Jobs Board

Description

AIG are hiring a Senior Trade Commercial and Risk Underwriter to provide strong resource in structuring and underwriting trade transactions to enable fast but selective growth to further develop global supply chain finance and trade finance existing businesses and also to develop new products

Main duties/Accountabilities/Key Performance Indicators

Transactional
•Perform comprehensive credit analysis and analyse trade life cycle/ working capital needs in relation to buyers and seller risks in trade transactions
•Complete insurance quotations and transaction summaries/ credit memoranda for internal stakeholders
•Liaise closely with other insurance risk and credit underwriters and credit committees to obtain appropriate approvals and validate structures
•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
•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
•Assist with negotiations of policy, trade and funding documentation to protect AIG’s interests and meet client requirements and liaise with legal on same
•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 particularly on credit analysis and changes
•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

Strategic product development and communications•Support to identify and develop client-focussed products and strategies for variety of clients (banks, alternative funders and other financiers) including cross-sell opportunities
•Support origination strategies and engage with prospects including managing certain client relationships
•Engage with and support sales initiatives and development of communications for brokers, banks, and other distribution stakeholders
•Prepare succinct summaries, business plans, models and high level data on financials and business growth for onwards distribution to AIG senior management and investors (including presentations to key stakeholders)

Training and processes•Assist to enhance trade transaction related processes
•Prepare and deliver training local and global colleagues on trade products

Competencies and experience
•Experience in top tier bank’s trade credit or risk team or equivalent in corporate/ other funder environment
•Strong 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.)
•Experience in driving trade product sales to corporates and/or financiers
•Experience with trade-related technologies including blockchain
•Experience with new business and product development
•Strong communication skills, written and oral, presentations
•Ability to distil accounts, financial and written information
•Organisational skills and project management
•Ability to manage time pressure, deadlines and competing tasks/ prioritise
•Ability to handle a varied workload in a diverse and growing portfolio.
•Proven decision making skills
•Interpersonal skills – team player with internal and external stakeholders/ clients
•Languages helpful, ability to engage with diverse, global teams
•Willingness to travel as products expand, particularly in Europe
•Ambitious individual who is commercially focussed and able to present to CFOs, treasurers, investors and banks.
•Analytical thinker and self-motivated to manage several large new business projects at once, whilst dealing with existing transactions.
•Knowledge of Basel III and IFRS/ accounting international regulatory guidelines
•Business acumen
•Ability to work in a changing environment

Technical skills & knowledge
•Expertise in Excel, PowerPoint, Word, basic transactional modelling and forecasting
•Competent in IT packages and institutional systems

Company description

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today we provide a wide range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 100 countries and jurisdictions. Our diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

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