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Form of workAbout the role:
Are you looking for a challenge and an opportunity to further advance your skills and career in a great working environment? Do you like to work in a global team and does the world of finance, insurance and trade fascinate you? Are you attracted by contributing to the data-driven transformation of Swiss Re? We are looking for an ambitious professional to join our Credit Product Centre team in the U.S. and this could be your opportunity.
You will be part of the Deal Team for our North America Commercial Surety activities and be responsible for:
- Professional and profound credit risk /rating assessment and financial analysis of a diverse set of corporates.
- Approval/recommendation of credit limits in line with internal policies and standards
- Evaluation of transaction structures, delivery of objective risk related inputs on transactions and obligors as well as recommendation on credit risk mitigation and loss prevention.
- At the request of Underwriters, perform initial screening and vetting of obligor risks
- Monitoring of credit exposures to assess the potential impact of market events on specific obligors or portfolios.
- Identification of high-risk companies and potential recommendations on watchlist placements.
- Contribution towards shaping data and technology driven transformation of our business
This is a unique opportunity to implement your credit analytical skills with a real Credit & Surety portfolio, relate economic developments to the market performance and support the deal teams to ensure a sustainable profitability.
In this role, you will work with colleagues in diverse functions including underwriting, risk management and portfolio management and pricing actuaries. In addition to the day-to-day tasks, you will contribute to activities linked to the elaboration and implementation of the strategy of the Global Credit & Surety, Corporate solutions Unit.
If you think out of the box, you are creative and you enjoy being a business-oriented team colleague driving for realistic solutions, this is an opportunity for you.
About the Team:
The Credit Product Centre is a globally distributed team with presence in Sao Paulo, Kansas City, Frankfurt, Munich, Bratislava, Zurich, Bangalore, Kuala Lumpur and Singapore. The Credit Product Centre also maintains direct contact to diverse senior management throughout Swiss Re by acting as the key Credit & Surety link with Swiss Re Group Risk Management and Group Underwriting, Legal, Operations, Finance, Claims, Actuarial (pricing and reserving) and Information Technology.
The Credit Product Centre (CPC) is, in general, responsible for:
- Leading key Credit & Surety (C&S) CorSo strategic initiatives in the area of risk assessment and insights.
- Providing high-quality, fundamental corporate obligor and transaction credit risk assessments in support of the C&S unit's diverse credit-related underwriting activities.
- Conducting forward-looking sector and credit market analyses and feasibility studies.
- Underwriting Policy and ensuring overall compliance with unit, divisional and Swiss Re Group standards.
- Ensuring accuracy and integrity of methods and tools used to support transaction pricing.
- Ensuring proper monitoring and oversight of the in-force Credit & Surety portfolio.
Our North America Commercial Surety underwriting team provides capacity and solutions for leading Corporates and Financial Institutions in both North America and for cross border surety transactions for Global Corporates and Financial Institutions. As such, the post involves an international work environment with a global scope and customer base.
About you:
- 4-7 years of experience (preferably in corporate credit risk analysis) in credit risk management function. Knowledge of corporate loans is a big plus.
- Strong credit risk assessment skills with focus on the US market but a demonstrated ability to apply skills to a glbal environment.
- Ability to go "beyond the financials" in enriching the credit analysis with most current economic, industry and market sentiments.
- Attentive to details. Ability to critically question rationales behind transaction applicatioons and obtain a holistic view of the business justification.
- Proficient in financial spreading, financial projections, experience in handling of credit application documents.
- Convincing interpersonal skills and ability to maintain effective working relations in a multi-disciplinary and multi-cultural environment.
- Flexibility to be engaged in projects and work in project teams.
- Proficiency in English required; knowledge of Spanish and/or Germans would be
- Strong skills in Excel and MS Office
Strong plus:
- Experience in assessing Obligors' group structures and intragroup linkages with the aim to determine credit ratings with limited financial information.
- Profound understanding of the specific risks in the international surety business.
- Understanding of rating municipal companies and government related non-profit organizations
- Understanding of rating asset managers and private equity firms
- Business degree and/or CFA / Chartered Accountant or similar qualification in finance
Skills
- Quantitative and analytical skills, pragmatism, and firm judgment
- Independent thinking, thirst for knowledge, business curiosity an ambition to develop
- Convincing interpersonal skills and ability to maintain effective working relations in a multi-disciplinary and multi-cultural environment
- Self-starter organized and able to handle multiple priorities and meet deadlines. Ability to manage diverse projects and tasks simultaneously.
- Team player.
About Swiss Re Corporate Solutions
Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
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