Credit Analyst, Associate Director

2 months ago


Toronto, Canada Fitch Ratings Full time

Credit Analyst, Associate Director - Insurance, Financial Institutions - Toronto

**Requisition ID**:47369**Business Unit**:Fitch Ratings**Category**:Credit Analysis & Research**Location**:Toronto, ON, CA**Date Posted**:Nov 21, 2024- At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity encouraging an environment where employees can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective. Fitch is also committed to supporting its employees by advancing conversations around diversity, equity and inclusion. Fitch’s Employee Resource Groups (ERGs) have been established by employees who have joined together as a workplace community based on similar backgrounds or life experiences. Fitch’s ERGs are available to connect employees with others within the organization to offer professional and personal support.- With our expertise, we are not only creating data and information, but also producing timely insights from every angle to influence decision making in this ever changing and highly competitive market. We have a relentless hunger to innovate and unlock the power of human insights and to drive value for our customers. There has never been a better time to make an impact and we invite you to join us on this journey.**Credit Analyst, Associate Director - Insurance**

**Fitch Ratings’ North American Insurance group provides public and private ratings of insurance companies and their debt instruments in United States, Canada, and Bermuda.**

**The department employs 18 credit analysts and staff in Toronto** and** is part of a global insurance team of approximately 70 staff members across North America, Europe Africa and the Middle East, Asia Pacific, and Latin America.**

**The department covers insurance sectors including Life, Property/Casualty, Reinsurance, Health, Mortgage, Title, Captives, Financial Guaranty, and Insurance-Linked Securitizations.**
- Fitch Ratings is looking for an Associate Director to provide credit analysis for our North American Insurance Group analyzing insurance companies with an emphasis on either Property/Casualty or Life Insurance in either Chicago or New York. Job title and duties will be dependent upon relevant experience and tenure you bring to the role.- As a member of the North American Insurance analytical team, you will be in charge of a varied portfolio of regulated insurance companies, insurance holding companies, and issuances across either the property/casualty or life space, either as lead or secondary analyst role. The currently envisaged portfolio comprises approximately 10 insurance organization credits as lead analyst and 4 as secondary analyst. You will monitor and analyze company news flow and financial results to identify events or trends which may lead to rating changes. You will also conduct meetings with rated company’s senior management.- You will present and discuss recommendations for new ratings or rating changes, holding internal rating committees as well as communicating Fitch’s credit opinions externally. You will also be involved with ad-hoc sector commentaries and topical research. The role will also involve interaction with investors and bankers, as well as rated insurers. Some, but not an excessive level, of travel will be required (albeit this is currently severely limited due to the pandemic).**What We Offer**:

- Fitch Ratings offers a range of credit ratings, research, and data services to help investors make informed decisions.
- The Financial Institutions Group focuses on providing ratings and analysis for banks, insurance companies, and other financial institutions.
- Fitch Ratings is a global company with a presence in over 30 countries, offering opportunities to work with diverse teams and clients from around the world.

**We’ll** **Count on You To**:

- Lead coverage on a portfolio of property/casualty or life insurance companies
- Interact with management of property/casualty or life insurance companies
- Prepare and presenting rating committee packages
- Participate in rating committees
- Write company research
- Contribute to insurance industry research
- Participate in analytical projects utilizing industry financial data sources
- Back-up coverage on selected insurance companies
- Maintain files in accordance with company policies

**What You Need to Have**:

- Bachelor’s degree
- 5-7 years of relevant experience in property/casualty or life insurance analysis or in a strategic planning, financial management or actuarial position within the insurance industry; as previously note, offer will be made at the level appropriate to the type and amount of experience incumbent brings with them.
- CFA/MBA/CPA or actuarial designations a plus, but not a requirement
- Self-motivat



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