Associate Analyst – Insurance recruitment
The Company
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets. The firm's ratings and analysis track debt covering more than 110 sovereign nations, 11,000 corporate issuers, 22,000 public finance issuers, and 94,000 structured finance obligations. Moody's Investors Service is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $2.3 billion in 2011, employs approximately 6,100 people worldwide and maintains a presence in 28 countries. Further information is available at www.moodys.com.
Moody's provides credit ratings on roughly 700 insurance companies worldwide. We rate key Life Health, Property Casualty, Reinsurance, and Financial Guaranty firms. All Moody's insurance research services feature analyst access, credit opinions and in-depth analysis on individual companies, and industry- wide outlooks and commentary.
Moody’s European insurance team covers the insurance portfolio from its offices in London. As one of the leading global ratings agencies, Moody’s insurance franchise includes over 150 insurance financial strength ratings in Europe, and Moody’s rates over 90% of issued insurance debt.
The Experience
- Proven insurance or reinsurance industry experience
- Strong academics with BSc/MSc (or equivalent) in a Finance, Accounting or Actuarial subject
- Relevant professional qualification (e.g. CFA and or CIMA/ACCA) would be highly beneficial
- Demonstrates enhanced accounting knowledge when reviewing insurance financial statements and proposes relevant solutions
- Solid understanding of insurance financial statements and of cash-flow lending techniques
- Credit analysis and Financial/statistical research capabilities
- Ability to use financial models and software specific to the business
- Strong quantitative aptitude and proven analytical skills
- Well developed IT skills including advanced Excel and PowerPoint
- Able to work to tight deadlines and manage own workflow/priorities accordingly
- Strong written and verbal communication skills, and demonstrable research skills
- Ambitious and highly motivated/keen to identify and pursue opportunities for self development
- Desire to exceed client expectations
- Able to work using own initiative and without close supervision
- Fluency in English is essential. Fluency in another European language would be beneficial.
Key Responsibilities:
The Associate will work closely with Senior Analysts and have the opportunity to attend meetings with issuers and contribute to rating committees. The key function of the role is to provide analytical, statistical and research assistance to Analysts in the Insurance Group.
- Support analysts in the rating process, including drafting credit documents, formulating ratios, preparing spreadsheets, comparative statistics, graphs, tables, and working on special projects as and when needed.
- Monitor portfolio and quantitative and qualitative portfolio data as directed by lead Analyst.
- Review financial statements and apply Moody’s methodologies and use financial models with limited guidance from Senior Analyst.
- Perform credit analysis on a company and sector basis under guidance of lead Analyst.
- Writes portions of press releases with assistance of Lead Analyst.
- Interacts with intermediaries and issuers on lower priority issues
- Review rating documentation, including bank loans, covenants and bond indentures
- Prepares sections of Rating Committee recommendations memo.
- Support sector and company research writing
- Preparation of outreach presentational material relating to company and sector focus
- Attend analytical meetings (European travel required) and assist with meeting follow-up reports
- Perform administrative tasks among other things, portfolio reviews and time sensitive projects.