Position Summary
As a team member in the Ryan Alternative Risk department at Ryan Specialty, the opportunities are endless! This role is an associate level position within the Ryan Credit Solutions MGU. Our MGU is an entrepreneurial environment where self-starters, passionate analysts, and dedicated team members thrive.
Ryan Credit Solutions employs a research-driven, team-oriented, and results-focused approach to create and manage a wide array of innovative specialty finance insurance solutions for fund financing, credit wraps, structured credit, real estate, direct lending, residual value insurance, and Significant Risk Transfer “SRT”. Deep credit knowledge is a critical part of evaluating and pricing Ryan Credit’s insurance solutions. This role will help support the deal structuring, underwriting analysis, underwriting material compilation, research, reporting, and corporate initiatives alongside Ryan Credit’s product specialist and senior leadership.
The Quant & Portfolio Analytics Associate will support our MGU’s credit platform and assist in our underwriting practices and strategies across structured credit. As an underwriter for our structured credit vertical, candidates will be expected to build analytics leveraged for optimizing insurance company asset allocation; measuring and managing regulatory capital; evaluating and pricing deals; and conducting asset-liability management. Ryan Alternative Risk’s underwriting team takes a systematic, quantitative approach, with a goal of producing robust, transparent, commercially effective tools and analysis.
Ryan Alt. Risk is seeking an Associate to help with building and maintaining complex cashflow models using the Intex platform, primarily focused on analyzing and valuing structured credit investments. Collaborating with other credit experts across the investment and risk teams is an important part of the role. You will also work closely with external partners, brokers, and lenders and will play an integral part in supporting underwriting activities, operating manuals, and guidelines.
What will your job entail?
Key Responsibilities:
- Model Development
- Designing, building and maintaining sophisticated cashflow models on the Intex platform
- Data Management
- Gathering, sanitizing and integrating large datasets from various sources into the Intex models to ensure accurate calculations
- Deal Structuring Support
- Collaborating with deal structuring teams to analyze potential transaction structures, assess credit risk and calculate key metrics
- Risk Assessment
- Utilizing Intex models to perform comprehensive risk analysis on structured products
- Reporting and Analytics
- Generating detailed reports and presentations for stakeholders, including senior management and deal teams
- Model Validation
- Regularly reviewing and validating model performance.
Qualifications:
- Education: B.S. or higher degree in Computer Science, Engineering, Mathematics, Physics or other quantitative disciplines
- Experience: of experience working within a financial engineering, securitized products or quantitative strategies team.
- Knowledge, Ability, Skills:
- Proficiency with Intex required, experience with Intex DealMaker preferred
- Creative and entrepreneurial individual who enjoys working on a wide variety of projects including designing risk and return models for highly illiquid and alternative investments.
- Experience modeling asset risk and return metrics
- Exposure to insurance capital management and actuarial science a plus
- Strong programming skills in any general-purpose programming language including C++, C#, Java, Python, Slang, etc.
- Experience with statistical languages such as R, Matlab, etc., a plus.
- Strong quantitative skills (e.g. stochastic calculus, numerical methods, Monte Carlo, etc.)
- Excellent writing skills and demonstrated commitment to model documentation
- Ability to build working relationships across various departments with individuals at different experience levels
- Ability to clearly communicate model results to a non-technical audience
#OLR
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
How We Support Our Teammates
Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
The target salary range for this position is $228,000.00 - $285,000.00 annually.
The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.
We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com
The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
