Credit Insurance Manager / Credit Insurance Manageress

About Mercuria

Established in 2004, Mercuria is one of the leading integrated energy and commodity trading companies in the world. We bring energy markets together to support the needs of today by trading, structuring finance, and investing in strategic assets, generating over $110 billion in turnover.

Our operations span over 50 countries across five continents, including all major energy hubs. We trade physical oil, energy products, environmental products, and various other commodities from locations such as Geneva, London, Singapore, Shanghai, Beijing, Dubai, Houston, Calgary, and Greenwich (CT).

We are committed to advancing the transition to a more sustainable, affordable, and reliable energy system for tomorrow. Over 50% of our assets are in low-carbon and energy transition sectors, providing a robust platform for trading in these new markets and supporting decarbonization efforts.

In 2023, we launched Silvania, a $500 million fund dedicated to the restoration and protection of nature and biodiversity globally, aligned with the goals of the Paris Agreement and the UN 30x30 biodiversity initiative. This initiative supports nature protection and aims to provide sustainable financial solutions.

Role Overview

The trading business within the energy industry is fast-paced and constantly evolving. To ensure we effectively understand and manage the financial risks associated with this dynamic environment, the credit department plays a crucial role within Mercuria. This team is responsible for identifying, structuring, managing, and mitigating credit risk.

One of the key aspects of credit risk mitigation involves the deployment of credit insurance policies, which encompass single name, whole turnover, and all relevant insurance products for our operations. The scope of this role encompasses the entire credit portfolio and the utilization of credit insurance to manage overall credit exposure for each counterparty. This position works closely with the global credit team to identify and execute credit insurance policies tailored to our needs.

In collaboration with the credit team, the individual in this role will structure, negotiate, and implement bespoke insurance solutions aligned with transaction risk profiles, capital efficiency objectives, and risk appetite constraints. Strong partnerships with traders, the credit team, and the broader finance organization, alongside robust external relationships within the insurance industry, are essential.

This role requires strong communication and interpersonal skills to thrive in a dynamic trading environment.

Key Responsibilities

• Structure and strategize appropriate insurance solutions for both short-term and long-term deals, incorporating creative elements such as portfolios, top-ups, layering, and syndication.
• Define and execute the overall credit insurance strategy.
• Lead presentations of deals to the insurance market.
• Coordinate responses among insurance brokers, underwriters, and internal stakeholders (traders, deal team, Credit, finance).
• Develop capacity for challenging transactions or jurisdictions.
• Enhance insurance knowledge within the credit team and the wider organization.
• Manage all insurance documentation, reporting, and compliance with policy obligations.
• Oversee any claims processes, including notification, documentation, coordination with legal, and recovery management.
• Familiarity with metals and energy markets.

Qualifications & Competencies

• Over 5 years of experience in insurance brokering or underwriting, preferably covering energy, metals, or structured trade finance exposures.
• Ability to build and maintain effective relationships with internal and external counterparties, including underwriters, brokers, and financing banks.
• Strong network across the global credit insurance market.
• Robust technical understanding of single risk, whole turnover, portfolio, and structured credit insurance products, including policy wording and claims mechanics.
• Skilled in interpreting and negotiating policy terms, exclusions, and conditions to ensure enforceability and defensibility of claims.
• Strong decision-making capability regarding risk assessment.
• Excellent communication skills.
• Able to work independently, meet tight deadlines, and navigate obstacles to conclude negotiations successfully.
• Good facilitation and negotiation skills.
• Understanding of customer needs with effective response strategies.
• Deep understanding of the commodity trading industry and its participants.
• Fluent in English.

Apply online using the form below. Only applications matching the job profile will be considered.