M&A Senior Associate

M&A Senior Associate

Location: London (Agile)

About you and the role:

Enstar's business is the acquisition and management of insurance companies and portfolios, and we have completed over 110 transactions. Enstar is the leader in the non-life runoff space and has executed complex bespoke transactions across a number of jurisdictions worldwide.

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 Senior Associate's role involves the overall management of projects from initial identification through to execution of transactions.

The M&A team has a global presence across the UK, US and Bermuda. The London team supports all International activity alongside Bermuda and some US transactions. The London team includes 6 M&A professionals and is supported by a broad team of actuaries, data analysts and claims and reinsurance experts as well as other functions within the group in order to evaluate and execute deals.

What you will be doing:

Overview

The Modelling function is responsible for deliverables and influence M&A appetite, investment composition, regulatory and economic capital requirements. Partnership with the Modelling Actuary to use and develop high quality modelling solutions to meet business needs including M&A, FPA and capital modelling. Working collaboratively with multi-disciplinary teams for high-profile projects, leads own projects.

Key Accountabilities

On M&A projects, Senior Associates are responsible for managing the entire deal lifecycle in the following areas:

• Preparation/review of research and analysis of potential acquisition targets, including financial, strategic and operational areas.
• Responsibility for the financial model to forecast balance sheet, income statement, cashflows, capital distributions and ultimately investor returns. To include the development of sensitivity analysis and structuring scenarios to showcase key value drivers that support pricing decisions.
• Managing the engagement and communication with intermediaries.
• Leading the financial due diligence workstream, including interrogation of the assets and liabilities of the target, and managing other workstreams led 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, including developing recommendations to senior management.
• Input in the design and refinement of transaction structures, assessing how these meet counter-party objectives and impact value leavers for Enstar.
• Preparation of key internal transaction materials - deal memo, financial model etc and upward reporting to senior management.
• Working with local business teams to i) support regulatory approval processes, ii) ensure the successful handover to business-as-usual teams.

Wider responsibilities of the role include:

• Managing / carrying out ad-hoc evaluation and analysis to support the M&A team's business development efforts.
• Process improvement, seeking new ways to embed best practice in the team's approach / processes.
• Supporting ad-hoc internal projects from time to time.
• Keeping abreast of developments within the run-off and wider insurance markets which may present opportunities to the Company.
• Networking with peers and other professionals in the sector at conferences and industry events.
• On-the-job coaching of Analysts.
• 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.

What you will bring:

• College/university degree or equivalent
• M&A experience of executing transactions.
• 5-8 years' experience in Insurance.
• Corporate finance knowledge including evaluation of business and value drivers.
• In-depth understanding on insurance/reinsurance businesses and industry.
• Strong financial modelling skills.
• Strong project management skills.
• Driven financial professional with strong analytical and communication skills.
• Strong team player.

Who we are:

Enstar Group Limited ("Enstar" or "EGL") is a leading global insurance group. Through our network of group companies, we help others - principally other insurance companies - release capital by taking over liability portfolios which no longer make strategic sense for them to hold. We create value by better managing these "run-off" insurance portfolios and strive to generate attractive risk-adjusted returns from our investment portfolio.

Enstar's solutions allow our partners to release capital, dispose of non-core businesses and portfolios, achieve early finality on legacy insurance contracts and manage claims volatility. In return, Enstar drives earnings through savings arising from our technical excellence and from investment earnings on the reserves we hold.

At year-end 2023 we had completed 117 transactions since the 2000. Today, Enstar is the industry's largest standalone run-off consolidator. With around 800 global employees, our network of group companies has a significant physical presence in Bermuda, where our headquarters are located, the United States, the United Kingdom, continental Europe, and Australia.

Enstar maintains a strong balance sheet. We hold long-term issuer ratings of BBB+ with stable outlook by S&P and Fitch. Enstar's capital base continues to grow, reaching $7.4 billion at the end of 2023, including $5.6 billion of shareholders' equity and total debt of $1.8 billion. A market leader in the run-off space, Enstar leverages its expertise in claims management, risk analysis, and investments to generate value. These services make Enstar different, something unique.

For further information about us, visit www.enstargroup.com.

Your Benefits:

• Pension (Enrolment is automatic on joining with a 10% employer contribution)
• Dental Insurance (This is an optional taxable benefit available to employee, spouse, and dependents)
• Medical Insurance (This is an optional taxable benefit available to employee, spouse, and dependents through a private health network)
• Travel Insurance (As an employee you are automatically enrolled with business and leisure travel insurance with single, couple, family, or single parent family coverage options.)
• Eligible company funded annual 360 Health Assessment.
• Voucher for free annual eye examination.
• Option to loan a bicycle and safety equipment tax free.
• Wellness Reimbursement program (up to 700 pounds annual reimbursement for wellness related expenses, i.e, gym memberships, massage, etc.).
• Tusker - Electric Vehicle (A fixed monthly amount is taken directly from your gross salary and, in return, you get the use of a brand new electric car.).
• Optional Critical Illness coverage
• Automatic coverage provided by income protection programme
• Access to Employee Assistance Programs (EAP) for health and wellbeing
• One paid annual volunteer day

Our Values:

ENTREPRENEURIAL

A characteristic that is core to our culture: we encourage an entrepreneurial spirit, our colleagues have autonomy to shape strategy, innovate new revenue streams and we reward those who are commercially focused.

NIMBLE

We are quick to respond to change. We embrace new technology and new lines of business according to market demands. We grasp new concepts quickly, are able to deliver in a timely manner and can improvise when needed

SOLUTIONS FOCUSED

We are resilient, successful, have a winning mentality, possess a strong work ethic. We believe in getting it done.

TEAMWORK

Our strength is working together as a Group, across regions, companies and disciplines. We firmly believe the sum of our collective effort, knowledge and ambition will always outweigh our individual contributions. We work as a trusted partner to our clients.

AWARE

We use our knowledge and experience to stay aware of market trends, acquisition opportunities and other influencers that could impact us and our competitors. Our constant awareness means that we are vigilant, innovative and responsive.

RELEVANT

At all times we strive to undertake actions that are relevant to help us achieve our vision, and to ensure we remain a provider of relevant insurance solutions to the market. We have shown a capacity to evolve and will continue to do so in order to ensure our ongoing relevance to the market.

Equal Opportunities at Enstar:

Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. We're an equal opportunity employer and believe that our diversity creates an authentic working culture. We don't discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation. Enstar is committed in providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.

Location: London, GB

Posted Date: 11/25/2024