Associate, Asset Based Finance

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:

Group One Thousand One (“Group 1001”) is the holding company of several insurance companies including Delaware Life Insurance Co. and Clear Spring Life & Annuity. Group 1001 was founded in 2013 with the purchase of an annuity portfolio from Sun Life Financial and has had several acquisitions over the past decade including Guggenheim Life and Annuity Co. in 2021. The Investment Management division currently has $41.2b AUM and consists of a team of 24 based in Waltham, MA and NYC. The company itself has 1,500 employees in seven offices nationwide, the majority based in Zionsville, IN and Waltham, MA. Areas of investment focus include ABS & CLOs (public and private), NAV-based financings, lender finance, commercial mortgages, asset origination platform investments, and private credit.

The NY team recently opened a search for an Associate specializing in Asset Based Finance. The role would report to a senior MD and work day-to-day with a small team within the larger investment team.

How You'll Contribute:

• Evaluate Asset Based Finance opportunities and contribute to all phases of investment process
• Lead due diligence processes including management calls and data analysis
• Construct and model bespoke, securitized structures for assets: analyze and underwrite potential investments including reviews of collateral tapes, historical performance, facility structure, and develop quantitative models to conduct scenario analysis
• Construct thoughtful investment memos using PowerPoint, detailing analysis and investment thesis
• Lead third party workflows including auditors, rating agencies, servicers and other groups as appropriate
• Monitor portfolio investments on an ongoing basis, providing periodic outputs on performance and other key metrics

What We're Looking For:

• 1-4 years of experience in ABS banking/investment banking or relevant buyside experience
• Strong proficiency with PowerPoint, Excel, and Intex or Python preferred.
• Strong verbal and written communication skills
• Self-starter personality capable of independently executing on existing strategy
• Preferably demonstrated track record in sourcing and executing privately originated asset-based opportunities
• High personal and ethical standards

Benefits Highlights:  

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.

 

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

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