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Associate Director, ILS

Company: A.M. Best
Location: Oldwick
Posted on: June 6, 2021

Job Description:

Overview

The Associate Director (AD), Insurance Linked Securities Group (ILS Group), will lead the ratings activities associated with specialized insurers, structured finance, and other entities/products related to the convergence of capital markets and insurance. The AD will also be involved with creating innovative analytical solutions for new initiatives in the ILS group in conformance with AM Best's ratings methodologies and criteria procedures. As the leader of an analytical team in the ILS Group, the AD is ultimately responsible for ensuring that the group maintains the highest standards of professional excellence and fulfills AM Best's regulatory obligations as a Nationally Recognized Statistical Ratings Organization.

Responsibilities

  • Provide managerial and analytical leadership, establish and communicate performance expectations, and set a clear vision and operational plan to efficiently deliver organizational objectives.
  • Devise creative solutions to analytical challenges faced by the ILS Group with bespoke transactions in accordance with ratings criteria and methodologies.
  • Manage the rating process for securities and insurance companies rated by the ILS Group while ensuring that AM Best's quality, timeliness and compliance standards are consistently met or exceeded.
  • Assist in a range of operational and planning initiatives.
  • Contribute to building AM Best's brand and reputation by representing AM Best in a variety of platforms including seminars, conferences, special reports, analytical comments, and insurance industry and structured finance events.
  • Provide thought leadership to internal and external customers and clients on key topics within the scope of the ILS Group's responsibilities.
  • Participate in rating committees and ensuring that company procedures and standards are consistently followed.
  • Contribute to the development and implementation of internal policies and practices.
  • Ensure that company policies and procedures are understood and followed by rating analysts.
  • Establish and develop positive relationships with external stakeholders including bankers, regulators, brokers, consultants and rated companies in order to build and maintain industry and local market intelligence.
  • Keep up to date with relevant industry, market and professional developments through continued professional development and learning.
  • Willingness to travel up to 20%

Qualifications

  • 7-10 years of financial analysis or related experience in an insurance company, rating agency, or financial institution is required.
  • Bachelor's degree in Mathematics, Statistics, Engineering, or Actuarial Science.
  • Advanced degree or professional designation is preferred (CFA, Actuarial, MBA, ACAS, etc.).
  • Experienced in conducting financial analysis, ideally within the insurance industry, financial services sector, or a financial services consulting firm.
  • Experience with the rating agency process is a plus.
  • Solid understanding of insurance industry is expected.

Skills

  • The candidate should have an aptitude for quantitative/statistical methods. Experience with Matlab or a strong aptitude for learning to use the application for modeling purposes. Superior report writing skills which incorporate the ability to perform independent research, data analysis and critical thinking tasks Proficiency in MS Word, Excel and PowerPoint required. Strong knowledge of property/casualty actuarial methods. Advanced analytical skills and knowledge of financial markets/insurance industry. Good communication skills and an ability to interact effectively with internal and external clients. Strong written and verbal communication skills in English. Self-starter and pro-active in bringing new ideas and solutions to the table and actively seeking knowledge. Demonstrated ability to manage own time efficiently and effectively.

Keywords: A.M. Best, Newark , Associate Director, ILS, Other , Oldwick, New Jersey

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