This role will Contribute to a profitable and sustainable growth of TCI and other LoB operations in minimizing losses and maximizing recoveries emanating from large, sensitive buyer risks placed with the Special Risks Unit (SRU) team.
Reporting into the head of SRU, the Special Risks Unit expert is a senior in his/her role and responsible for:
* Monitoring, alerting and making proposals to improve the earliest possible identification of deteriorating risk or buyers at risk of default.
* On a case by case basis, identifying and applying the best possible (non-) standard risk exposure reduction and mitigation strategies, including recovery strategies, and binding all impacted IBU as the head BBU of the Sensitive Risk. * Undertaking efficient and swift communication with both buyers and policyholders to ensure a consistent message supporting risk strategy implementation.
* Proactively maintaining intelligence on the market through networking, awareness of new financial/business practices, and new data/information sourcing.
Responsibilities
- Swiftly and decisively take over assigned SRU cases from mainstream RUW and evaluate all key relevant info/data for thorough and fast buyer risk assessment.
- Develop, on a case by case basis, optimal risk exposure and recovery strategies to minimize losses and maximize recoveries. Leverage best practices, lessons learned, and experience.
- Identify, advise, and implement risk mitigants based on excellent knowledge of policy conditions and recovery/debt restructuring techniques. - Take and own the risk decision as BBU and bind the IBU, and consistently explain the strategy to get buy-in.
- Engage with Buyers, Customers and other stakeholders (legal – lawyer, Insolvency practitioner, auditors…) and develop sustainable relationships.
- Devise and execute the risk monitoring plan (review dates, actions follow up, updates…), taking care of ad-hoc reports to internal and external stakeholders, and undertaking necessary follow up actions and their execution.
- Identify the need, plan and participate in Buyer/Creditor meetings, and represent Allianz Trade and its customers in a highly professional manner (know the parties at the table - define the objectives to be reached and the boundaries ((non) negotiables) - run the meeting in an effective manner - write the Minutes - perform follow up activities)
- Identify, build and engage with relevant financial/business contacts in the market/industry and become visible and recognized as a higly trusted professional.
- Write all required reports and participate in relevant Committees.
- Enter the required data in IT systems related to procedures, guidelines, KPIs, and SLAs.
- Share and promote the purpose of the SRU role through Lunch & Learn, Best Practice sharing, and other related initiatives.
Requirements
- Excellent in financial analysis, including new financial structures and in Risk U/W decision taking.
- Bachelor in Finance or equivalent in experience.
- Fluency in English - Very good knowledge and understanding of Allianz Trade products and services and able to deliver a different customer experience
- Very good knowledge of domestic and relevant international court and legal proceedings
- Strong analytical skills,critical and creative thinking
- Excellent listening skills and very strong communicator (verbal and written), adjusting the tone to the target audiences and able to deliver a difficult message
- Strong negotiator, able to influence stakeholders, resit pressure and take tough decisions .
- Flexible, adaptable, pragmatic
- Thorough, precise, firm, very well organized
- Ability to develop a network to build relations and trust
- Willing to travel on short term notice and outside of usual business hours to deal effectively with urgency and crisis situations.
