Position Summary :
The Senior Infrastructure Underwriter is instrumental in the implementation and the deployment of AXA infrastructure strategy (debt and equity).
The Senior Infrastructure Underwriter is part of the alternative credit team. He / she reports to AXA Group Chief Credit Officer.
The position is Paris based and is part of a 25 plus credit team within the AXA Group holding company’s Investment & ALM department headed by the Group CIO.
The AXA Group infrastructure represent a significant share of AXA Group Alternative investment with an Eur 10 bn debt and Eur 3 bn equity envelopes to be deployed.
Main Responsabilities : The primary duties of the Senior Infrastructure Underwriter are :
Contributing to the definition of AXA strategic positioning in infrastructure : sector analyses with fundamentals, market outlook & opportunities on the long term, risk adjusted-return analysis
Sourcing of market opportunities : direct debt as well as equity transactions, potential partnerships with third party asset managers as well as industrials sponsors
Under AXA senior management sponsorship, coordinate relationships with third party project sponsors and banks
Close interaction with internal asset managers, notably at sourcing stage as well as to the follow-up & monitoring of AXA infrastructure book
Review investment / co investment / partnership proposals from third party asset managers
Participation to due diligence process
Review co investment opportunities on a deal by deal basis : (Credit application review, definition of minimum standard application material, analysis and attendance to Credit committees)
Collaboration with the legal and structuring credit team to support the implementation, including liaising with Group Risk Management, Group accounting department and Group Tax
Animation & control of relationships with the various third-party asset managers, sponsors and market players
Active interaction with AXA entities, notably in the set-up of new funds or investment mandates as well as monitoring of AXA infrastructure exposure
Liaise with rating agencies & regulators
Outputs & Deliverables :
The Senior Infrastructure Underwriter core work results in :
Definition of infrastructure investment strategy (equity and debt)
Identification of market trends
Identification of market opportunities
Surveillance of existing portfolio
Periodic sector reviews
Regular review of third party and internal asset managers
Knowledge transfer and successful integration within Alternative credit team
Collaboration on activities including work with teammates
Experience & Qualifications :
The targeted background for the Senior Infrastructure Underwriter includes :
Master’s degree in Economics; Public Policies; Finance or Business
At least 15 years of experience in Infrastructure with experience on investment and / or structuring
Plus : significant experience by a major infrastructure industrial player
Fluency in written and spoken English; French is a plus
Performance Characteristics :
The Senior Infrastructure Underwriter exhibits the following in performing the role :
Strong team orientation with capacity for intensive independent work
Strong writing and presentation abilities
Emphasis on quality of analysis for internal clients
Excellent Relationship management
What We Offer.