Asset Backed Finance - Associate, Reinsurance

Posted:
7/22/2024, 5:00:00 PM

Location(s):
New York, New York, United States ⋅ New York, United States

Experience Level(s):
Junior ⋅ Mid Level

Field(s):
Finance & Banking

Location

Brookfield Place New York - 250 Vesey Street, 15th Floor

Business - Reinsurance

Brookfield Reinsurance Ltd. (“Brookfield Reinsurance”, “BNRE”; NYSE/TSX: BNRE) is the public vehicle of Brookfield’s newest core pillar, Insurance Solutions, and operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions, with approximately $100 billion of AUM. Through its operating subsidiaries, Brookfield Reinsurance offers a broad range of insurance products and services, including life insurance, annuities, and personal and commercial property and casualty insurance. Brookfield Reinsurance’s assets are managed by Brookfield Asset Management (NYSE/TSX: BAM), Brookfield’s leading global alternative asset manager with over $900 billion of assets under management across real estate, infrastructure, renewable power and transition, private equity and credit.

Brookfield Culture

Brookfield has a unique and dynamic culture.  We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader:  Entrepreneurial, Collaborative and Disciplined.  Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.


Job Description

Brookfield has a unique and dynamic culture.  We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader:  Entrepreneurial, Collaborative and Disciplined.  Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.


Job Description

  • Assist in the structuring, negotiation, and execution of securitizations and other bespoke asset-backed financings

  • Build securitization cashflow models and perform diligence and credit analysis on underlying collateral

  • Assist in the construction of screening materials and investment memos for internal investment committees

  • Key point of contact with rating agencies, valuation agents, and third party service providers

  • Responsible for coordinating across various internal teams, including legal, accounting, and operations teams on transaction execution

  • Provide ongoing support in conjunction with risk and operations teams to monitor and surveil investments for reporting and sensitivity analysis

Candidate Profile

  • Bachelor’s degree with an excellent academic record

  • 2-4 years of experience in cashflow modeling and documentation of CLO or ABS securitizations, warehouse, and asset-backed financings; experience in multiple asset classes a plus

  • Strong understanding of rating agency process and methodologies for securitizations, prior interactions with rating agencies preferred

  • Knowledge or familiarity with insurance investment management a plus

  • Strong capabilities in MS Excel and PowerPoint, VBA; Intex and Bloomberg experience a plus

  • Proactive self-starter with high attention to detail, intellectual curiosity, and motivation

  • Excellent organizational and communication (verbal and written) skills

Salary Range: $160,000 - $200,000

Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education and designations.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it.  Accordingly, we do not tolerate workplace discrimination, violence or harassment.

We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it.  Accordingly, we do not tolerate workplace discrimination, violence or harassment.

We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.