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Credit Underwriting Manager

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Glencore

3d ago

  • Job
    Full-time
    Senior Level
  • Business, Operations & Strategy
    Banking & Finance
  • Johannesburg
  • 3d left

AI generated summary

  • You need a relevant degree, 8+ years in credit risk, strong communication, financial analysis, coding skills, and the ability to multitask and adapt in a fast-paced environment.
  • You will manage a team, execute credit assessments, perform financial analysis, oversee reporting, monitor risks, and enhance processes while collaborating with stakeholders on projects.

Requirements

  • Bachelor’s Degree (preferably in finance, risk management, accounting, economics, business studies)
  • Relevant Post graduate qualifications beneficial
  • Chartered Accountant, Chartered Financial Analyst, Chartered Institute of Management Accountant is beneficial
  • Minimum. 8 years of Credit Risk/ Credit Underwriting experience in mining, commodity trading, banking, insurance or consultancy
  • Financial Analysis experience would be beneficial
  • Coding skills in VBA, PowerBI, Python advantageous
  • Proficient knowledge using Microsoft Office (i.e. Access, Excel, PowerPoint)
  • Strong communication skills
  • Ability to work independently & as part of a rapidly changing team
  • Multi-tasking and excellent management of time and priorities is essential
  • High level of attention to detail and data accuracy, ensuring analysis is focused on delivering practical business benefits, often in tight deadlines
  • Highly numerate, with good problem-solving and analytical skills
  • Pro- active, committed and highly motivated
  • Ability to work independently
  • Ability to work well in a team
  • Need to be adaptable, flexible and entrepreneurial
  • Takes initiative and invest energy to resolve queries and take action as needed

Responsibilities

  • Manage and mentor team of credit underwriting analysts providing day to day functional management support.
  • Support the Global Head of Underwriting in ensuring day-to-day delivery and execution of Credit Assessments including adhering to and reporting on respective KPI’s
  • Execute the strategy/vision as set-out by the Global Head of Underwriting including ensuring effective resource allocation, prioritisation, motivating the team and supporting in building an strong culture
  • Perform Credit Assessments - limit & rating setting and re-assessment - of a specific portfolio within the global oil marketing department.
  • In-depth financial analysis including spreading financial data, helping to score counterparties through in-house scoring models and updating Credit Rating and advising on credit risk appetite.
  • Responsible for more complicated reviews needing assessment of structures and valuations (investments, loans, assets, …).
  • Review and provide guidance to the team on assessments to ensure quality and consistency
  • Ensure day to day monitoring, management and escalation of triggers to Credit stakeholders
  • Providing In-depth analysis on sovereigns and sectors relevant to the portfolio you are covering.
  • Periodically and ad-hoc as required produce macro-economic analysis and commentary relevant to the portfolio you are monitoring.
  • Responsibility and oversight with respect to Global Oil Credit Risk reporting (bespoke, cross-group and cross-functional) provided to senior stakeholders.
  • Reporting on UW KPIs; continuously looking to improve processes.
  • Build the relationship with and communicate effectively with senior management and the commercial credit team.
  • Involvement in on-going and ad-hoc Projects both at a local team level and related to Global Credit here
  • Identify and present issues to relevant Global teams, clearly and logically.
  • Any other ad hoc duties that may be required from time to time.

FAQs

What is the location for the Credit Underwriting Manager position?

The position is based in Johannesburg, Gauteng, South Africa.

What is the closing date for applications?

The closing date for applications is 06/12/2024.

What are the primary responsibilities of the Credit Underwriting Manager?

The primary responsibilities include managing and mentoring a team of credit underwriting analysts, executing credit assessments, performing financial analyses, monitoring credit risks, and reporting on portfolio trends.

What qualifications are required for this position?

A Bachelor’s Degree in finance, risk management, accounting, economics, or business studies is required, along with relevant post-graduate qualifications being beneficial.

How much experience is necessary for the Credit Underwriting Manager role?

A minimum of 8 years of Credit Risk or Credit Underwriting experience in sectors such as mining, commodity trading, banking, insurance, or consultancy is required.

Are there any preferred skills for applicants?

Yes, coding skills in VBA, PowerBI, or Python are advantageous, along with strong financial analysis experience.

What competencies are essential for success in this role?

Essential competencies include strong communication skills, the ability to work independently and as part of a team, excellent time management, high attention to detail, and adaptability.

Who does the Credit Underwriting Manager report to?

The Credit Underwriting Manager reports to the Head of Underwriting based in London.

What kind of analysis is the Credit Underwriting Manager expected to perform?

The role includes performing in-depth financial analysis, credit assessments, and macro-economic analysis relevant to the portfolio being covered.

How can candidates apply for the position?

Candidates can apply through the Careers Portal at the specified link: https://www.glencore.com/careers/career-opportunities.

Does Glencore have a commitment to sustainability?

Yes, Glencore is committed to reducing its industrial emissions and achieving net zero by the end of 2050, subject to a supportive policy environment, as outlined in their Climate Action Transition Plan.

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Glencore

Energy
Industry
10,001+
Employees
1974
Founded Year

Mission & Purpose

We are a global and diversified natural resource company. From powering the electric vehicle revolution, to the smartphone in your pocket, the commodities we source enable modern life.