Investment Banker, Insurance Solutions Group, Associate or Vice President

Job Title:              Investment Banker, Insurance Solutions Group, Associate or Vice President              
Corporate Title:   Associate or Vice President          
Department:       Investment Banking Division
Location:            London             

Department overview

The Insurance Solutions Group (“ISG”) is a team within the broader Client Financing and Solutions (“CFS”) business, a team within the Nomura’s investment banking division. 
 

ISG delivers bespoke financing and capital solutions to insurance companies and their owners, including financial sponsors and PE-backed insurance platform. Our focus:

• Financing solutions – structured financing solutions lending against insurance linked assets (such us acquisition term loans facilities and bridge loans).
• Capital solutions

Successful execution of a transaction requires a good understanding of regulatory, accounting and actuarial considerations on the insurance company’s side, as well of the underlying risks being assumed by Nomura under the transaction.

Role description:

You will play a central role in originating, structuring, and executing innovative insurance financing and capital solutions. This role is highly entrepreneurial and client-facing, with significant exposure to senior dealmakers, sponsors, and the C-suite at top-tier insurers and consolidators. This will include:

• Production of materials to support the business including:

• Client marketing presentations
• Internal materials (e.g. committee memos, presentations on transactions, etc)

• Working with internal stakeholders including structuring, trading, risk, legal, and compliance to help manage internal processes
• Working with external stakeholders including clients, lawyers, actuarial consultants to help manage transaction execution

• Credit analysis including due diligence review and internal credit approval processes
• Cash flow and financial modelling
• Development / review of transaction documentation (e.g. term sheets and legal documentation)

• Working with senior members of the team to maintain and develop client relationships to originate and syndicate transactions. Ideally owning a portfolio of clients.
• Researching client, market and regulatory developments
• Development of new insurance solutions structures

Key objectives critical to success:

• Independent thinker with keen attention to detail and willingness to question

Preferred Experience & Background:

Candidates will be judged “in the whole” based on a combination of aptitudes, skills and experience. The skills / experience listed below will each be considered a positive factor in such assessment, and whilst candidates are expected to possess several of them, lack of any specific item above should not prevent candidates from applying.

• A good understanding of key insurance concepts including
• Knowledge of assets and liabilities on insurance company balance sheets and key drivers of risk
• Regulatory capital frameworks with particular focus to Solvency II, Bermuda ad Lloyd’s of London capital requirements

• Private debt / acquisition finance transactions
• Reinsurance or capital optimization projects
• ALM structuring for insurers
• Client advisory on capital management and risk management issues
• Marketing of financing products

• Strong Excel-based cash flow modelling (actuarial modelling helpful but not required)
• Comfort with transaction documentation and credit processes

Nomura competencies

Explore Insights & Vision

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions

• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.

Inspire Entrepreneurship in People

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion

• Respect DEI, foster a culture of psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).