Underwriter Insurance Linked Securities

What you will do

Actively participate in the origination and sourcing of investment opportunities through:

Ownership for assigned reinsurance markets (e.g. lines of business, territories, transaction types)

Market research to define investable transaction universe within the assigned markets

Management of relationship with producers and sponsors (reinsurance brokers and protection buyers)

Attending industry conferences and representing Schroders Capital ILS

Marketing trips to producer offices

Evaluation of non-life reinsurance investment opportunities, both in securitized bond format and as traditional collateralized reinsurance format:

Execution of qualitative risk assessment and support quantitative pricing of public 144A and private collateralized transactions using outputs of vendor catastrophe models and proprietary tools

Contribution to investment decisions by transaction triage and provision of initial deal risk and qualitative assessment to Portfolio Management team

Support for Analytics and Risk Management team on post-event assessments

Presentation of relevant material and recommendations to Portfolio Management and Investment Committee to allow the evaluation of underwriting opportunities

Assume responsibility in transaction-related legal and contractual work (wordings, slips, trust and service agreements) with a focus on collateralized reinsurance and transactions using third party transformer vehicles

Provision of input and guidance to the Underwriting Assistants in the transaction set up and trade capture

Be familiar with compliance processes and contribute to the execution of various pre-investment assessments, such as ESG, KYC, DD and other screenings

Provision of input and guidance to the analytics team to support monthly valuation process

University degree (BSc or MSc) in a quantitative, analytical, or business-related discipline, or equivalent practical experience

A minimum of 5 years of relevant experience in reinsurance with background in property cat underwriting

Strong understanding of the insurance and reinsurance industry, with in-depth knowledge of the property catastrophe market and non-life transactions

Direct engagement with brokers and/or cedants, including initiating, leading, and executing underwriting discussions and transactions, supported by an established network and active market presence

Fluency in English is essential, German a plus, other languages a benefit

Self-driven and proactive, with the ability to take ownership and contribute effectively from day one, assuming responsibility and delivering impact

Ability to represent the firm externally with credibility, building trust with brokers and cedants and contributing to the firm’s market presence

Pragmatic and efficient, with the ability to reach clear conclusions and drive decisions and outcomes

Ability to collaborate across functions in a dynamic and international environment

Ability to manage complexity and arrive at consensus/compromise within given time frame

Ability and willingness to think beyond project scope and anticipate emerging trends

Active listener with ability to draw input from others, persuasive and articulate communicator in a multi-cultural environment both verbally and in writing

Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought facilitated by an inclusive culture will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer: you are welcome here regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background or any other protected characteristics.