Credit Analyst – Insurance Pravi HR Advisory

The Corporate Institute; Mumbai; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

Star Health Insurance is seeking an experienced Credit Analyst to evaluate corporate issuers, assess debt-servicing capability and provide independent credit views for fixed-income investments. You will leverage financial statement analysis, rating methodologies and financial modelling to support investment decisions.

The role requires thorough due diligence, scenario analysis and monitoring of issuer credit quality, with collaboration across risk, treasury and investment teams.

Qualifications

• 10-15 years of corporate credit analysis or related experience.
• Experience with a reputed Credit Rating Agency is mandatory.
• Strong proficiency in financial statements analysis and credit modelling.

Responsibilities

• Conduct comprehensive credit analysis of corporate issuers to assess creditworthiness.
• Analyse audited financial statements (Balance Sheet, P&L, Cash Flow) and notes.
• Evaluate key financial parameters including liquidity, leverage, and debt-service capacity.
• Build and review financial projections and cash-flow models for repayment capacity.
• Perform scenario, sensitivity and stress testing for issuer resilience.
• Assess business risk, financial risk, management quality, and industry position.
• Prepare credit assessment notes and present to investment/credit committees.
• Monitor issuer credit quality and identify early-warning indicators.

Skills

Financial analysis

Credit rating

Financial modelling

Industry research

Debt instruments analysis

Education

BE/B.Tech + MBA (Finance)

CFA / CA or equivalent

Job description

Role Overview:

Star Health Insurance is looking for an experienced Credit Analyst with a strong background in corporate credit assessment and credit ratings, preferably with substantial experience working with a reputed credit rating agency.

The incumbent will be responsible for evaluating the creditworthiness and debt-servicing capability of corporate issuers, conducting detailed financial and business-risk analysis, and providing independent credit views to support investment decisions across fixed-income and debt instruments.

The role requires strong expertise in financial statement analysis, credit-rating methodologies, financial modelling, industry research and assessment of corporate debt instruments.

Key Responsibilities:

• Conduct comprehensive credit analysis of corporate issuers to assess their financial strength, creditworthiness and ability to service debt obligations.
• Analyse audited financial statements, including Balance Sheet, Profit & Loss Statement, Cash Flow Statement and accompanying financial notes.
• Evaluate key financial parameters including liquidity, profitability, leverage, capital structure, cash-flow adequacy, debt protection metrics, working-capital requirements and debt-servicing capability.
• Build and review financial projections and cash-flow models to assess future financial performance and repayment capacity.
• Conduct scenario analysis, sensitivity analysis and stress testing to evaluate issuer resilience under adverse business and financial conditions.
• Assess an issuer’s business risk, financial risk, management quality, industry position and overall credit risk.
• Analyse the historical track record of issuers, including timely servicing of debt obligations and dependence on external funding.
• Evaluate companies relative to industry peers and assess their competitive positioning, operating performance and long-term business fundamentals.
• Assess credit risk associated with corporate bonds, Non-Convertible Debentures (NCDs), Commercial Papers (CPs), bank facilities and other fixed-income/debt instruments.
• Understand and critically evaluate methodologies followed by domestic credit rating agencies and compare external ratings with internal credit assessment frameworks.
• Track developments affecting issuer credit quality, including industry trends, interest-rate movements, macroeconomic developments and relevant regulatory changes.
• Monitor existing credit exposures and identify early-warning indicators, rating migration risks and potential deterioration in issuer credit profiles.
• Conduct management interactions and due diligence, where required, with senior management and other stakeholders such as lenders, bankers and auditors.
• Prepare detailed credit assessment notes, issuer reviews and credit recommendations for internal investment/credit committees.
• Present independent credit views and recommendations to senior stakeholders and relevant committees.

Required Experience:

• 10-15 years of relevant experience in corporate credit analysis, credit ratings, fixed-income research or institutional credit assessment.
• Prior experience with a reputed Credit Rating Agency is mandatory.
• Strong experience in evaluating medium and large corporate issuers.
• Demonstrated expertise in corporate financial analysis, credit assessment and financial modelling.
• Hands-on exposure to rating/assessing debt instruments such as Bonds, NCDs and Commercial Papers.
• Strong understanding of domestic credit-rating methodologies and issuer-rating frameworks.
• Exposure to credit assessment within an insurance company, mutual fund, asset management company, bank, NBFC or other institutional investment environment would be an advantage.

Qualifications:

• BE/B.Tech with MBA (Finance) and/or CFA preferred.
• Candidates with strong professional finance qualifications such as CA/CFA or equivalent, coupled with extensive credit-rating experience, may also be considered.