About PremFina

PremFina Ltd is a fast-growing venture capital-backed premium finance company that promotes financial inclusion by enabling the payment of insurance premiums by instalments. With offices in London, Warsaw, Madrid, and Sofia, it supplies insurance intermediaries with funding lines and also enables self-funding via its Software-as-a-Service (SaaS) affiliate IXL PremFina Ltd. PremFina’s shareholders include global investors Rakuten Capital, Draper Esprit Plc, Thomvest Ventures, Emery Capital, Rubicon Venture Capital, Talis Capital, and the company’s founder.

PremFina is expanding its business into Continental Europe, currently starting operations in Spain and Poland, followed up by Germany, France, Italy, Portugal, and The Netherlands.

The Senior Credit Analyst will assist with all aspects of credit risk management across a portfolio of commercial clients. and report on various industries and markets across a broad spectrum. Reporting to the Head of Credit Risk, this role is key to developing sustainable loan book growth for PremFina by writing high-quality, profitable business and mitigating any identified risks.

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Responsibilities:

• Analysing counterparty credit risks on a diverse portfolio or SME’s and mid-market corporates based across Europe – Spain, Netherlands, Poland, Germany, France, and Italy;

• Analysing the creditworthiness of insurers and brokers to ensure the loan portfolio is adequately collateralized;

• Providing recommendations and making credit decisions within delegated authority;
• Working closely with the Sales Team to proactively identify commercially acceptable solutions whilst ensuring Credit Risk requirements are met;
• Monitoring and managing arrears and defaults;
• Negotiating and agreeing re-structuring solutions for problem loans with a view to minimise bad debt;
• Review the credit policy, in line with the business risk profile, market practice, and applicable regulations ;

• Building relationships with PremFina’s network of broker partners and end clients;

• Being actively involved in improving the decision-making framework;
• Undertaking portfolio reviews where required by the policy and when requested;
• Pricing Premium Finance deals based on client credit scoring;
• Supporting the Head of Credit.

Required skills and experience:

• Technical qualifications such as degree-level education (Accounting, Finance, Business or similar);
• Credit underwriting in commercial lending (at least 5 years experience);
• Having a personal lending authority and working within an assigned risk appetite;
• Preparing and presenting credit applications;
• Underwriting across a variety of industries within non-regulated products;
• Dealing with problem loans and complex workouts;
• Understanding legal and compliance regulations notably in relation to company administrations, bankruptcies, etc;
• Credit risk reporting across a portfolio, including risk appetites and early warning indicators;
• Excellent written and verbal communication skills in Spanish and English; other languages (German or French) a plus.

Your personality:

• High attention to detail and a keen emphasis on accuracy;

• Thoughtful, analytical by nature and an ability to see both sides of the coin;

• Excellent communication skills, both verbal and written;

• Confident in your abilities, happy to make a decision and stand behind it;

• Positive, can do attitude;

• A high level of personal integrity.