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- Tasks: Write and review insurance rating criteria while collaborating with industry experts.
- Company: Join a leading credit rating agency based in London with a dynamic team.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Engage in a collaborative environment with excellent growth potential.
- Why this job: Make an impact in the insurance industry by shaping rating methodologies.
- Qualifications: Degree in Business, Finance, or Economics; experience in insurance or ratings preferred.
The predicted salary is between 60000 - 80000 £ per year.
The Sr. 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 fulfilment and assist local compliance with any regulatory related inquiries related to BRM.
- Participate in the assembling of documentation for internal validation review and audit.
Qualifications
- BA/BS degree or equivalent required - Business, Finance, Economics or related field.
- Professional industry designation is preferred (CFA, CII, CPCU, Actuarial, etc.).
Skills
- Experience working in the insurance industry and/or rating agency background. Additionally, candidates from Regulatory, compliance or risk management will be preferred.
- Good knowledge base of the insurance industry/financial markets and principles of finance and accounting.
- 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.
- Excellent time management, planning abilities, organizational skills and attention to detail.
Senior Criteria Analyst- Rating Methodology employer: AM Best
Contact Detail:
AM Best Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Criteria Analyst- Rating Methodology
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance and finance sectors, especially those who work with rating agencies. A friendly chat can open doors that job applications can't.
✨Tip Number 2
Show off your expertise! Prepare to discuss your knowledge of Best’s Rating Methodology and how it applies to the current market. Being able to articulate your understanding can really impress during interviews.
✨Tip Number 3
Practice makes perfect! Get comfortable with common interview questions related to credit ratings and insurance. Mock interviews with friends or mentors can help you nail your responses.
✨Tip Number 4
Don’t forget to apply through our website! We’re always on the lookout for talented individuals like you. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Senior Criteria Analyst- 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 qualifications. We want to see how your background aligns with the role of a Senior Criteria Analyst, so don’t hold back!
Showcase Your Writing Skills: Since this role involves a lot of writing and reviewing criteria procedures, it’s essential to demonstrate your strong business and technical writing skills. Include examples of your previous work or projects that showcase your ability to communicate complex ideas clearly.
Highlight Relevant Experience: If you have experience in regulatory, compliance, or risk management, make sure to emphasise that in your application. We’re looking for candidates who can bring valuable insights from these areas to our team.
Apply Through Our Website: We encourage you 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 role. Plus, it’s super easy to do!
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 the specific criteria procedures relevant to the role. Brush up on any recent changes or updates in the methodology, as this will show your commitment and preparedness.
✨Showcase Your Analytical Skills
Be ready to discuss your experience with analysing rating assignments and how you've contributed to benchmarking efforts in the past. Prepare examples that highlight your analytical thinking and problem-solving abilities, especially in relation to insurance-related ratings.
✨Communicate Effectively
Since this role involves a lot of dialogue with internal and external stakeholders, practice articulating your thoughts clearly. Think about how you can demonstrate your strong communication skills during the interview, perhaps by discussing a time when you successfully coordinated between different groups.
✨Prepare for Technical Questions
Expect questions that test your knowledge of finance, accounting principles, and the insurance industry. Brush up on key concepts and be prepared to explain them in a way that shows your depth of understanding and ability to apply this knowledge practically.