Credit Analyst, Associate Director - Insurance - Chicago

About the role

Fitch Ratings’ North American Insurance group provides public and private ratings of insurance companies and their debt instruments in United States, Canada, and Bermuda. The department employs 18 credit analysts and staff in Chicago and New York, and is part of a global insurance team of approximately 70 staff members across North America, Europe Africa and the Middle East, Asia Pacific, and Latin America. The department covers insurance sectors including Life, Property/Casualty, Reinsurance, Health, Mortgage, Title, Captives, Financial Guaranty, and Insurance-Linked Securitizations.

Responsibilities

• Lead coverage on a portfolio of property/casualty or life insurance companies
• Interact with management of property/casualty or life insurance companies
• Prepare and presenting rating committee packages
• Participate in rating committees
• Write company research
• Contribute to insurance industry research
• Participate in analytical projects utilizing industry financial data sources
• Back-up coverage on selected insurance companies
• Maintain files in accordance with company policies

Requirements

• Bachelor’s degree
• 5-7 years of relevant experience in property/casualty or life insurance analysis or in a strategic planning, financial management or actuarial position within the insurance industry
• CFA/MBA/CPA or actuarial designations a plus, but not a requirement
• Self-motivated professional
• Strong analytical, quantitative, and organizational skills
• Excellent written and verbal communication skills
• Ability to shift fluidly between multiple projects as priorities change
• Ability to excel in a team-oriented environment
• Expertise in Excel and Word

Qualifications

• Self-motivated professional
• Strong analytical, quantitative, and organizational skills
• Excellent written and verbal communication skills
• Ability to shift fluidly between multiple projects as priorities change
• Ability to excel in a team-oriented environment
• Expertise in Excel and Word

Skills

• Strong analytical, quantitative, and organizational skills
• Excellent written and verbal communication skills
• Ability to shift fluidly between multiple projects as priorities change
• Ability to excel in a team-oriented environment
• Expertise in Excel and Word

Benefits

• Flexible working arrangements
• Professional development opportunities
• Health and wellness programs
• Employee resource groups
• Work-life balance initiatives

Pay

Expected base pay rates for the role will be between $115,000 and $135,000. Actual salaries will be determined on an individualized basis and may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base pay is one part of Fitch’s total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.

Schedule

Some, but not an excessive level, of travel will be required (albeit this is currently severely limited due to the pandemic).