Underwriter Insurance Linked Securities

About Schroders

Schroders is a global investment manager which helps institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.

Our purpose is to provide excellent investment performance for our clients through active management. By serving clients, we serve wider society. Channelling capital into sustainable and durable businesses accelerates positive change in the world. Funding the future is a privilege: we use it wisely and responsibly.

We employ over 6000 talented people worldwide operating in 38 different locations across Europe, the Americas, Asia, Africa and the Middle East, close to the markets in which we invest and close to our clients. Schroders has developed under stable ownership for over 200 years, and long-term thinking governs our approach to investing, building client relationships and growing our business.

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

The knowledge, experience and qualifications you need

• 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

What you will be like

• 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

We recognise potential, whoever you are

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.

Advertised Salary: Competitive