Credit Insurance Manager

About Us

Established in 2004, Mercuria stands as one of the world's leading integrated energy and commodity trading companies. With a turnover exceeding $110 billion, we unite energy markets to meet contemporary needs through trading, structured finance, and strategic asset investment. Our operations span over 50 countries across five continents, engaging with all major energy hubs.

We are committed to facilitating a sustainable, affordable, and reliable energy system for the future, with more than 50% of our assets aligned with low carbon and energy transition sectors. This strategic positioning allows us to trade in emerging markets and champion decarbonization efforts.

In 2023, we launched Silvania, a $500 million fund dedicated to global nature restoration and biodiversity protection, aligning with the Paris Agreement goals and the UN 30x30 biodiversity initiative. This innovative asset class supports nature protection while providing sustainable financial opportunities.

Your Role

The energy trading sector is dynamic and fast-paced, necessitating a deep understanding of financial risks. The credit department at Mercuria plays a vital role in managing credit risk through identification, structuring, and mitigating risks. A key part of this process involves deploying credit insurance policies tailored to our operational needs.

This role encompasses the comprehensive management of the credit portfolio and the utilization of credit insurance to manage overall exposure effectively. Collaborating with the global credit team, the position focuses on identifying and executing credit insurance solutions that align with transaction risk profiles and compliance needs. The individual will engage regularly with traders and external insurance partners to maintain productive relationships.

Key Responsibilities

• Structure and strategize innovative insurance solutions for both short-term and long-term transactions.
• Define and implement an overarching credit insurance strategy.
• Present deals to the insurance market and coordinate interactions between brokers, underwriters, and internal stakeholders.
• Capitalize on opportunities for challenging transactions or jurisdictions.
• Enhance insurance knowledge within the credit team and broader organization.
• Manage insurance documentation, reporting, and policy compliance.
• Oversee the claims process including documentation and recovery management.
• Possess familiarity with metals and energy markets.

Qualifications and Competencies

• Over 5 years of experience in insurance brokering or underwriting, ideally in energy, metals, or structured trade finance.
• A proven ability to foster and maintain senior relationships with internal and external stakeholders.
• Extensive connections within the global credit insurance market.
• Strong technical expertise in various credit insurance products and their conditions.
• Capability to negotiate policy terms and ensure claims defensibility.
• Effective communication and negotiation skills.
• Ability to work autonomously and manage tight deadlines.
• Understanding customer needs and responding accordingly.
• A comprehensive grasp of the commodity trading industry and its participants.
• Fluency in English.