Underwriter (Trade Finance Division)
UK Export Finance
Apply before 11:55 pm on Sunday 13th October 2024
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About the job
Job summary
UK Export Finance has recently undergone an internal consultation to review the current structure of its Business Group (BG) and a decision has been made to create two new distinct directorates:
- Large Corporates & International
- Small & Medium Enterprises and Trade Finance
This will enable us to fully focus on specific customer requirements and to aid product delivery for the respective markets in which UKEF provides support. Typically, our support can help UK exporters win, fulfil and get paid for contracts in all sectors.
Job description
The Trade Finance Division (TFD) sits within the Small & Medium Enterprises and Trade Finance directorate and is accountable for the delivery of UKEF’s short-term business products: Bond Support Scheme, Export Working Capital Scheme, General Export Facility, Export Insurance Policy, Supply Chain Finance and Bond Insurance Policy (BIP). TFD comprises the Short-Term Business Underwriting Team (STBU), Post-Issue Management (PIM), and Business Group Operations (BSG).
The advertised role sit within this division and would suit a highly motivated individual who is process driven.
The main responsibilities of this post includes:
- Dealing with new business enquiries and reviewing applications for UKEF support. Determine viability and liaise with relevant parties for any absent information.
- Assisting with casework, in the preparation of credit papers and in negotiation of transactions; identification of key entities and ultimate beneficial owners;; administering policies and guarantees; and customer relationship management. You will also be expected to interface with external stakeholders (exporters, banks, overseas buyers and project sponsors etc.).
- Obtain a technical knowledge of Export Finance, Trade Finance and Credit Insurance products, and gain an understanding of the wider political, legal, and risk environment in which UKEF and the wider Civil Service operate.
- Manage case work, ensuring all relevant communications and documents are correctly processed and stored in the relevant UKEF systems and databases.
- Learning and Development – continuously develop knowledge of UKEF’s products and policies and internal/external factors that impact UKEF’s operating environment.
- Explaining clearly UKEF’s products and processes. Contribute to policy development and process improvement.
- Participate in marketing activities as required, including giving presentations at meetings.
This list is not exhaustive; you may be required to carry out additional duties according to business need.
Person specification
UK Export Finance is looking for motivated individuals with a desire to learn about the business. Successful candidates will be provided not only with functional training to enable them to do well in their role, but also with personal development to help them to achieve their career ambitions. Please note that the person specification below outlines at which stage(s) you will be assessed on how you meet the criteria for the role(s) including:-
A = assessed at application stage I = assessed at interview stage T = assessed by test stage P = assessed at presentation stage
Essential
Qualifications
- 5 GCSE passes (including Maths and English) at Grade 4 (C) or above; or equivalent or relevant demonstrable experience. [A]
Knowledge
- A working level understanding of the political, commercial, legal and risk environment that UKEF operates in and the wider Civil Service. [A, I]
- Knowledge of international financing structures and UKEF products. [A, I]
Skills / Ability
- Good written communication skills i.e. the ability to create good first drafts of documents and presentations for senior managers. [A]
- Oral communication skills i.e. able to present effectively, clearly and persuasively. [A, I, P]
- Analytical ability sufficient to be able to understand financial, legal and policy issues. [A, I]
- Able to use MS Office products, in particular Excel, PowerPoint and Word. [A]
- Highly organised & methodical approach to managing a workload. [A, I]
- Ability to develop and maintain effective professional relationships. [A, I]
Experience
- Experience of working in teams. [A]
- Experience in working in an environment where attention to detail is paramount. [A, I]
- Experience of working with internal and external stakeholders. [A, I]
- Experience of Financial analysis / Credit Risk analysis. [A, I]
Desirable
Qualifications
- Relevant professional qualifications e.g. Diploma in International Trade. [A]
Knowledge
- Basic Understanding of the Principles of Credit risk analysis. [A]
Skills/Ability
- Familiarity with Salesforce, estore / SharePoint (not exhaustive). [A]
- Management skills sufficient to coach and manage junior team members[A, I]
- Ability to understand and interpret financial statements. [A]
- Loan negotiation skills and familiarity with legal documentation. [A]
Experience
- Commercial, banking, financial institution or legal experience. [A]
Other requirements
- Roles may require UK and/or international travel.
- Some knowledge of foreign languages would be useful.
Behaviours
We'll assess you against these behaviours during the selection process:
- Managing a Quality Service
- Delivering at Pace
- Working Together
Technical skills
We'll assess you against these technical skills during the selection process:
- Tell us about your experience in credit risk and / or financial analysis.
- Presentation
We only ask for evidence of these technical skills on your application form:
- Tell us about your experience in credit risk and / or financial analysis.
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
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 outlined in the personal specification.
- Statement of suitability - you should fully articulate in 500 words how you meet the essential criteria outlined in the person specification within the Information Pack.
- Technical question and presentation.
For the initial sift your application will be evaluated against:
- Qualification.
- Experience - Application and Statement of Suitability.
- Technical question (250 words) - Tell us about your experience in credit risk and / or financial analysis.
If you are successful following the sift stage, you will be invited to an initial interview; this will include the following assessment:
- Behaviours/ Experience - a formal panel interview where you will be interviewed across all three behaviours highlighted:
- Behaviour – Working Together
- Behaviour – Delivering at Pace
- Behaviour – Managing a Quality Service
- Technical:
- Presentation
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 : Recruitment Team
- Email : Recruitment2@ukexportfinance.gov.uk
Recruitment team
- Email : Recruitment2@ukexportfinance.gov.uk
Further information
