Senior Trade Finance Underwriter
How you will create an impact
- Perform credit analysis, and recommending and/or approving appropriate credit limits and terms
- Analyze 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 ownership of transactional due diligence, structuring and commercial underwriting of trade transactions from origination to execution including analyzing structural risks and mitigants, eligibility criteria, sizing credit reserves/deductibles, modelling and premium setting
- Escalate key issues or concerns in succinct clear manner to managers
- 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-focused products and strategies for variety of clients (banks, alternative funders and other financiers) including cross-sell opportunities
- Support origination strategies and engage with prospects & brokers including managing certain client relationships
- Engage with and support sales initiatives and development of communications for brokers, banks, and other distribution stakeholders
- Engage in Broker / Client meetings as often as possible to ensure local market presence
- Prepare succinct summaries, business plans, models and high level data on financials and business growth for onwards distribution to manager and AIG senior management and investors (including presentations to key stakeholders)
Training and processes:
- Assist to enhance trade transaction related processes
- Attend and where relevant deliver training to local and global colleagues on trade products
What you'll need to succeed
- 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.)
- Experience with new business generation
- Strong communication skills, written and oral, presentations
- Organizational skills and project management
- Ability to manage time pressure, deadlines and competing tasks/ prioritize
- 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
- Independent, able to multi-task and possess initiative to work in a fast-paced global environment
- Business acumen
- Ability to work in a changing environment
- Expertise in Excel, PowerPoint, Word
- Basic transactional modelling and forecasting
- Competent in IT packages and institutional systems
For positions based in New York, Los Angeles, Chicago, and Washington DC, the base salary range is $100,000-$128,000, and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Your actual compensation will be dependent on your skills, experience and qualifications. If your compensation expectations are above the posted range, we still encourage you to apply – your unique background matters to us. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: .
#LI-AIG #TradeFinanceInsuranceUnderwriting #TradeCreditInsuranceUnderwriting
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
Functional Area:
UW - Underwriting
National Union Fire Insurance Company of Pittsburgh, Pa.
