At a Glance
- Tasks: Write and review insurance rating criteria while collaborating with industry experts.
- Company: Join a leading financial services firm in the heart of London.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Great opportunity for career growth and networking in a global setting.
- Why this job: Make a real impact in the insurance industry with your analytical skills.
- Qualifications: Experience in insurance or rating agencies; strong writing and communication skills.
The predicted salary is between 60000 - 80000 € per year.
About the role: The Senior Criteria Analyst-Credit Rating Criteria is a member of the Credit Rating Criteria, Research and Analytics Group, and is responsible for the application, maintenance and review of Best’s Rating Methodology (BRM) and the related criteria procedures within rating analytics. The Sr. Criteria Analyst will be charged with the writing, testing and reviewing of existing and new criteria procedures for insurance-related ratings. This role is based in London where AM Best has approximately 85 staff, including analysts providing financial strength ratings to the insurance industry within EMEA.
Responsibilities:
- Write, test, review in-force and new criteria procedures as well as the overall Best’s Credit Rating Methodology and Best’s Insurance-Linked Securities and Structures Methodology with a special focus on those linked to the London/EU/Asia offices (e.g., Lloyd’s, Takaful).
- Provide support for documentation in the Methodology Review process for existing criteria and assist in authoring/editing of criteria procedures.
- Participate in dialogue with internal and external constituents regarding inquiries about criteria.
- Participate in Corporate Policy Rating Committee meetings, challenging assumptions and offering thought leadership on items presented at CRPC for review.
- Contribute to benchmarking efforts, analyzing the consistency of rating assignments and the application of rating approaches.
- Assist in maintaining documentation for external comments received on Criteria/Methodology that have been subject to a public consultation period.
- Coordinate and participate in meetings with Rating Division representatives.
- Assist in the development of training on existing and/or new criteria applications and provide training to staff as needed.
- Handle ad-hoc requests and develop procedures as needed.
- Provide support functions for regulatory and compliance fulfillment and assist local compliance with any regulatory related inquiries related to BRM.
- Participate in the assembling of documentation for internal validation review and audit.
Candidate Profile
The successful candidate will have proven record of accomplishment within the financial services sector (ideally within the insurance industry).
Experience required:
- Insurance industry and/or rating agency background.
- Background in Regulatory, compliance or risk management will be preferred.
- BA/BS degree or equivalent required- Business, Finance, Economics or related field.
- Professional industry designation is preferred (CFA, CII, CPCU, Actuarial, etc.).
Skills required:
- Strong business and technical writing/editing, communication and interpersonal skills. Ability to coordinate between internal groups to build consensus is key.
- Develop and manage professional relationships with external stakeholders including issuers, market participants, and regulators.
- Proficient in the use of Microsoft Office, specifically Excel-intermediate level; PowerPoint and Word.
Senior Criteria Analyst- Insurance Rating Methodology in London employer: AM Best
AM Best is an exceptional employer, offering a dynamic work environment in the heart of London, where innovation and collaboration thrive among a dedicated team of professionals. With a strong focus on employee development, we provide ample opportunities for growth through training and engagement in meaningful projects that shape the insurance industry. Our inclusive culture fosters open dialogue and thought leadership, making it an ideal place for those seeking to make a significant impact in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Criteria Analyst- Insurance Rating Methodology in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and financial services sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews by researching the company and its methodologies. Familiarise yourself with Best’s Rating Methodology and think about how your experience aligns with their needs. We want you to shine, so practice answering common interview questions related to criteria analysis and compliance.
✨Tip Number 3
Showcase your skills! Bring along examples of your previous work, especially anything related to writing or reviewing criteria procedures. We love seeing how you’ve tackled challenges in the past, so don’t hold back on sharing your successes.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always looking for passionate candidates who are eager to contribute to our team. So, don’t hesitate – hit that apply button!
We think you need these skills to ace Senior Criteria Analyst- Insurance Rating Methodology in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Criteria Analyst role. Highlight your experience in the insurance industry and any relevant skills that match the job description. We want to see how you fit into our team!
Showcase Your Writing Skills:Since this role involves a lot of writing and reviewing, demonstrate your strong business and technical writing abilities. Include examples of your previous work or projects where you've had to write or edit complex documents.
Be Clear and Concise:When filling out your application, keep it straightforward. Use clear language and avoid jargon unless it's relevant to the role. We appreciate clarity and want to understand your qualifications without any confusion.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the position. We can’t wait to see what you bring to the table!
How to prepare for a job interview at AM Best
✨Know Your Methodology
Make sure you have a solid understanding of Best’s Rating Methodology and how it applies to the insurance industry. Brush up on the specifics, especially those related to London/EU/Asia offices, as this will show your commitment and expertise during the interview.
✨Showcase Your Writing Skills
Since the role involves a lot of writing and reviewing criteria procedures, prepare examples of your previous work. Bring along samples that highlight your technical writing and editing skills, as well as your ability to communicate complex ideas clearly.
✨Engage in Thought Leadership
Be ready to discuss your views on current trends in the insurance sector and how they might impact rating methodologies. This shows that you’re not just knowledgeable but also proactive in thinking about the future of the industry.
✨Build Relationships
Demonstrate your ability to coordinate and build consensus among different stakeholders. Prepare examples of how you've successfully managed relationships in the past, particularly with external parties like regulators or market participants.
