09 nov
|
Verdant Rock
|
Italia
09 nov
Verdant Rock
Italia
Location: Milan (EMEA)
About Verdant Rock
Verdant Rock Limited is a Bermuda-based insurer, regulated by the Bermuda Monetary Authority as a Class 3B insurer and rated BBB+ (Stable) by Fitch Ratings and A (low) by Morningstar DBRS. It issues irrevocable, unconditional, on-demand financial guarantees on emerging-market debt exposures, designed to qualify as eligible credit protection under Basel III and Solvency II, for the agevolazioni of institutions globally. The Structuring team screens, structures and prepares for underwriting the transactions Verdant Rock guarantees.
Role overview The Principal will lead a team of structurers specialised in asset finance, whose work enables Verdant Rock to underwrite guarantees on debt exposures secured on aircraft, rolling stock, energy and industrial equipment and other hard assets, where asset value, cyclicality and enforceability drive the credit.
The Principal screens incoming asset finance opportunities and serves as the first point of contact for that purpose, then leads the structuring of the transactions taken forward, so that each one reaches Underwriting fully analysed and resilient through the asset cycle.
Key responsibilities
▪ Screen asset finance opportunities and act as the first point of contact for banks, lessors and counterparties during screening.
▪ Lead the structuring of guarantee terms on secured loans, finance leases and ECA-backed asset financings: LTV and value maintenance covenants, amortisation and balloon profile, cash sweeps, earnings accounts, and assignment of leases, contracts and insurances.
▪ Lead the analysis of asset values, residual value and remarketing risk, lessee and counterparty risk, and sector cycle exposure.
▪ Assess jurisdictional risks specific to hard assets, including registration, sanctions exposure, and the enforceability of security and repossession.
▪ Interpret independent valuation, technical inspection and legal due diligence reports, including security and enforceability opinions, and translate their findings into structural protections.
▪ Manage the team of structurers: allocate transactions, set priorities and review valuation, modelling and documentation work.
▪ Present structured transactions to Underwriting and contribute to asset finance structuring standards and pricing guidance.
▪ Use market standard modelling software, asset valuation services and market data.
▪ Build senior relationships with asset finance banks, lessors, brokers and valuers, and develop the members of the team.
Qualifications and experience
▪ A minimum of 12 years' experience in asset finance credit at a bank, lessor or credit fund.
▪ Experience across at least one full asset cycle, including restructurings or enforcement of distressed asset financings.
▪ Mastery of financial modelling, transaction structuring and security packages, with the ability to review models and documentation independently.
▪ Hands-on deal experience and the ability to interpret valuation, technical and legal due diligence reports.
▪ Thorough knowledge of asset finance documentation, including loan agreements, mortgages and other security, lease structures and security assignments.
▪ Experience managing and developing a team of structurers or analysts.
▪ Fluency in English; other languages are an advantage.
Desirable
▪ Exposure to emerging markets.
▪ Experience at a rating agency.
📌 Principal (Lead) Structuring - Asset Finance (Italia)
🏢 Verdant Rock
📍 Italia