Head of Asset Finance

AIG is seeking to hire a highly motivated and experienced individual as Head of Structured Finance that sits with in 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 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 AIGs Credit Lines businesses.

The Role
Primary Responsibilities:
Managing the Structured Credit SC product which represents one of the six sub-products with in 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.
Role requires the individual to monitor the existing book and develop and expand the portfolio for sustainable profitable growth. This will involve originating analyzing evaluating and approving a diverse range of SC opportunities within AIGs underwriting guidelines and delegated approval authority.
Role requires acting as a referral point for analyzing recommendations from underwriters on SC transactions and making underwriting decision within delegated UW authority along with Credit Officer for PRG.
A key aspect of the role is to establish and strengthen 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.
Lead insurance policy negotiations and review 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 concerns identifying and escalate any emerging risks and ensuring deteriorating obligor trends are timely identified and work jointly with Claims division to manage problem credits and workout situations
Work with closely with other internal stakeholders e.g. Actuarial Finance Operations Legal etc.

Candidate Profile
Requirements:
Bachelors 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

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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 worlds 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.

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