At a Glance
- Tasks: Conduct credit rating analysis and support insurance-linked securities activities.
- Company: Join AM Best, a leading global credit rating agency in the insurance sector.
- Benefits: Competitive salary, professional development, and opportunities for international travel.
- Other info: Collaborative team environment with excellent career growth potential.
- Why this job: Make an impact in the insurance industry while developing your analytical skills.
- Qualifications: Experience in insurance linked securities and strong financial analysis skills required.
The predicted salary is between 36000 - 60000 £ per year.
Overview
AM Best City Of London, England, United Kingdom
Rating Analyst – ILS
Job Purpose
As an analyst, you will be responsible for credit rating analysis on a portfolio of (re)insurers and will support rating activities associated with specialist insurers, structured finance and other entities/products related to the convergence of capital markets and (re)insurance.
Team Context
The London analytical team works closely with AM Best’s offices in the US, Europe and Asia and comprises of a team of approximately 20 analytical staff, within which there is a broad array of expertise. The team is responsible for AM Best’s ratings in the London, European (ex-EU27), Bermudian, Middle Eastern, African, and Central Asian markets.
Responsibilities
- Produce timely and high-quality credit assessments on a portfolio of (re)insurers, as well as producing accurate and informative documentation to support the credit decision
- Support the credit rating activities for securities and insurance companies rated by the ILS Group while ensuring that AM Best’s quality, timeliness and compliance standards are consistently met or exceeded
- Contribute creative solutions to analytical challenges faced by the ILS Group with bespoke transactions in accordance with ratings criteria and methodologies
- Engage in regular interaction with senior management of (re)insurers and requirement to attend company meetings, with support from more senior colleagues, to obtain relevant information to support the credit rating assessment
- Conduct on-going surveillance of assigned portfolios and develop industry knowledge, including the identification of key trends and issues that may affect the assigned portfolio of (re)insurers
- Present analysis at rating committee, participate in rating committees of other analysts, and contribute to internal discussions regarding the state of the (re)insurance markets and rating issues
- Contribute to external presentations, seminars and the writing and research of external specialist reports commenting on key market issues and trends. Additionally, the candidate will be expected to develop a network of contacts in the (re)insurance market (including clients, brokers and other stakeholders) for the purpose of developing market intelligence
- Promote AM Best’s expansion and development into structured finance
Skills and Experience
- Developed knowledge of (re)insurance within the wider financial service industry
- One or more years’ experience in insurance linked securities (ILS), structured finance, capital markets with a focus on the insurance industry
- Strong understanding of financial concepts, analytics, statistics and actuarial science.
- Advanced knowledge of Matlab, MS Excel, R, Python, SQL, with modelling concepts such as Monte-Carlo simulation
- Experience working as an actuary, catastrophe modelling, CAT bonds etc
- Financial analysis skills, ideally within the insurance industry, financial services sector, or a financial services consultancy firm
Education and Qualifications
- Bachelor’s degree is a minimum entry requirement
- Additional relevant professional qualifications are an advantage (MSc, MBA, CFA, ACA/ACCA, Actuarial, etc.)
Note: Occasional international travelling will be required for this role.
Seniority level
- Associate
Employment type
- Full-time
Job function
- Analyst
- Industries
- Insurance
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Financial Analyst - Insurance Linked Securities ILS employer: AM Best
Contact Detail:
AM Best Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Analyst - Insurance Linked Securities ILS
✨Tip Number 1
Network like a pro! Get out there and connect with folks in the (re)insurance industry. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. The more people you know, the better your chances of landing that dream job!
✨Tip Number 2
Prepare for interviews by brushing up on your financial concepts and analytics skills. Make sure you can talk confidently about your experience with insurance linked securities and structured finance. We want to see you shine when it comes to discussing your knowledge!
✨Tip Number 3
Showcase your analytical prowess! Bring examples of your past work or projects that highlight your skills in financial analysis and modelling. This will help us see how you can contribute to our team right from the get-go.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and take the initiative to reach out directly.
We think you need these skills to ace Financial Analyst - Insurance Linked Securities ILS
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Financial Analyst role. Highlight your experience with insurance linked securities and any relevant financial analysis skills. We want to see how your background fits perfectly with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the ILS sector and how your skills can contribute to our team. Keep it engaging and make it personal – we love to see your personality come through!
Showcase Your Technical Skills: Don’t forget to mention your technical skills, especially in tools like Matlab, R, or Python. We’re keen on candidates who can demonstrate their analytical prowess, so be specific about your experience and projects you've worked on.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us that you’re genuinely interested in joining our team at AM Best!
How to prepare for a job interview at AM Best
✨Know Your Numbers
Brush up on your financial concepts and analytics. Be ready to discuss specific metrics and trends in the insurance linked securities (ILS) market. This shows you’re not just familiar with the theory but can apply it practically.
✨Showcase Your Technical Skills
Make sure you highlight your proficiency in tools like Matlab, R, and SQL during the interview. Prepare examples of how you've used these skills in past roles, especially in financial analysis or modelling.
✨Engage with Industry Trends
Stay updated on current trends in the (re)insurance market. Be prepared to discuss how these trends could impact credit ratings and the ILS sector. This demonstrates your proactive approach and industry knowledge.
✨Network Like a Pro
Talk about your experience building relationships within the (re)insurance market. Mention any relevant contacts you have and how you’ve leveraged these connections for market intelligence. Networking is key in this role!