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Shipping Finance Associate

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ING

7d ago

  • Job
    Full-time
    Mid & Senior Level
  • Accounting & Tax
    Banking & Finance
  • London

AI generated summary

  • You need 3-5 years in banking, strong accounting knowledge, degree, Excel skills, and a collaborative spirit. CFA Level I is a plus; UK work rights are desirable.
  • You will manage client relationships, conduct analysis, prepare marketing materials and proposals, liaise with internal teams, and contribute to projects while collaborating globally.

Requirements

  • Experience/Knowledge
  • Essential:
  • 3-5 to five years banking experience within a lending team, any sector.
  • Good knowledge of accounting principles
  • Understand and interpret financial statements
  • Able to build forward looking financial projections including P&L, balance sheet and cashflow statement
  • Desirable:
  • Keen interest in macro economics
  • Qualification/Education
  • Essential:
  • Educated to degree level
  • Desirable:
  • CFA level I and upwards
  • Personal Competencies
  • Collaborative and inclusive team player with demonstrated ability to work across different business lines.
  • Self motivated and willing to work in a deal oriented and deadline driven environment and ability to multi-task.
  • Numerate, good Excel skills, inquisitive mind and strong communication skills (written and oral).
  • Positive can-do attitude and a sense of humour.
  • Desirable:
  • Right to work in the UK.

Responsibilities

  • To support the Team’s Directors in identifying new target clients and in addition grow the business with existing clients by identifying new opportunities and idea generation. Core responsibilities to include:
  • Assist with the ongoing management of client relationships, identification of potential new clients and monitoring of risk.
  • Desk top analysis using proprietary systems, 3rd party subscription services and publicly available information.
  • Preparation of marketing materials, pitch books etc.
  • Structuring and pricing of new loan facilities and preparation of indicative term sheets for approval by senior management
  • Preparation of commercial proposals for submission to relevant internal approval authorities including calculation of returns using the Bank's internal risk models.
  • Liaison with internal departments including Financial Markets, Capital Markets & Advisory, Transaction Services, Loan Distribution Group, Sustainability etc. to ensure full range of bank products are available to clients and returns are maximised.
  • Collaborate closely with the Transaction Management and Portfolio Management functions through the facility execution process and throughout the client lifecycle,
  • Where necessary contribute to internal projects to support the team’s satisfaction of both bank and regulator requirements.
  • You will be expected to co-operate and share best practice with the Bank’s other Shipping Finance Teams in Amsterdam, Frankfurt, New York and Singapore.
  • Preparation of internal and external presentations, including supporting research material.

FAQs

What is the work arrangement for the Shipping Finance Associate position?

The position offers a hybrid working pattern, requiring a minimum of three days in the office based on business needs.

What qualifications are essential for this role?

A degree is essential for this role, along with 3-5 years of banking experience within a lending team and good knowledge of accounting principles.

Is previous experience in the shipping industry required?

No, previous experience in the shipping industry is not explicitly required, but a keen interest in macroeconomics is desirable.

What kind of training will be provided for this position?

The role will provide opportunities for both on-the-job and formal training to facilitate career progression.

What are the main responsibilities of the Shipping Finance Associate?

Main responsibilities include assisting with client relationship management, conducting desktop analysis, preparing marketing materials and proposals, structuring loan facilities, and collaborating with various internal departments.

What personal qualities are preferred for candidates applying to this role?

Candidates should be collaborative and inclusive team players, self-motivated, able to work in a deadline-driven environment, numerate with good Excel skills, and possess strong communication abilities.

Are there any additional desirable qualifications for this role?

Yes, pursuing CFA Level I or higher is considered desirable, along with having the right to work in the UK.

What does ING value in its employees?

ING values integrity, collaboration, self-reliance, and innovation as outlined in the Orange Code, which defines how employees are expected to act.

How does ING view diversity in the workplace?

ING sees diversity as fundamental to its success and encourages a proper work/life balance, rather than merely a box to be ticked.

Will I be working alone, or will there be opportunities for collaboration?

The role requires collaboration with various teams within the organization, including the Shipping Finance Teams in other global locations.

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ING

Empowering people to stay a step ahead in life and in business.

Finance
Industry
10,001+
Employees
1991
Founded Year

Mission & Purpose

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers.