Ratings Advisory Associate, Reinsurance

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

Job summary

Lockton's Reinsurance division seeks a Ratings Advisory Associate to partner with our broking and analytics teams to deliver reinsurance solutions for clients and prospects. This client facing role provides unique insight through analysis of client-specific and publicly available data.

The role focuses on advising clients on rating agency criteria, capital management strategies, and capital models while supporting benchmarking analyses and industry trend research.

Qualifications

• Bachelor’s Degree in a relevant field.
• 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 and meet deadlines.
• Demonstrated analytical and problem-solving skills, including research and investigation.

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.

Skills

Market research

Analytical skills

Communication skills

Presentation skills

Time management

Problem solving

Interpersonal communication

Travel willingness

Education

Bachelor's degree in Risk Management/Finance/Economics/Accounting/Business

Tools

Microsoft Excel

Job description

Your Responsibilities

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

• 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