SVP, Head of Insurance Finance

Description

Who We Are

Thread is the future of banking. Leveraging our technology platform and charter, Thread empowers FinTech’s and enterprises with modern full-service financial products delivered through embedded on-demand user experiences. We believe the future of banking is digital, connected, contextual, and customer-first. We believe that connected, together, we thrive.

What We Are Looking For

The Head of Insurance Finance is responsible for originating, structuring, and managing Life Premium Financing solutions for high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) seeking life insurance funding strategies. This role requires deep knowledge of financial products, life insurance, and lending solutions, as well as the ability to develop strong client and advisor relationships.

Duties and Responsibilities

· Key Responsibilities And Duties

• Drives loan growth by acquiring      new clients and strengthening existing relationships. Understands clients'      financial goals to ensure they align with their estate planning, wealth      preservation, and insurance strategies. 
• Mentors Customer Success      and support staff in premium financing strategies.
• Fosters and sustains      relationships with insurance carriers, Life Insurance Professionals      (“facilitators”), wealth advisors, tax professionals, and estate planning      attorneys.
• Protects the bank's assets      and maintains the quality of the portfolio by adhering to lending policies      and procedures. Structures premium financing loans, ensuring compliance      with risk policies and regulatory guidelines.
• Collaborates with credit      team to assess credit worthiness and risk exposure.
• Negotiates terms with      clients and internal stakeholders to ensure competitive and sustainable financing structures.
• Conducts valuations of      complex assets, including life insurance policies, brokerage accounts, and letters of credit.
• Oversees all phases of      origination and annual review processing, including model generation, legal documentation, collateral perfection/management, and      default/liquidation.
• Completes follow-up with facilitators to ensure the requirements for origination and annual reviews      are gathered and submitted promptly.
• Works closely with the leadership team to enhance offerings and market positioning.

Requirements

Requirements/Qualifications:

·  Bachelor’s degree Preferred

· 10+ years experience in Life Premium Finance 

· 5+ years experience preferred in Financial Services, Insurance or Banking 

· Good communication, organization and presentation skills