Co-heads of Business Group - London, United Kingdom - UK Export Finance

UK Export Finance

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

Details:

Reference number:

Salary:

- £97,000 - £185,000

A Civil Service Pension with an average employer contribution of 27%
Job grade:
SCS Pay Band 2
Contract type:
Permanent
Business area:
Business Group, Large Corporates and International and Small and Medium Enterprises and Trade Finance
Type of role:
Corporate Finance
Senior leadership
Working pattern:
Flexible working, Fulltime
Number of jobs available:
2Contents

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About the job

Benefits:

Things you need to know

Location

Westminster, LondonAbout the job

Job summary:

UK Export Finance has recently undergone an internal consultation to review the current structure of its Business Group (BG) and a decision has been made to create two new distinct directorates.

This will enable us to fully focus on specific customer requirements and to aid product delivery for the respective markets in which UKEF provides support.

Each new directorate will be headed by a SCS2 Director who will also be a member of UKEF's Executive Committee (EC).

In practice the co-Heads will work closely and collaboratively together in the interests of the whole Group to deliver a vision of "One BG".

By creating two separate directorates each Director will be able to focus on key deliverables for their respective markets.

UKEF believes that the SME market will continue to expand and supporting SMEs is one of the government's key priorities.

This support will aid and stimulate continued economic growth within the UK.

This new structure will enhance support for SME's in particular to help drive support for businesses outside London and the South-East.

This directorate's creation will send a strong signal to our SME customers, counterparties and key stakeholders about the importance of this sector to the future success of our business.

Of equal importance is the creation of the Large Corporates and International directorate; this will ensure that UKEF provides a sustained focus on larger corporates and international buyer financing transactions and that our products and services are actively promoted.

Key to the success will be growing our international origination network so that UKEF's presence and our impact is felt globally.

Despite the creation of two distinct directorates within Business Group, it is evident from current working practices that both directorates will continue to work together very closely in order to support a single opportunity.

Both roles report directly to the UKEF Chief Executive and sit on the department's Executive Committee.

Job description:

Director of Large Corporates and International (LCI)

This newly formed directorate will consist of three teams, each of which is managed through direct reports, namely Civil, Infrastructure & Energy division (CIE), the Origination division, and the Aero & Defence division (ADSS).
The Origination division also includes UKEF's international network which sources many of our new buyer financing opportunities globally, with the underwriting teams who then execute those transactions. Currently UKEF has 23 members of staff providing coverage across the America's, Asia, Africa and Europe.
By aligning more closely the origination and underwriting division, this will allow the relationship to become more tightly focussed and will facilitate the desire to further deepen the interactions and promote more seamless crossteam working.
The Export Development Guarantee (EDG) function which is a key part of UKEF's offer to large corporates and international investors into the UK, will continue to report into the CIE and ADSS divisional heads.
The Director of Large Corporates and International is primarily responsible for ensuring UKEF achieves its targets for business issued and exporters supported, and plays a central role in ensuring that UKEF delivers on its objectives as set out in UKEF's Business Plan. As a result the Director of Large Corporates and International is a key party in translating the government's export strategy into a working reality.
To put this in context, in 2022/23 the current Business Group provided £6.5 billion in support. This included £2.4 billion support for sustainable deals. The department generated premium income of £313 million against business issued.
The Large Corporate and International directorate issues and underwrites a suite of UKEF's financial products to support UK exporters

These include:
- guarantees to banks, financial institutions and investors in the banking and debt capital markets;
- direct lending to overseas buyers of UK goods and services;
- political risk insurance;
- guarantees in respect of working capital and capex;
- reinsurance involving other Export Credit Agencies;

Director of Small and Medium Enterprises and Trade Finance
***As Director of SME and Trade Finance you will play a critical role in ensuring that UKEF delivers on