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 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 platforms. Our focus:

• Financing solutions– structured financing solutions lending against insurance‑linked assets (such as acquisition term loans, facilities and bridge loans).
• Capital solutions– solutions at the insurance company level that provide a capital benefit. These typically involve taking on elements of the counterparty’s balance sheet exposures (actuarial risks, market risks) and can be delivered in 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 as the underlying risks being assumed by Nomura under the transaction.

Responsibilities

• Production of materials to support the business, including:
  • Client marketing presentations
  • Internal materials (e.g., committee memos, presentations on transactions)
• Project management of transactions, including:
  • Working with internal stakeholders (structuring, trading, risk, legal, compliance) to manage internal processes
  • Working with external stakeholders (clients, lawyers, actuarial consultants) to manage transaction execution
• Structuring of transactions, including:
  • Credit analysis, due diligence review and internal credit approval processes
  • Cash flow and financial modelling
  • Development/review of transaction documentation (e.g., term sheets, legal documentation)
• Working with senior members 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 solution structures.

Key Objectives

• Independent thinker with keen attention to detail and willingness to question assumptions.
• Proven ability to learn and understand new concepts.
• Teamwork – experience working in a transaction‑driven environment with tight deadlines.
• Strong communication skills (written & verbal) – ability to interact confidently with banking professionals and clients.
• Strong analytical and numerical skills, including good financial modelling skills.
• Ability to work well with diverse stakeholders (clients, lawyers, consultants, actuaries, structurers, trading, compliance) to bring a transaction to execution.

Preferred Experience & Background

• 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 on Solvency II, Bermuda and Lloyd’s of London capital requirements.
• Insurance accounting rules.
• Track record in:
  • Reinsurance or capital optimisation 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 (additional knowledge outside the UK product set is an advantage).
• Fluency in English is required; other European language skills would be an advantage.

Inclusion

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

Seniority level: Mid‑Senior level

Employment type: Full‑time

Job function: Finance

Industries: Banking, Financial Services, and Investment Banking

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