Investment Banker, Insurance Solutions Group, Associate or Vice President

Company overview

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit

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 - solutions at insurance company level that target providing a capital benefit. Solutions typically involve taking on elements of the tail-risk exposures of the counterparty's balance sheet (including liability side (actuarial) risks as well as market risks) and can be delivered in a range of formats including loans, reinsurance, and derivative structures.
• Lloyds of London - corporate member financing and capital solutions in the form of loan or Tier 1 capital.

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)
• Project management of transactions, including:
  • 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
• Structuring of transactions including:
  • 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
• Proven ability to learn and understand new concepts
• Team work - experience working in a transaction driven environment with tight deadlines.
• Strong communication skills (both written and verbal) - ability to interact confidently with banking professionals and clients
• Strong analytical skills and numerical abilities, including good financial modelling skills
• Ability to work well with diverse group of stakeholders (clients, lawyers, consultants, actuaries, structurers, trading and other functions) in order to bring a transaction to execution

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
  • Insurance accounting rules
• Track record in:
  • 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
• Technical Skills:
  • Strong Excel-based cash flow modelling (actuarial modelling helpful but not required)
  • Comfort with transaction documentation and credit processes
• Established network among insurance sponsors, consolidators, and/or insurers is a strong advantage
• Knowledge of standard European and Bermuda insurance product types (with knowledge outside of the UK product set an advantage)
• Fluency in English is required. Other European language skills would be an advantage

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).

Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all our employees.

We do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.