Credit Analyst

City of Westminster Source: WhatJobs

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Credit Analyst

Department: Credit

Employment Type: Contract / Temp

Location: London

Reporting To: Eleni Messini

Description

This is a 9 Month FTC

The Credit team is a standalone function responsible for counterparty credit risk appraisal. Peninsula's approach to credit analysis combines sound counterparty risk assessment with market analysis in order to provide well-justified recommendations.

This fixed-term role focuses on marine credit risk. The Credit Analyst will lead in-depth credit reviews and underwriting of shipping and marine counterparties, including shipowners, operators, charterers and bunker buyers. They will produce clear, well-evidenced credit reports and portfolio reporting on marine exposures, with limited involvement in day-to-day credit operations.

MAIN RESPONSIBILITIES

Carry out comprehensive credit reviews of marine counterparties, including shipowners, operators, charterers, ship managers and bunker buyers.
Analyse financial statements, fleet profiles, vessel values, charter coverage, leverage and liquidity to assess counterparty creditworthiness.
Use all relevant research, investigation methods and available data, including KYC, ownership structures and industry sources, to justify credit recommendations.
Conduct periodic reviews of existing marine counterparties and recommend changes to limits, terms or security where risk has shifted.
Underwrite new and renewing credit limits for marine counterparties within the framework of the company's risk appetite.
Recommend appropriate credit structures and mitigants, such as parent company guarantees, letters of credit, prepayment or credit insurance.
Prepare well-reasoned credit papers for approval by the Credit Team Lead and relevant committees.
Work with the credit insurance portfolio and underwriters to support cover for marine exposures.
Ensure credit recommendations are compliant with the company's sanctions policy.
Produce timely and accurate credit reports on marine counterparties and the shipping market.
Prepare regular portfolio reporting on marine credit exposure, concentrations and key risk trends for management.
Proactively monitor and report on freight markets, vessel values, regulation and other developments affecting marine counterparties.
Perform ad hoc research and analysis on marine credit topics where required.
Engage with traders, Front, Middle and Back Office, Legal and Finance on marine credit issues as they arise.
Contribute to improving credit review and underwriting methodology for the marine sector.
Support the wider Credit team on day-to-day operational matters only as needed.

KNOWLEDGE, SKILLS AND EXPERIENCE

Experience in credit analysis or underwriting, ideally in shipping, ship finance, marine insurance, commodities or energy.
Bachelor's degree in a relevant field, e.g. Finance, Economics, Business, Maritime Studies or Science.
A credit or shipping qualification (e.g. IC Shipbroking, CFA, ACCA or ICM) is an advantage.
Solid understanding of the shipping industry, including vessel types, chartering, freight markets and how they drive counterparty risk.
Experience analysing financial statements of private and public companies, including those with limited disclosure.
Highly proficient in MS Office, specifically Excel; proficiency in programming languages is an advantage.
Familiarity with credit insurance, trade finance instruments or security structures is an advantage.
Strong analytical and problem-solving skills with high attention to detail.
Strong written and verbal communication skills; able to present credit analysis clearly and concisely in written credit papers.
Ability to manage multiple reviews concurrently and deliver to tight deadlines.
Ability to work efficiently both independently and in a team.
Ability to communicate at business level in a second language is an advantage.
An open mind and a commitment to understanding other people's points of view in a multi-cultural work environment.