters of credit, open account, pre-export financings, borrowing base etc). We would ideally like an analyst with experience in several of these areas but also willing to learn about new transaction structures and products.

Responsibilities:

• Help to build, enhance and maintain pricing, aggregation and all analytical models.
• Ensure that sound credit risk monitoring frameworks are implemented and maintained and are conveyed to each member of the Political Risk & Credit team.
• Undertake detailed financial analysis and forward looking projections/ stress testing and scenario analysis of new and renewal transactions for Sovereigns, Corporates & Financial Institutions.
• Produce concise and well-written analysis of risks reviewed.
• Provide recommendations for credit limits and manage internal credit ratings and limits across the portfolio.
• Review and summarize political and macroeconomic and country-specific conditions to support the underwriting of political risk transactions.
• Actively participate in various transaction related meetings, including internal meetings to discuss risks being reviewed or risks currently written.
• Attend meetings, calls etc. where requested by underwriting
• Proactively monitor the Political Risk & Credit portfolio to ensure ongoing robust assessment of existing credit exposure. Monitor political, legal, socio-economic and regulatory developments in countries where we have underwritten risk and identify issues that may require further analysis or action. Create and maintain a forward-looking calendar of significant events in countries of interest where we have exposure.
• Prepare regular portfolio reviews and updates for the underwriting team and management, highlighting key portfolio trends and risks.
• Ensure deteriorating obligor trends are timely identified and work jointly with underwriters and where appropriate Claims to manage problem credits and/or workout situations.
• Grow the team's analytical skills and business knowledge, sharing subject matter expertise and acting in a mentorship capacity where appropriate.

Knowledge and Skills

• Strong analytical skills, including credit, financial institution and sovereign risk analysis
• Knowledge of global economic and political affairs
• Willingness to take ownership of the role and to meet tight deadlines in a fast paced environment
• Able to work and proactively contribute to a team environment

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re – choose your impact!

Benefits

• 25 days Annual Leave + Bank Holidays
• 10% Non-contributory Pension
• Eligibility for an Annual Bonus
• Private Medical + Dental Insurance
• Critical illness insurance + Life Assurance + Permanent Health Insurance
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
• Electric Vehicle Salary Sacrifice Scheme
• Study & continuing Professional Development Support
• Hybrid Working + IT Home Set-up Support

#BePresent #BeBold #BeCurious