Senior Credit Manager - Marine (EMEA & Americas)

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Credit Manager / Senior Credit Manager (EMEA & Americas)     

This role will be tasked with leading & managing the Marine Credit team based in the UK, and the responsibility for assessing and monitoring the credit risk of the Marine portfolio covering Europe, Middle East, Africa, and the Americas.

Location: UK based (Remote) with the expectation of commuting to the Canary Wharf office, leading the Marine Credit team visits 1-2 times per month.

Key duties and responsibilities include:

• Manage the London based Marine Credit team, comprising a team of credit analysts that are assessing and monitoring the credit risk in the Marine portfolio.
• Responsible for the overall assessment of credit risk in the Marine portfolio covering the EMEA and Americas. Including the quality of output, the ability to highlight concerns, flag rising exposures etc.
• Managing credit requests and exposures, review credit lines as market events and company credit policy dictates.
• Regular engagement with the Commercial teams globally to provide Credit support and build relationships.
• Ability to independently interact with senior leaders and present recommendations in a professional and compelling manner.
• Keep abreast of market changes and counterparty related news and the ability to anticipate their potential impacts on the Marine portfolio.
• Regular engagement with existing and potential clients, which will include dialogue on phone calls, Zoom, face to face meetings, office visits and international travel.
• Inform senior management of any material collections related issues as soon as identified.
• Liaise with the Legal Department on all collection issues that are not resolvable outside of legal recourse.
• Assume a leadership role and managerial duties. The latter of which will include, but not limited to, assessing reviews completed by the Marine Credit team, assigning credit reviews, anticipating, and highlighting potential credit issues, overall monitoring of exposures.

Person Specification:

This role will suit an experienced candidate who has a driven attitude to maintain a positive bad debt record, uphold a high and consistent quality of analysis from the Marine Credit team and a profound interest in shipping and the commodity markets; or a senior analyst who is looking to take the next step in their career. The ability to form one’s own opinions on the markets etc and vocalise them is essential.  

Essential Skills:

• A minimum of 5-years of marine bunker credit experience; or applicable relevant shipping experience (e.g. ship finance, shipping/commodities analyst etc).
• Previous experience of managing and leading a team.
• Strong knowledge of the shipping markets and the major groups, operators, families etc within. A clear understanding of the commodity markets and the ability to monitor changes.
• Flexible approach to work, comprising of undertaking duties often outside of office hours to international travel to meet clients face to face.
• Excellent communication skills, and the confidence to liaise with senior leaders in the organisation.
• Strong organisational skills.
• Ability to be independently minded and willing to enact positive changes to all facets of the credit process.
• Resilience in the face of time sensitive working environments.
• Must have the confidence to be decisive, executing difficult credit decisions, often under time constraints.
• Excellent analytical skills, including assessing financial statements (P&Ls, balance sheets, cash flow statements).
• A thorough understanding of legal documentation and collateralisation including, corporate guarantees, Letters of Credit, NDAs etc.
• Ability to multi-task everyday – handling credit requests, liaising with clients, attending meetings/calls, assessing credit reviews etc.
• A firm understanding of derivative tools (swaps, FFPs etc), how they work and are implemented.

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