Ratings Advisory Associate, Reinsurance

Lockton Companies; Philadelphia (Philadelphia County); On-site; USD 65,000 - 95,000; Full time

Job summary

Lockton Companies in Philadelphia seeks a Ratings Advisory Associate to collaborate with broking and analytics teams in delivering reinsurance solutions. You will work directly with clients and internal staff on Ratings Advisory projects, applying rating agency criteria and capital-management insights.

Responsibilities include capital and financial modeling, benchmarking using US statutory data plus AM Best and S&P ratings, and developing innovative tools to improve client deliverables while

Qualifications

• Bachelor's degree ideally in Risk Management, Finance, Economics, Accounting, Business or related major
• 0-6 years’ experience in Reinsurance, Ratings Advisory, or Insurance Accounting preferred
• Experience with or knowledge of insurance financial strength ratings preferred
• Demonstrated successful track record of advising and/or consulting with clients
• Excellent market research, analytical, communication, and presentation skills
• Organizational and time management skills to prioritize workloads to meet time sensitive deadlines required
• Demonstrated analytical and problem-solving skills, including research and investigation and provide solutions to standard and non-standard issues
• Demonstrated interpersonal communication skills and ability to interact with associates at all levels of responsibility to create a positive work environment
• Proficient user of Microsoft Excel
• Ability and willingness to travel

Responsibilities

• Client facing – interact with internal teams and directly with clients and prospects on Ratings Advisory projects
• Act as a “go-to” for clients on rating agency criteria and capital management strategies
• Demonstrate expertise of rating agency criteria to help clients achieve their rating objectives
• Capital and financial modeling – analyze regulatory and rating agency capital models
• Financial benchmarking analysis – provide benchmarking analysis based on U.S. statutory data, global data, AM Best ratings, and S&P ratings
• Provide insight into industry trends, market research and ad-hoc requests from clients
• Support the development of innovative tools for internal and external use
• Work alongside many internal teams (broking, actuarial, catastrophe modeling) and manage client deliverables
• Focus on innovation with a view to constantly improve our process and efficiency

Skills

Analytical thinking

Communication

Presentation

Time management

Interpersonal skills

Research skills

Education

Bachelor's degree in Risk Management, Finance, Economics, Accounting, Business or related major

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

Philadelphia, Pennsylvania, United States of America

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

This role is within Lockton’s reinsurance division. Advisory team members partner with our broking and analytics staff to create reinsurance solutions for our Lockton Re clients and prospects. This client facing role works to provide unique insight through analysis of client-specific and publicly available data.

Ratings Advisory Associate Responsibilities

• Client facing – interact with internal teams and directly with clients and prospects on Ratings Advisory projects
• Act as a “go-to” for clients on rating agency criteria and capital management strategies
• Demonstrate expertise of rating agency criteria to help clients achieve their rating objectives
• Capital and financial modeling – analyze regulatory and rating agency capital models
• Financial benchmarking analysis – provide benchmarking analysis based on U.S. statutory data, global data, AM Best ratings, and S&P ratings
• Provide insight into industry trends, market research and as well as ad-hoc requests from clients
• Support the development of innovative tools for internal and external use
• Work alongside many internal teams (broking, actuarial, catastrophe modeling) and manage client deliverables
• Focus on innovation with a view to constantly improve our process and efficiency

Qualifications

Ratings Advisory Associate Responsibilities

• Bachelor’s Degree ideally in Risk Management, Finance, Economics, Accounting, Business or related major
• 0-6 years’ experience in Reinsurance, Ratings Advisory, or Insurance Accounting preferred.
• Experience with or knowledge of insurance financial strength ratings preferred
• Demonstrated successful track record of advising and/or consulting with clients
• Excellent market research, analytical, communication, and presentation skills
• Organizational and time management skills to prioritize workloads to meet time sensitive deadlines required
• Demonstrated analytical and problem-solving skills, including research and investigation and provide solutions to standard and non-standard issues
• Demonstrated interpersonal communication skills and ability to interact with associates at all levels of responsibility to create a positive work environment
• Proficient user of Microsoft Excel
• Ability and willingness to travel

Equal Opportunity Statement

Lockton Companies is proud to provide everyone anequal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learnsfrom, celebrates and thrives because of ourbreadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.