Careers

Portfolio Manager

Group: Assetinsure Holdings Pty Ltd
Job Title: Portfolio Manager
Reports to: Head Financial Risk Products
Location: Sydney

Position Summary / Purpose of Role

Assetinsure Pty Ltd is an authorised general insurer in the Australian market. Operating since 2004, Assetinsure is focused on delivering innovative insurance / finance solutions across a wide and growing number of insurance lines. Assetinsure primarily operates in Australia and New Zealand and is an important member of a global insurance network of specialty insurance providers which has a footprint across South Africa, the UK and Europe.

This is an opportunity for…

This is an exciting opportunity to be part of the growing demand for credit risk insurance (CRI) with one of the world’s market leaders. CRI is a capital efficient hedging instrument used as an alternative for banks to traditional cash sales. CRIs insure loan payment defaults to protect against credit losses.

Working closely with an established team of experienced managers in the Financial Risk business of a specialised boutique insurer, this new and key position will monitor and manage a A$5billlion portfolio of CRI policies for structured finance transactions across the world. CRI is issued to support financial transactions in a wide range of sectors and industries including aviation, marine, mining, oil and gas, infrastructure, acquisition and leverage, real estate and general corporate facilities.

The key responsibilities will be…

  • Regular monitoring of our diversified portfolio, including covenant compliance and reporting.
  • Preparation and submission of credit papers for amendments and waivers on underlying facilities.
  • Financial analysis.
  • Identify transactions with deteriorating risk profiles and work with Directors / Associates to ensure early identification.
  • Preparation of a monthly monitoring transaction reports.
  • Engage with Credit to discuss papers prepared, articulate reasoning for structuring decisions, support analysis with evidence.

The highly valued skills and attributes are…

  • You have investigative DNA and have been looking for that unique opportunity [to break into the global credit markets]. Your self-motivated and systematic approach ensures your success when analysing the facts to draw appropriate risk conclusions across a portfolio of diversified structured finance transactions.
  • Sound numerical and analytical skills along with strong attention to detail.
  • Working knowledge of how to identify issues and potential high-risk and non-performing files; escalation of issues as required.
  • Sound credit assessment skills, ability to write good quality credit papers for transactions of varying complexity and risk. [Understanding of the credit assessment requirements and documentation throughout the customer life cycle].
  • Customer focussed.
  • Ability to communicate well both written and verbally and enjoy a team environment.

The experience required is…

  • A minimum of 5-10 years’ experience within a financial institution.
  • Appropriate tertiary qualifications (Finance, Economics, Accounting, Real Estate or Law).
  • Advanced computer literacy.