Global Financial Institutions Group (GFIG) - Insurance Client Coverage, Analyst/Associate

About the Company

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history. The Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance, operating in nearly 40 countries with over 130 offices and 80,000 employees worldwide. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group and is one of the three largest banking groups in Japan. In the Americas, SMBC Group serves corporate, institutional, and municipal clients with commercial and investment banking services, connecting them to local markets and an extensive global network.

About the Role

SMBC's Global Financial Institutions Group (GFIG) is seeking an Analyst/Associate to join its Insurance Client Coverage team. The role involves working closely with insurance companies and financial sponsors to support the origination of financing, liquidity, and risk management solutions, as well as public and private capital raising transactions and strategic advisory engagements. The team also serves as a key lending partner to SMBC's insurance clients, delivering customized financing solutions across a broad range of transaction types.

Responsibilities

• Demonstrate a strong team-oriented mindset and collaborate effectively with colleagues across product groups, industry teams, and geographic regions.
• Manage multiple projects simultaneously while maintaining accuracy, organization, and attention to detail.
• Partner with GFIG's Insurance Client Coverage team as an integral part of debt capital markets origination efforts, collaborating with Banking, Advisory, and Global Markets professionals to deepen client relationships, identify opportunities, and drive new business development.
• Play a key role in the origination, approval, and execution of corporate lending transactions, including deal structuring, pricing, term sheet negotiation, financial modeling and analytics, credit and risk analysis, profitability assessment, capital allocation, legal documentation review, and ongoing portfolio monitoring.
• Develop an understanding of insurance company accounting, rating agency, and regulatory capital frameworks, including Statutory Accounting, U.S. GAAP, IFRS, Risk-Based Capital (RBC), Solvency II, the Solvency Modernization Initiative (SMI), and IAIS capital standards.
• Build expertise in insurance company capital structures and leverage considerations, with a focus on rating agency methodologies and the treatment of debt, hybrid, and contingent capital instruments.

Requirements

• Bachelor's degree in Finance, Economics, Accounting, or a related field.
• 1-3 years of experience in corporate finance, corporate banking, debt capital markets, investment banking, ratings advisory, or a related field at a leading financial institution or rating agency.
• Strong financial modeling, analytical, and quantitative skills, with the ability to assess credit, capital, and liquidity profiles.
• Excellent written and verbal communication skills, including the ability to prepare client presentations, credit memoranda, and transaction-related materials.
• Experience within the insurance sector is preferred, though candidates with broader financial institutions or corporate banking experience will also be considered.
• Demonstrated interest in insurance markets, capital structures, and strategic financing solutions.

Work Arrangement

SMBC’s employees participate in a hybrid workforce model, allowing work from home and the office. Employees must live within a reasonable commuting distance of their office location. Hybrid work may not be permitted for certain roles, such as FINRA-registered positions requiring full-time in-office attendance.

Pay

The anticipated salary range for this role is between $110,000 and $200,000. The specific salary offered will be based on individual qualifications, experience, and market conditions at the time of hire. The role may also be eligible for an annual discretionary incentive award.

Benefits

In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.