Senior Trade Finance Underwriter Job In London

Job Description

Senior Trade Finance Underwriter page is loaded

Senior Trade Finance Underwriter

Apply locations London time type Full time posted on Posted Yesterday job requisition id JR2300270

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 trade-related 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
• Mid-level 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 generatio n
• 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 progress.

We are an Equal Opportunity Employer

 

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:

UW - UnderwritingEstimated Travel Percentage (%): Up to 25%Relocation Provided: NoAIG Europe S.A. (U.K. Branch) & American International Group UK Ltd

Similar Jobs (1)

Senior Marine Underwriter, Multinational Cargo

locations London time type Full time posted on Posted 4 Days Ago

About Us

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

What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.

We’re also committed to doing the right thing for our people and the communities where we work and live. It’s why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

Join our Talent Network  . Additional information about AIG can be found at www.aig.com   | YouTube  | Twitter  | LinkedIn . These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.