Project Infrastructure Finance Underwriting Associate

Project Infrastructure Finance Underwriting Associate

Are you passionate about finance and eager to build a career at the intersection of project finance and insurance? This is your opportunity to join a pioneering team, develop deep expertise in credit analysis and underwriting, and make a real impact on some of the world's most complex infrastructure transactions.

About the Role

As an Associate Underwriter within our Project and Infrastructure Finance team, you will contribute to the analysis and evaluation of infrastructure and project finance transactions while developing your underwriting and credit risk expertise. Working side by side with Senior Underwriters, you will gain hands‑on experience across the full lifecycle of project finance deals—from initial credit analysis through to transaction execution and ongoing portfolio management.

Key responsibilities

• Assessment of project finance transactions and preparation of credit underwriting memoranda. This would include:
  • Analysis of market, business profile, and technical aspects
  • Review of cash flow models including scenario analysis
  • Review of financing agreements
• Review and execution of transaction documentation
• Analysis of the existing portfolio
• Analysis of industry trends
• Reviewing performance of existing transactions

You will be expected to contribute to business‑related projects on a case‑by‑case basis.

About You

You are curious, financially minded, and eager to develop your expertise in one of the most specialised areas of credit underwriting. You bring a collaborative spirit, a proactive attitude, and a genuine enthusiasm for learning. You are comfortable working with complex information, can communicate your analysis clearly and confidently, and thrive in a fast‑paced, detail‑oriented environment. Whether you are early in your career or bringing some relevant experience, what matters most is your drive, your curiosity, and your commitment to growing within the role.

Requirements

• Interest in project and infrastructure finance – understanding of how project finance transactions are structured, including familiarity with key financing documentation and contractual frameworks
• Experience or academic exposure to infrastructure sectors such as energy, telecom, transport, utilities, or social infrastructure
• Familiarity with insurance markets, particularly credit products
• Strong written and verbal communication skills, with the ability to present complex analysis in a clear and concise manner to senior stakeholders
• Experience working in a cross‑functional or international environment, demonstrating adaptability and cultural awareness

Work Arrangements

The company has a hybrid work model where the expectation is that you will be in the office at least three days per week.

Salary and Compensation

For Italy, the annual base salary range for this position is between EUR 33,000 and EUR 55,000 for a full‑time role. The specific salary offered considers the requirements, scope, complexity and responsibilities of the role as well as the applicant's own profile, including education, qualifications, expertise, specialisation, skills and experience.

In addition to the base salary, Swiss Re offers a variable compensation component designed to recognise your achievements and a variety of global and location‑specific benefits. Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.

Equal Opportunity Statement

Swiss Re is an equal opportunity employer and encourages individuals of all backgrounds to apply. We do not discriminate on the basis of age, gender, race, ethnicity, gender identity or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.

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