Fund Finance Underwriting Director

Position Summary

The Underwriting Director is responsible for planning, coordinating, monitoring, analyzing, and evaluating the activities of underwriting staff related to fund finance opportunities. Their goal is to achieve department objectives and ensure company profitability through new and existing business.

What will your job entail?

Job Responsibilities: • Develop and implement underwriting strategies, policies, and guidelines for product lines, ensuring alignment with organizational goals and profitability. • Analyze complex information from various sources (financial documents, market data, etc.) to evaluate risk levels associated with insuring individuals or entities. - Analyze and underwrite fund finance structures, including rated feeder funds, CFOs, and NAV lending facilities.

• Build and maintain Excel models to evaluate cash flow structures and collateral performance.

• Apply and interpret rating agency methodologies (Moody’s, S&P, Fitch), highlighting sensitivities, structural strengths, and key risk factors.

• Support the underwriting workflow by preparing detailed credit memos, risk assessments, and rating agency-style reports.

• Collaborate with senior underwriters to ensure transaction analysis aligns with internal frameworks and partner expectations.

• Conduct scenario and stress testing across multiple rating assumptions.

• Track market developments in fund finance, including rating agency updates, regulatory changes, and investor trends.

Qualifications:

·       Education: Bachelor’s degree in business administration, economics, finance, or a related field.

·       Experience: 10+ years of experience in fund finance, structured credit, or a related rating agency/analytical role.

·       Knowledge, Ability, Skills:

• • Strong familiarity with rated feeders, CFOs, or NAV lending facilities.

  • Experience with rating agency methodologies and the ability to interpret and apply them in underwriting.

  • Proficiency in Excel-based modeling and credit analysis.

  • Excellent analytical, quantitative, and problem-solving skills.

  • Strong written and verbal communication skills with the ability to clearly articulate technical findings.

  • Driven self-starter and capable of working independently.

  • Handles pressure well and capable of managing multiple tasks and projects simultaneously.

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 $239,200.00 - $299,000.00 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 [email protected] 

 

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.