Political And Credit Risk Associate

ABOUT US

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com

Job Profile Summary

We are currently looking for a Political & Credit Risk Associate reporting into the Senior Analyst & Underwriter.

We offer political and credit insurance across a very broad range of counterparties, sectors and deal structures. We are looking for a Political & Credit Risk Associate with proven experience in sovereign and corporate credit risk, project finance, financial institutions and trade structures.

Job Description

• Undertake detailed financial analysis and forward-looking projections/stress testing and scenario analysis of transactions for sovereigns, corporates and financial Institutions
• Proactively monitor the Political Risk & Credit portfolio to ensure ongoing robust assessment of existing exposure
• Monitor political, legal, socio-economic and regulatory developments in countries where the team has underwritten risk and identify issues that may require further analysis or action
• Review and summarise political, macroeconomic and country-specific conditions to support the underwriting of political risk transactions
• Help to build, enhance and maintain pricing, aggregation and analytical models, working alongside pricing actuaries and underwriters.
• Actively participate in transaction related meetings, both internal and with clients and brokers
• Ensure deteriorating obligor trends are timely identified and work jointly with underwriters and where appropriate Claims to manage problem credits and/or workout situations
• Support the underwriting teams in London and Singapore in the development of new products, helping with presentations and papers to senior management and reinsurers as required

Skills and Competencies

• Analytical skills, including credit, financial institution and sovereign risk analysis (portfolio risk analysis desirable but not required)
• Knowledge of and keen interest in global economic and political affairs
• Ability to work independently, dealing with large volumes of data, and often to tight deadlines
• Able to work in and proactively contribute to a team environment

Education

University educated with a minimum of a 2:1 or equivalent title (CFA, FIA, ACII, etc.)

Why Join Chaucer?

An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.

This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.

We offer:

• A flexible hybrid work model that supports individual and team needs.
• A diverse, inclusive culture that values people for who they are.
• Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.