Senior Underwriter - Civil, Infrastructure and Energy (Multiple Posts - Renewable & Transitions, Infrastructure and Construction, and Strategic Sectors Division)
UK Export Finance
Apply before 11:55 pm on Sunday 3rd November 2024
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About the job
Job summary
UKEF’s Business Group is at the very heart of what we do as a department. Due to expansion and growth of our business and customer base UK Export Finance (UKEF) is looking to fill a number of Senior Underwriter roles in both the Civil, Infrastructure & Energy and the Strategic Sectors Division within UKEF’s Business Group. Typically, our support can help UK exporters win, fulfil and get paid for contracts in all sectors.
We are recruiting for multiple roles within
- Senior Underwriter, Infrastructure & Construction
- Senior Underwriter, Strategic Sectors Division
- Senior Underwriter, Renewables & Transition
The Senior Underwriter must ensure that any export finance support which is provided meets the needs of the customer and complies with UKEF’s governing Act of Parliament, the Consent to operate by HM Treasury, International Agreements applying to Export Credit Agencies as well as being compliant with UKEF’s own policies and practices.
The role gives an opportunity to be instrumental to the delivery of a portfolio of potentially high profile, high value and complex transactions. You will work on multiple cases, simultaneously, in a highly pressurised, commercially driven, technical, international environment. The ability to respond within commercially driven timescales is particularly important.
The role often involves significant analysis of complex and non-standard issues to enable timely decision making, seeking advice as necessary from professional advisers and colleagues; being able to interpret and act on advice; knowing when to refer upwards and ensuring the proper recording of decisions made by relevant members of the team.
There will be opportunity for marketing representation both in the UK and overseas and to help build/maintain important commercial relationships.
It also often involves producing specific and detailed authoritative advice for senior decision makers, obtaining relevant legal and other advice as required, in order to fully meet the needs of senior decision makers and exercising your own judgement as appropriate. Seeing the bigger picture in relation to decisions being made or recommended in the context of UKEF’s objectives and the wider world will also be key. The successful candidate will demonstrate excellent judgement, with a clear ability to act as an informed and intelligent customer across a wide range of disciplines including credit, legal pricing, and international relations.
Job description
- Working in a cross disciplinary team to come up with creative solutions regarding risk and financial structuring and documentation.
- Building good day to day relationships with senior members of the banking and exporting community.
- Managing decision making processes relating to new business.
- Obtaining the necessary internal and cross Government approvals, e.g. by UKEF’s Credit Committee.
- Negotiating and issuing documents (supported by legal and other colleagues) to enable support to be made available by any UKEF insurance product or loan guarantees to banks or via a direct lending solution.
Training and Development is a key part of the process, but you will also be expected to seek out and take development opportunities and be keen to expand your own knowledge base.
There will be opportunities to manage staff; setting objectives, delegating work, coaching, training and development and managing performance.
The main activities listed above are not exhaustive but are intended to encapsulate some of the fundamentals of each role. As the roles and the needs of the business evolve, so too may the main activities.
Person specification
ESSENTIAL
- Knowledge
- Understanding of international finance techniques used in export finance or similar techniques with a suitable read across. (A, I, P)
- Capacity to evolve/develop learning about main finance and risk structures used in export finance/project finance. (I)
- To be able to quickly build a full understanding of the financial environment that UKEF operates within and to understand the wider UKEF and external picture. (I)
- Skills
- Ability to communicate effectively (oral and written) to be credible with a wide range of senior stakeholders. (A, I, P)
- Ability to effectively draft case related documents e.g. credit submissions, case related policy papers and submissions to senior management and external parties. (A, I)
- Numeracy skills and analytical ability, to effectively review a range of issues. (A, I)
- Ability to understand complex, financial, legal and policy issues. (I)
- Ability to problem-solve and to think through a range of policy and customer propositions (I)
- Ability to provide professional advice and to deal with customers at senior levels creatively when difficult or unusual problems are presented. (A, I)
- Ability to analyse drafting and to identify issues in finance documentation. (A, I)
- Ability to work without close supervision, exercise autonomy sensibly and to ensure that deadlines are met. (A, I)
- Ability to work effectively within cross- departmental teams. (A, I)
- Able to proficiently use Microsoft Office products - Word, Excel and PowerPoint (A, P)
- Experience
- Commercial process management experience: managing transactions from application to delivery. (A, I)
- Experience of working with commercial teams to deliver outcomes. (A, I)
- Explaining and/or advocating complex transactions, cases, proposals or propositions to senior internal stakeholders and/or external customers. (A, I, P)
DESIRABLE
- Knowledge
- Knowledge of Export Credit Agency product range.
- An understanding of exporting challenges and issues from the UK exporter perspective.
- Skills
- Previous management experience in a similar working environment
- Project management
- Experience
- Contract, lease, guarantee, other financial or commercial negotiation experience.
- Experience of contract negotiations, especially relating to export and finance contracts and the legal and policy interconnections between different contracts.
- Experience of credit risk analysis – analysis of accounts, business plans, projections.
- Experience of managing multidisciplinary teams.
Behaviours
We'll assess you against these behaviours during the selection process:
- Managing a Quality Service
- Delivering at Pace
- Communicating and Influencing
- Working Together
Technical skills
We'll assess you against these technical skills during the selection process:
- Case Study with Presentation (the Case Study will be given to candidates a week prior to their Interview)
Benefits
- Learning and development tailored to your role
- An environment with flexible working options
- A culture encouraging inclusion and diversity
- A Civil Service pension with an employer contribution of 28.97%
Things you need to know
Selection process details
We are assessing candidates using Success Profiles (see Appendix 1) and across the whole process we will assess your Experience, Technical, and Behaviours as highlighted below.
The application must be completed by 23.55 on the day of the closing date for it to be accepted.
All applications will be sifted against our essential criteria outline in the person specification.
- Your knowledge and understanding of International Finance techniques
- Statement of suitability - you should fully articulate in 500 words how you meet the essential criteria outlined In the person specifications within the Information Pack.
For the initial sift your application will be evaluated against:
- Your knowledge and understanding of International Finance techniques
- Experience - Application and Statement of Suitability
If you are successful following the sift stage, you will be invited to an initial interview; this will include the following assessment:
- Behaviours - a formal panel interview where you will be interviewed across all four behaviours highlighted.
- Managing a Quality Service
- Delivering at Pace
- Communicating and Influencing
- Working Together
- Technical
- Case Study with Presentation (the Case Study will be given to candidates a week prior to their Interview)
Details of interview panel members will be e-mailed to all successful candidates who are invited for interview.
Feedback will only be provided if you attend an interview or assessment.
Security
Nationality requirements
Working for the Civil Service
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).
Diversity and Inclusion
Apply and further information
Contact point for applicants
Job contact :
- Name : UKEF Recruitment
- Email : Recruitment2@ukexportfinance.gov.uk
Recruitment team
- Email : Recruitment2@ukexportfinance.gov.uk
Further information
