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 an 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 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 mentorship, ensuring that our staff are well-equipped to excel in their roles. Our commitment to maintaining a supportive and inclusive culture makes AM Best a rewarding place to build a meaningful career in the insurance rating industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Criteria Analyst- Insurance Rating Methodology
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance and financial services sectors. Attend industry events, webinars, or even local meetups. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Show off your expertise! Create a portfolio or a blog where you discuss insurance rating methodologies or share insights on regulatory compliance. This not only showcases your knowledge but also makes you stand out to potential employers.
✨Tip Number 3
Don’t just apply; engage! When you find a role that excites you, reach out to current employees on LinkedIn. Ask them about their experiences and what they love about working there. It’s a great way to get noticed and shows your genuine interest.
✨Tip Number 4
Keep it local! Since this role is based in London, make sure to highlight any relevant local experience or connections in your conversations. And remember, applying through our website gives you a direct line to the hiring team!
We think you need these skills to ace Senior Criteria Analyst- Insurance Rating Methodology
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in the insurance industry and any relevant skills. We want to see how your background aligns with the Senior Criteria Analyst role, so don’t hold back on showcasing your expertise!
Show Off Your Writing Skills:Since this role involves a lot of writing and editing, it’s crucial to demonstrate your strong business and technical writing abilities. Use clear, concise language in your application to reflect your communication skills – we’re looking for clarity and professionalism!
Highlight Relevant Experience:Be sure to emphasise any previous roles that involved regulatory compliance, risk management, or working within a rating agency. We love seeing candidates who can bring their unique experiences to the table, especially if they relate to our methodologies.
Apply Through Our Website:We encourage you to submit your application directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team at StudySmarter!
How to prepare for a job interview at AM Best
✨Know Your Methodology
Make sure you’re well-versed in Best’s Rating Methodology and the specific criteria procedures relevant to the role. Brush up on any recent changes or updates, as this will show your commitment and understanding of the industry.
✨Showcase Your Writing Skills
Since the role involves a lot of writing and reviewing, prepare examples of your previous work that highlight your technical writing abilities. Be ready to discuss how you approach writing complex documents and ensure clarity for diverse audiences.
✨Engage in Thought Leadership
Be prepared to discuss your views on current trends in the insurance industry 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 sector.
✨Build Relationships
Demonstrate your ability to coordinate and build consensus among various stakeholders. Think of examples where you successfully managed relationships with external parties, as this is crucial for the role.
