Credit Analyst Leicester, United Kingdom

Tokio Marine HCC ,
Leicester, Leicestershire
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Job Description

Description Position at Tokio Marine HCC JOB DESCRIPTION Job Title: Credit Analyst Reporting To: Head of Risk Division/Group: TME Direct Reports: Location Rearsby Job Description Job Purpose: Monitoring of buyer portfolio and analytical assistance to underwriting team Key Responsibilities: Undertake ongoing buyer / credit limit monitoring to ensure continued profitability within the portfolio. Analysis of financial statements to establish creditworthiness. Allocation of monitoring alerts to the specialist underwriting team. Explanation of reasons for reducing / withdrawing limits to CRD Direct contact with both brokers and policy holders as required to provide explanations for decisions. Review and processing of policyholder overdue reports referred by Underwriting Assistant, including reducing / withdrawing of limits and sanctioning of policyholder repayment plans up to a value of 25k within agreed guidelines. Ensuring group structures are amended Strict use of the underwriting criteria to grant credit limits. General support to the risk underwriting team as required. Other reasonable duties instructed by the Risk Underwriting Manager Dealing with the monitoring of changes in buyer ratings to grade 7 or 8 Skills and Experience Specification: Role Illustration: In this role you will be working closely with the risk team and liaising with our customer relations team and claims team. The credit division is a friendly place to work and you will be well supported by other members of the risk team. In dealing with the responsibilities identified above you will have to have strong communication skills as you will need to explain our decisions to policyholders, brokers and internal staff in the Customer relations team. You will need to develop strong financial analytical skills, have a good understanding of financial statements and keep up to date with reporting developments. You will need an awareness of the economic environment and the market conditions that influence the Credit Insurance product. Performance Objectives * Effective monitoring of our buyer portfolio to ensure limits are withdrawn or reduced where appropriate. The loss ratio of the division will be a clear objective measure of success * Assistance with the implementation and operation of the buyer grading system is a key objective in this role * Detailed understanding of financial statements leading to the correct decisions to withdraw or reduce cover as appropriate is a critical skill required in the * There are over 50,000 buyers in the portfolio and the volume of reviews required each day is high. There is assistance from automated processes. Quick and accurate decision making is required Employee Value Proposition * There is a clear career path within Tokio Marine HCC, an A rated Insurance group * This job is interesting, challenging and represents an excellent opportunity for the right candidate * There is an opportunity to become a specialist sector underwriter if the right initiative and skills are demonstrated. Approved By: Date: Job Holder Signature: Date: For HR use: Job Code: TW code: The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tokiomarinehcc.com for more information about our companies. 1

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