Job description
About Ledger Investing
Ledger is a Y Combinator-backed Insurtech startup transforming how insurance risk is financed. Ledger is building a marketplace that enables re/insurers to transfer risk to capital markets investors – we have originated over $2 billion of premium volume to institutional investors. Insurance securitization is on the path to becoming a $100 billion market but has been limited by opacity and complexity. Ledger is expanding this market by building a seamless data platform that powers the marketplace, as well as reports and analytics that insurers and investors need to transact. Our $75 million Series B investment funding has successfully set us up for long-term growth.
About the Team:
Ledger operates at the intersection of finance, insurance, and technology. We are tasked with executing the go-to-market strategy for a new asset class: casualty insurance-linked securities. Ledger provides a specialized reinsurance brokerage service that enables re/insurance companies to purchase capital-efficient casualty ILS solutions.
About the role:
We are looking to add a driven, senior-level professional with a background in reinsurance deal
origination, investment banking, strategic advisory, or consulting in the re/insurance space. As part of the team responsible for all aspects of growing this asset class, this candidate will drive the business development and transaction execution efforts with large insurance and reinsurance companies.
Key Responsibilities:
- Leads business development with insurance/reinsurance companies to source casualty ILS transactions
- Working with our Actuarial and Capital Markets teams, oversees the transaction process from the initial pitch to the risk originator to mandate execution, including financial modeling and deal pitches and presentations
- Actively participates in marketing, transaction due diligence, and term negotiations leading to transaction closing
If playing a critical risk origination role for the first mover in connecting casualty re/insurance risk to the broader capital markets sounds exciting, we would love to hear from you.
Qualifications:
- 10+ years experience in reinsurance broking (origination roles), P&C ILS origination, or investment banking or strategic advisory experience with insurance and reinsurance companies required
- Extensive network with insurance/reinsurance company executives
- In-depth knowledge of PC insurance and reinsurance, strong understanding of casualty risks, and/or familiarity with insurance-linked securities or structured finance products
- Understanding of re/insurance company capital models
- Entrepreneurial mindset with proven ability to sell capital-efficient products to C-suite executives
- Exceptional written and verbal communication skills with specific ability to communicate complex concepts and ideas concisely and defend their validity
- Excellent quantitative and analytical skills
- Bachelor’s degree required; MBA or other related graduate degree is a plus
Your Benefits:
- Competitive salary, bonus potential, and equity compensation
- Work from anywhere. We’re flexible. Our headquarters is in New York, but this position can be fully remote or hybrid.
- Unlimited PTO
- 11 Paid Holidays
- 401k
- Medical, dental, and vision insurance - multiple plans to choose from
- HSA match for those who select our HDHP Medical plan
- Company-paid Life and AD&D Insurance
- Company Paid Long-term Disability Insurance
- Medical and Dependent Care FSA plans
- Medical enhancements available: HealthAdvocate Healthcare Support, One Medical On-Demand Primary Care, Teladoc Virtual Health, TalkSpace Online Mental Health Therapy, Kindbody Gynecology and Family-building care
- Commuter Benefits
- Up to $2,500 paid by Ledger towards your dream home office setup! Customize what works for you.
For US based positions:
Ledger Investing is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex, gender (including gender nonconformity and status as a transgender or transsexual individual), sexual orientation, marital status, age, physical or mental disability, citizenship, past, current or prospective service in the uniformed services, predisposing genetic characteristic, domestic violence victim status, arrest records, or any other characteristic protected under applicable federal, state or local law.
