Job Description
Job purpose This role will be located in our New York, NY office. However, we are open to candidates working remotely in the East Coast Region as well.
The Mergers & Acquisitions team is responsible for the research, sourcing, analysis, due diligence, pricing, structuring, and negotiation of target portfolios/companies globally within the insurance run-off sector.
The Analyst role involves progressing targets from initial identification through to execution of transactions, undertaking and coordinating due diligence and valuation analysis and engaging with senior team members throughout to support transaction decisions.
Responsibilities
Key accountabilities & deliverables On M&A Projects the analyst is responsible for supporting the entire deal lifecycle in the following areas
- Research and analysis of potential acquisition targets, including financial and operational areas.
- Development and ownership of the financial model to forecast balance sheet, income statement, cashflows, capital distributions and ultimately investor returns. The analyst will develop sensitivity analysis to showcase key value drivers that support pricing decisions.
- Leading the financial due diligence workstream, including interrogation of the assets and liabilities of the target, and project managing other workstreams carried out by expert resources across actuarial, capital, investment management, claims and reinsurance, accounting and finance, IT systems, operations, tax, regulatory, HR and legal.
- Assessment of key due diligence findings and impacts on risk appetite and valuation.
- Reporting to senior management, including the drafting of deal memos to summarise the target business, proposed transaction structure, due diligence findings, and outputs of the valuation modelling, in order to support recommendations to the group Executive.
Wider Responsibilities Of The Role Include
- Providing ad-hoc evaluation and analysis to support the M&A team’s business development efforts.
- Liaising with expert teams and senior management across the Company on internal projects.
- Keeping abreast of developments within the run-off and wider insurance markets which may present opportunities to the Company.
- Staying on top of personal learning objectives set as part of a structured career development framework.
In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.
Skills Required
Education & experience Education
- Financial Qualification (CPA, ACA, ACCA, CIMA, CFA)
- Detailed financial and accounting knowledge
- Commercial knowledge including evaluation of business and performance drivers
- Fundamental understanding on insurance/reinsurance businesses and industry
- Detailed knowledge of acquisition evaluation techniques
Experience
- 3-7 years’ experience in the insurance sector
- Prior experience of M&A (2-5 years) including financial evaluation, diligence and modelling
- Prior experience of business / report writing
Skill
- Excellent numeracy and accuracy
- Proficient in use of Microsoft office, particularly Excel
- Attention to detail
- Excellent communication skills
- Proactive with strong ability to work independently
- Strong ability to multi-task
- Team and deadline orientated mentality
- Self-driven, resourceful, hungry to learn
At Enstar we believe that our employees are our most important asset. Helping our employees and their families achieve and maintain good health – physical, emotional and financial – is the reason Enstar offers extremely rich and affordable benefits including, but not limited to medical, dental, vision and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account and gym reimbursement.
