Associate, Esoteric ABS/Specialty Finance

Group 1001 • New York, NY

1d • $130,000 - $150,000

About The Position

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees. Why This Role Matters: The Investment Management division of Group 1001 currently has $50bn+ AUM and consists of a team of 34 based in Waltham, MA and NYC. Areas of investment focus include corporate credit and structured products. The Associate position is located in our NY office and will be dedicated to specializing in Esoteric ABS / Specialty Finance. There are opportunities for growth and additional responsibility as the person in the position develops their skill and knowledge. The role will work day-to-day with a small group within the larger investment team. The team is diverse with a positive culture and offers work/life balance. If you like a strong team dynamic and have a sense of entrepreneurialism, this is a great opportunity for you!

Requirements

• 3-5 years of relevant experience in an investment management firm, investment bank, rating agency, accounting firm, or consulting firm.
• Experience in one or more asset classes: esoteric ABS, asset backed lending, specialty finance
• Self-starter capable of independently executing on existing strategy who takes accountability for his/her work product
• Strong team player with a collaborative mindset.
• Solid technical capabilities with financial modeling and cash flow analysis experience
• Proficient in Microsoft Excel, Power Point, Word, Intex, and other financial tools.
• Attention to detail and ability to multi-task and meet tight deal/project deadlines
• High personal and ethical standards

Responsibilities

• Evaluate Esoteric ABS / Specialty Finance opportunities in both public and private markets
• Contribute to all phases of the investment process: idea generation, credit analysis and underwriting, transaction structuring, trade execution, and surveillance
• Assist in deal term negotiations, review transaction materials and perform analysis
• Construct and model bespoke, securitized structures for esoteric assets
• Interface with bank sales and trading teams; build and develop relationships; manage incoming deal flow and forward investment pipeline
• Identify new investment ideas and opportunities
• Support ad-hoc projects as needed

Benefits

• Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package.
• Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.
• Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability.
• All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required.
• Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 1,001-5,000 employees