Job Description:
Our Client is on the search for a Credit Analyst to join a growing team involved in leading the pricing, transaction structuring, portfolio optimization and risk aggregations on bespoke product offerings. The individual will be responsible for developing highly specialized pricing models tailored to the risk profile, driven by extensive data history and the communication of these bespoke offerings to senior management.
Role Responsibilities:
• Undertake the provision of pricing support to class underwriters within the underwriting division, focused on Bespoke Products.
• Undertake development of existing and new models using financial/actuarial tools and techniques to quantify and evaluate risk factors in order to analyses the profitability of risks within the company.
• Assessing, analysing and interpreting complicated financial information.
• To collate data and undertake appropriate research, including analysis of market statistics, in order to assist the underwriting department’s (re-)parameterisation of the pricing models developed, including benchmarking the models to the commercial marketplace.
• To develop a detailed understanding of the existing Bespoke Portfolio, optimizing the reporting of underlying performance to the Chief Actuary and Head of Bespoke underwriters.
• Ownership of aggregations in relation to bespoke, including clash risk scenarios across the group and contribute to risk reporting.
• Assist with reserving and capital modelling where it relates to the bespoke products offering classes of business.
• Monitoring market, macro-economic and political developments and assess its impact on the credit quality of the portfolio.
• Communicate conclusions effectively to underwriters, actuaries and senior management.
• Continuously improve analysis to ensure it is at the forefront of the industry in order to maintain commercial advantage.
Requirements:
• Highly technical/quantitative individual with a strong academic record with a Business, Finance, Actuarial or Accounting /numerical related degree from a top tier university.
• Knowledge of actuarial/financial pricing techniques with a focus on credit risk and economic drivers of loss.
• Credit risk coverage of structured securities including CLOS, ABS, RMBS and CMBS.
• Deep understanding of the structures, the assets and the embedded risks and structural mitigants across various legal jurisdictions.
• Trained in Credit Risk with deep understanding and demonstrable experience in Structured Finance.
• Ability to structure complex risk transfer solutions and fully understand deal mechanics and communicate these to the business.
• Comfortable in building models – cashflow or otherwise and explanation of results/stress tests to the business.
• Working with non-standard products offerings, very strong problem-solving skills and able develop creative solutions.
• Demonstrate an understanding of the insurance, reinsurance and financial markets as well as being a lateral thinker.
• Must possess excellent technical ability and computer skills including proficiency in Excel with other languages SQL and R a plus
• Excellent written and oral communication skills, with proven ability to communicate with senior management and external stakeholders.
Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.