At a Glance
- Tasks: Conduct credit analysis and assign ratings for (re)insurers while collaborating with a supportive team.
- Company: Join AM Best, a leading global credit rating agency in the insurance sector.
- Benefits: Enjoy opportunities for international travel and professional development in a dynamic environment.
- Why this job: Gain valuable industry insights and network with key players in the (re)insurance market.
- Qualifications: Ideal candidates have financial analysis experience, preferably in insurance or financial services.
- Other info: Fluency in Russian or French is a plus; strong communication skills are essential.
The predicted salary is between 36000 - 60000 £ per year.
As an analyst, you will carry out credit analysis and assign ratings on a portfolio of (re)insurers under the guidance and support of an analytical team leader. AM Best’s London analytical team works closely with its other offices in the US, Europe and Asia, and is itself supported by a wider business function in London. The team consists of approximately 20 analytical staff, within which there is a broad array of expertise, and is responsible for AM Best’s ratings in the London, European (ex-EU), Bermuda, Middle Eastern, African, and CIS market.
Responsibilities:
- As the primary analyst, the candidate will take responsibility for 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.
- 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 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.
- Develop a network of contacts in the (re)insurance market (including clients, brokers and other stakeholders) for the purpose of developing market intelligence.
- Occasional international travelling will be required for this role.
Skills Required:
- Developed knowledge of the insurance market and principles of finance and accounting.
- Conducted financial analysis, ideally within the insurance industry, financial services sector, or a financial services consultancy firm.
- Experience within insurance, actuarial or IFRS 17 is an advantage.
Language Required:
- Fluency (written and spoken) in one of the following languages is an advantage: Russian or French.
- Strong written and verbal communication skills in English.
Rating Analyst employer: AM Best
Contact Detail:
AM Best Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Rating Analyst
✨Tip Number 1
Familiarise yourself with the latest trends and developments in the (re)insurance market. This will not only help you during interviews but also demonstrate your genuine interest in the field, which is crucial for a Rating Analyst role.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in credit analysis or related fields. Attend industry events or webinars to make connections that could provide insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your financial analysis skills, particularly in relation to insurance principles and IFRS 17. Consider taking online courses or certifications that can bolster your knowledge and make you stand out as a candidate.
✨Tip Number 4
Prepare to discuss your analytical experiences in detail during interviews. Be ready to share specific examples of how you've conducted financial assessments or contributed to decision-making processes in previous roles.
We think you need these skills to ace Rating Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and skills required for the Rating Analyst position. This will help you tailor your application to highlight relevant experiences.
Tailor Your CV: Customise your CV to reflect your experience in credit analysis, financial services, or the insurance industry. Emphasise any relevant projects or roles that demonstrate your analytical skills and knowledge of finance and accounting.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance market and your understanding of the role. Mention specific experiences that align with the job description, such as conducting financial analysis or presenting findings.
Highlight Language Skills: If you are fluent in Russian or French, be sure to mention this in your application. Highlighting your language skills can set you apart, especially since they are considered an advantage for this role.
How to prepare for a job interview at AM Best
✨Showcase Your Analytical Skills
As a Rating Analyst, your ability to conduct thorough credit analysis is crucial. Be prepared to discuss specific examples of financial analysis you've performed in the past, particularly within the insurance sector. Highlight any tools or methodologies you used to arrive at your conclusions.
✨Demonstrate Industry Knowledge
Familiarise yourself with current trends and issues affecting the (re)insurance market. During the interview, reference recent developments or challenges in the industry to show that you are engaged and knowledgeable. This will demonstrate your commitment to staying informed and your ability to contribute meaningfully to discussions.
✨Prepare for Interaction Scenarios
Since the role involves regular interaction with senior management of (re)insurers, be ready to role-play scenarios where you might need to gather information or present your findings. Practice articulating your thoughts clearly and confidently, as strong communication skills are essential for this position.
✨Highlight Your Networking Abilities
Building a network of contacts in the (re)insurance market is part of the job. Share experiences where you've successfully developed professional relationships or gathered market intelligence. This will illustrate your proactive approach and ability to connect with key stakeholders in the industry.