Credit Risk Analyst / Risk Underwriter - Corporate & Structured Credit (m/f/d)*

Credit Risk Analyst / Risk Underwriter - Corporate & Structured Credit (m/f/d)

Credit risks are the main focus of Munich Re's Financial Risk Division. Within the Reinsurance team we help manage the portfolio of corporate and structured credit exposures, working with corporate banking, trade credit, political risk, and structured finance stakeholders. The role includes analysis of creditworthiness of corporates and large transactions, evaluation of complex financing structures, preparation of internal credit applications with recommendations, determination of risk appetite, monitoring the portfolio, and interacting with clients and internal stakeholders.

Your Responsibilities

• Analysis of the creditworthiness of corporates and large business transactions.
• Evaluation of complex financing structures, including structured finance, export finance, project finance and sovereign‑risk related transactions.
• Preparation of internal credit applications with conclusive recommendations, including the independent justification of decisions for internal stakeholders and clients.
• Determination of risk appetite for major individual risks and the key business sectors.
• Diligent monitoring of the existing credit portfolio, identification of emerging risks at an early stage and implementation of appropriate risk‑control measures.
• Interaction with clients on product‑ and risk‑related topics.
• Support for the further development of tools and credit management systems.
• Assistance in evaluating and developing strategic growth initiatives and new business opportunities.

Your Profile

• University degree, preferably in business, economics or a related field, or equivalent training.
• Professional experience in corporate credit analysis, supplemented by a solid understanding of structured finance, project finance, export finance, cash‑flow‑based lending or other related product segments.
• Keen interest in following global economic and geopolitical developments, and the ability to incorporate macroeconomic factors into credit decision making.
• Strong interest in leveraging and further developing AI‑enabled tools to enhance efficiency, consistency and decision support in the underwriting process.
• Sound knowledge of accounting and regulatory requirements.
• Strong sense of responsibility, willingness and ability to justify decisions in a clear and comprehensible manner, business‑oriented approach.
• Team spirit, proactive approach, ability to work independently.
• Confident manner, strong interpersonal skills and intercultural mindset.
• Business‑level proficiency in English, additional language skills are an advantage.

Rewards & Recognition

Competitive salary: appropriate compensation for your high level of commitment.

Retirement provision: state of the art in‑house pension solutions.

Work‑life balance: promoting the compatibility of family and work in addition to overall work‑life balance.

Health management: focus on your physical and mental health far beyond legal requirements.

Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

Equal Opportunities

Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.