Credit Analyst

This is a 9 Month FTC The Credit team is a standalone function responsible for counterparty credit risk appraisal. Peninsula's approach to credit analysis combines sound counterparty risk assessment with market analysis in order to provide well-justified recommendations. This fixed-term role focuses on marine credit risk. The Credit Analyst will lead in-depth credit reviews and underwriting of shipping and marine counterparties, including shipowners, operators, charterers and bunker buyers. They will produce clear, well-evidenced credit reports and portfolio reporting on marine exposures, with limited involvement in day-to-day credit operations. MAIN RESPONSIBILITIES • Carry out comprehensive credit reviews of marine counterparties, including shipowners, operators, charterers, ship managers and bunker buyers. • Analyse financial statements, fleet profiles, vessel values, charter coverage, leverage and liquidity to assess counterparty creditworthiness. • Use all relevant research, investigation methods and available data, including KYC, ownership structures and industry sources, to justify credit recommendations. • Conduct periodic reviews of existing marine counterparties and recommend changes to limits, terms or security where risk has shifted. • Underwrite new and renewing credit limits for marine counterparties within the framework of the company's risk appetite. • Recommend appropriate credit structures and mitigants, such as parent company guarantees, letters of credit, prepayment or credit insurance. • Prepare well-reasoned credit papers for approval by the Credit Team Lead and relevant committees. • Work with the credit insurance portfolio and underwriters to support cover for marine exposures. • Ensure credit recommendations are compliant with the company's sanctions policy. • Produce timely and accurate credit reports on marine counterparties and the shipping market. • Prepare regular portfolio reporting on marine credit exposure, concentrations and key risk trends for management. • Proactively monitor and report on freight markets, vessel values, regulation and other developments affecting marine counterparties. • Perform ad hoc research and analysis on marine credit topics where required. • Engage with traders, Front, Middle and Back Office, Legal and Finance on marine credit issues as they arise. • Contribute to improving credit review and underwriting methodology for the marine sector. • Support the wider Credit team on day-to-day operational matters only as needed. KNOWLEDGE, SKILLS AND EXPERIENCE • Experience in credit analysis or underwriting, ideally in shipping, ship finance, marine insurance, commodities or energy. • Bachelor's degree in a relevant field, e.g. Finance, Economics, Business, Maritime Studies or Science. • A credit or shipping qualification (e.g. ICS Shipbroking, CFA, ACCA or ICM) is an advantage. • Solid understanding of the shipping industry, including vessel types, chartering, freight markets and how they drive counterparty risk. • Experience analysing financial statements of private and public companies, including those with limited disclosure. • Highly proficient in MS Office, specifically Excel; proficiency in programming languages is an advantage. • Familiarity with credit insurance, trade finance instruments or security structures is an advantage. • Strong analytical and problem-solving skills with high attention to detail. • Strong written and verbal communication skills; able to present credit analysis clearly and concisely in written credit papers. • Ability to manage multiple reviews concurrently and deliver to tight deadlines. • Ability to work efficiently both independently and in a team. • Ability to communicate at business level in a second language is an advantage. • An open mind and a commitment to understanding other people's points of view in a multi-cultural work environment.