Job Overview

Structured Credit Underwriter

Location: London Salary: £100,000 - 130,000
Type: Permanent Contact: Kerren Leach
Posted: about 1 year ago

This niche insurer based in London and Bermuda are looking to hire an experienced Structured Credit professional to join their underwriting team. The team pride themselves in writing innovative one-off structures rather than the standard trade/commodity finance business offered by the majority of the insurance market.

Therefore, they are keen to engage with highly innovative insurance market professionals, as well as individuals from banking institutions who have experience and knowledge of some of the following solutions and are willing to learn the others:

  • Asset Finance (Aviation Finance, Real Estate, Shipping, Telecoms, etc)
  • MOF & Sovereign Lending (medium to long term, including project finance, infra finance, telecoms, etc)
  • Portfolio Securitisation (e.g. mortgage capital relief, other capital relief strategies)

Typically you will be working on a smaller number of transactions but with a view to deploying larger insurance limits, that being said you will see a larger number of opportunities so must be able to quickly risk select and identify the right blend of risk versus reward.

The roles within insurance are quite different to being within a deal team at a bank, you must have a good blend of credit knowledge and able to quickly identify the obligor risk, but also a good understanding of structure and origination, being able to build relationships with clients and introducers (brokers).

Ideally you should have knowledge of how insurance can be used by banks for both risk sharing and capital relief purposes, and perhaps will have interacted with the insurance market.

A competitive package will be on offer with a basic salary getting towards late five figures / early six figures and the opportunity to double your basic in bonus.

To be considered you must be working within the London, Continental European, or US Banking/Insurance markets.

Please don’t hesitate to apply online, or for a confidential discussion me directly.