Investment Banking - Insurance Linked Securities Analyst

Howden Capital Markets & Advisory (HCMA) is seeking a highly motivated, Capital Markets (Insurance Linked Securities) Analyst to join our Capital Markets & Advisory Team in New York City. Howden Capital Markets & Advisory is the investment banking division of Howden Re and is a boutique investment bank exclusively focused on the insurance industry. HCMA is supported by the Howden Group, which boasts over 13,000 employees across 45 countries.

A new Analyst will play an integral role on our teams, predominantly providing broad support on insurance-linked securities (ILS) offerings (including investor presentation and offering memo preparation, transaction review and modelling. In addition, the analyst will be exposed to other related financial advisory services for our clients, potentially including advisory work and private capital raising. The Analyst on the HCMA team will be heavily involved in the following tasks:

• Support cross-functional teams to analyze, structure, and execute securities transactions, including Cat Bond issuance, (re)insurance sidecars, fund raising and other collateralized risk transfer solutions across a variety of structures
• Preparation of company marketing documents and client presentations in addition to performing research and various analyses in support of new business generation;
• Develop and present materials to support the origination of new ILS transactions and clients;
• Assist with developing detailed models, in concert with client teams and other Howden Re analytical resources, to evaluate performance of various structures under different scenarios and assumptions, and to analyze the impacts of such structures to both investors and clients / cedants
• Prepare presentation materials for use in client meetings; covering topics such as strategic alternatives, capital markets activity and general corporate finance;
• Leverage FactSet, Bloomberg and S&P Capital IQ to create analysis, drive market intel, etc.
• Participate in all stages of transaction execution, from the pitch phase through closing. The Analyst will develop their skills through broad and frequent exposure to both other junior and senior bankers. You will have an opportunity to work within one of the premier teams in the (re)insurance industry advisory space. Analysts are critical members of each team and are expected to make a personal impact right from the start. You will work on some of the biggest deals in the (re)insurance capital markets, interact with clients almost immediately, travel for the firm and handle increasingly important responsibilities
• As part of a team that is focused on delivering best-in-class advice and solutions across the spectrum of corporate finance and capital markets solutions, a new ILS Analyst will have the opportunity, if desired, to work selectively on initiatives and products including M&A advisory and traditional capital raising, in addition to ILS

Qualifications:

The ideal candidate will have (i) an enduring work ethic and track record of success; (ii) the ability to function equally well in both a team setting and on a self-directed basis; and (iii) excellent mathematical, writing, verbal and computer skills. Key required qualifications include:

• 0-3 years of experience in investment banking, reinsurance underwriting or broking, catastrophe modelling, or other relevant (re)insurance industry experience (preferably with a focus on alternative risk transfer)
• Demonstrated academic achievement and excellence outside of academics;
• Excellent written and verbal skills;
• Ability to work independently and as part of a team;
• Demonstrated ability to work in a time sensitive environment and under pressure with tight deadlines;
• Ability to multi-task with strong attention to detail; Ready to assume a high level of responsibility;
• Bachelor’s Degree required; well-rounded academic background, with coursework in finance, economics, mathematics, risk management/insurance, engineering or actuarial science is preferred
• Demonstrated leadership abilities;
• Solid interest in the financial sector;
• Excellent PC skills; advanced knowledge of Excel, Word and PowerPoint a must;
• Series 7, 79, and/or 63 licenses are a plus; will need to be completed upon joining
• Legally authorized to work in the United States

The expected base compensation for this role is $105,000.