Trade Finance Senior Underwriter - London, United Kingdom - AIG

AIG

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks.

We're also committed to making a positive difference for our colleagues and in the communities where we work and live.

We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world's most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

Trade Finance is a growth product tower within the global Credit Lines and Trade Credit businesses under General Insurance.

The global trade finance team is situated with the core hub in London, and secondary hubs in New York and Singapore with further regional spokes around the world.

We look forward to adding talent to our fast-paced, diverse team of trade finance specialists.

About the role

What you need to know:
AIG is looking for a credit underwriter to support AIG Trade Finance (TF) offering in EMEA based in London. This is an exciting opportunity to be part of a growing global franchise which is earmarked for growth within AIG's Credit Lines businesses

Key Accountabilities:

Take full ownership of transactional due diligence, structuring and commercial underwriting of trade transactions from origination to execution including analysing structural risks and mitigants, eligibility criteria, sizing credit reserves/deductibles, modelling and premium setting
Overseeing brokers and client enquiries coming in to ensure they are being dealt with in timely manner and consistent message is conveyed to the market on AIG's risk appetite and underwriting criteria
Perform review of traderelated term sheets, facility and collateral documentation, operational and technology processes and other due diligence reports from a commercial and risk perspective
Manage negotiations of policy, trade and funding documentation to protect AIG's interests and meet client requirements and liaise with legal on same
Perform credit analysis and analyse trade life cycle/ working capital needs
Complete insurance quotations and transaction summaries/ credit memoranda for internal stakeholders
Liaise closely with risk and credit underwriters and credit committees to obtain appropriate approvals and validate structures
Liaise with relevant AIG business departments (tax, accounting, compliance, onboarding, legal, new product development, vendor/ business partner onboarding, operations) on transactions
Take ownership of the monitoring of live trade transactions including structural changes, endorsements and renewals
Ensure policies and risks remain compliant with AIG underwriting guidelines, processes and procedures
Liaise closely with onboarding teams where corporates or funders are onboarded into AIG structures

What we're looking for:

Bachelor's or higher degree in finance or accounting
Midlevel experience in trade credit or risk team or related experience in the banking and finance industry
Proven ability to distil accounts, financial and written information
Transactional experience in trade finance deals including broad spectrum of trade products (receivables, confirmed payables, supply chain finance, guarantees, letters of credit, trade loans etc.) is desirable
Experience with new business generation
Ability to handle a varied workload in a diverse and growing portfolio
Competent in IT packages and institutional systems
Team player with internal and external stakeholders/ clients

LI-WB1

A look at our Benefits

We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing.

We provide a variety of leaves for personal, health, family and military needs.

For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community.

Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers.

We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progr