Head of Asset Finance in London

AIG is seeking to hire a highly motivated and experienced individual as Head of Structured Finance that sits within the dynamic & well-established Political Risk Group ‘PRG’. PRG offers a suite of credit products (both single asset and portfolio transactions) including coverage of sovereign, corporate and project finance. Apart from managing and growing the product, the role will require the individual to manage a team of high performing underwriters and train junior members of the team. With underwriting hubs in Asia, EMEA and North America, the Political Risk Group manages a global risk portfolio which is earmarked for growth within AIG’s Credit Lines businesses.

The Role

• Managing the Structured Credit ‘SC’ product which represents one of the six sub-products within the PRG and is one of the largest products in terms of notional limits. Role would also include managing a team of 3 to 4 underwriters based in London.
• Monitoring the existing book and developing and expanding the portfolio for sustainable profitable growth. This will involve originating, analyzing, evaluating and approving a diverse range of SC opportunities within AIG’s underwriting guidelines and delegated approval authority.
• Acting as a referral point for analyzing recommendations from underwriters on SC transactions and making underwriting decisions within delegated UW authority along with Credit Officer for PRG.
• Establishing and strengthening existing relationships with financial institution clients, distribution partners and reinsurers to develop and grow the business.
• Working closely with the Global Head of Political Risk and other product heads in achieving the group budget and driving business growth by leveraging the existing suite of credit products and supporting any new product development.
• Leading insurance policy negotiations and reviewing facility documentation.
• Preparation and review of in-depth internal credit risk assessment (including extensive financial modeling and financial statement analysis) & other related transaction material in support of underwriting requests and recommendations.
• Proactively monitoring a diversified portfolio of structured credit exposures to identify any areas of concern, identifying and escalating any emerging risks and ensuring deteriorating obligor trends are timely identified and working jointly with Claims division to manage problem credits and workout situations.
• Working closely with other internal stakeholders e.g. Actuarial, Finance, Operations, Legal etc.

Candidate Profile

• Bachelor’s Degree, preferably Finance related. Relevant industry accreditations such as FRM, CFA, ACII will be an added benefit.
• Preferably at least up to 10 years of credit underwriting or banking experience in credit/syndication/origination role with transactional experience in structured credit. Ideally candidate will have some Project Finance exposure.
• Strong track record in managing underwriting & credit approval processes and negotiation/execution of loan and insurance documentation.
• Some experience in a managerial capacity.
• Strong cash flow modelling, forecasting and numeric skills with attention to detail.
• Conscientious and diligent, able to manage time pressure and adhere to deadlines.
• Excellent interpersonal skills, strong team player, collegiate mindset, and global cultural awareness.
• Highly detail orientated and excellent time management skills.

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honoured that our drive for positive change has been recognised by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, colour, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.