Allianz Trade in UK & Ireland
Senior Credit Underwriter

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Summary Of Role
Allianz Trade Specialty Credit Mid Term is seeking a Senior Credit Underwriter, a position to be based in London with experience in Export Trade Finance &/or Structured Credit in order to work in the deployment and the steering of its credit portfolio.
This Senior Credit Underwriter will be responsible for a dedicated credit underwriting team, which has to identify, review & underwrite credit opportunities originated either through Specialty Credit Mid Term regional hubs located in London, New York, Singapore, and Paris. This position will also play a key role in the construction and the effective management of Specialty Credit Mid Term portfolio.
Main Responsibilities
Support Provided 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) mainly located in emerging markets with a particular focus on Export & Trade Finance or Project Finance transactions.
Lead on Credit Transactions:
- 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 tenor requested.
- For more complex transactions and structured finance (pre-export finance, aircraft financing, project finance, and Reserve-Based lending...), conduct a critical assessment on the project and the financing scheme.
- Actively exchange with origination team on deals and participate in market meetings and/or calls on related transactions when relevant.
- 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.
Portfolio/Risk Management:
- Take active part in the management of the existing “live” portfolio through appropriate risk monitoring, propose mitigants, and implement if/when appropriate.
- Handle waiver requests, input into regular credit reviews.
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Expertise Sharing:
- Take the lead in knowledge sharing within Specialty Credit and actively train the team on its credit expertise.
- Sharing of practice with the industry or product community. Initiate collaboration and share expertise as a subject matter expert, providing advice, peer review, and contribution.
- Participate in conferences, and undertake market analysis when relevant.
What We Are Looking For
- University degree preferably at Masters’ level. Recognised financial analyst qualifications would be advantageous.
- 5-10 year-experience in Trade Credit Insurance, Banking Industry, or/and Multilaterals or/and ECAs or/and in Single-risk Medium Term Credit Insurance Department (CPRI), preferably with an exposure to Corporates, Infrastructure & Trade Finance.
- Strong analytical skills (corporate & financial, sectorial, ESG, and political risk as well as transactional analysis) & exposure to corporates in a variety of sectors.
- Ability to make credit decisions.
- Proficiency in reviewing and commenting on loan documentation (including complex legal structures).
- Flexibility and ability to work under time constraints and in a dynamic and entrepreneurial environment.
- Ability to work in a multicultural environment - Fluent in English.
- Good geopolitical culture including emerging markets.
- Leadership skills, Team spirit, and keen to investigate new products/transactions.
What We Offer
- Life Assurance: Secure your future with our comprehensive life assurance plan.
- Health Cash Plan: Access to a health cash plan to support your well-being.
- Income Protection: Financial security in case of unforeseen circumstances.
- Hybrid Working: Flexibility to work both remotely and in-office.
- Employee Share Incentive Plan: Opportunity to participate in our share incentive plan.
- Insurance Discounts: Various discounts on insurance through the Allianz Partnership.
- Additional Benefits: And much more to support your personal and professional growth.


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Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams, and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow, and to shape a better future for our customers and the world around us. Join us. Let’s care for tomorrow.
Allianz Trade is the trademark used to designate a range of services provided by Euler Hermes. We are the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit, and political risk. Headquartered in Paris, we are present in more than 50 countries with 5,500 employees. In 2021, our global business transactions represented 931 billion Euro in exposure.
We at Allianz believe in a strong inclusive culture that encourages people to speak their minds, get involved, and question the status quo. 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 therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability, sexual orientation, or any other characteristics protected under applicable local laws and regulations. Great to have you on board. Let's care for tomorrow.
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