Financial Analyst II (Life/Health)

Benefits

• Flexible and hybrid work arrangements
• Paid time off/Paid company holidays
• Medical plan options/prescription drug plan
• Dental plan/vision plan options
• Flexible spending and health savings accounts
• 401(k) retirement savings plan with a Roth savings option and company matching contributions
• Educational assistance program

Overview

The Financial Analyst will be responsible for analyzing and assigning ratings to domestic and some international health and property/casualty insurance companies. They will analyze and report on the financial strength of a portfolio of companies, under the guidance and support of an analytical team leader or more senior financial analyst. They must act at all times with the highest standards of professional excellence, ethics and integrity.

Responsibilities

• Conduct thorough, objective and efficient company research in respect of increasingly complex insurance companies using financial and non-financial information, including audited financial statements, public accounts and other relevant management information
• Produce timely, high quality credit reports to support the assigned ratings, documenting analysis and recommendations to be reviewed and updated by the analytical team leader
• Present analysis at rating committee meetings demonstrating good judgment in communicating rating recommendations
• Conduct on‑going monitoring and surveillance of assigned portfolios, including rating changes, market/industry/regulatory developments, news events etc. identifying early warning signs that need to be brought to committee for event driven rating actions
• Keep up to date with relevant industry, market and professional developments through continued professional development and learning, including, for example, undertaking research, attending seminars, market briefings and presentations etc
• Manage the relationship with rated companies, increasingly leading management meetings, communicating rating outcomes and effective management of expectations
• Proactively identify areas for performance or process improvement, recommending actions and positively contributing to the implementation of changes
• Maintain or work to develop strong analytical skills through a professional designation and continuing education (CFA, Actuarial, MBA, CLU, FLMI, FRM, etc.)
• Willingness to travel up to 20%

Qualifications

• 3-5 years Financial Analysis experience in life/health insurance or rating agency, or related experience is required
• Bachelor's Degree in Finance, Actuarial, Accounting or Economics is required
• Experienced in conducting financial analysis, ideally within the insurance industry, financial services sector, or a financial services consulting firm
• Math, accounting, financial or economics background preferred with knowledge of financial ratios and financial statement analysis
• Must be proficient in Microsoft Office with excellent organizational and administrative skills
• Advanced degree or professional designation is preferred (CFA, Actuarial, MBA, CLU, FLMI, FRM, etc.)

Skills

• Developed analytical skills and knowledge of financial markets and economic/industry trends.
• Strong written and verbal communication skills in English
• Evidence of developing and managing professional relationships with external stakeholders
• Self‑starter and pro‑active in bringing new ideas and solutions to the table and aggressively seeking knowledge
• Demonstrated ability to manage own time efficiently and effectively, and be able to multitask, absorb ideas and facts quickly, while maintaining a strict eye for detail