Property Casualty Underwriting Manager jobs in Somerset, NJ

Overview

The Sr. Financial Analyst will be responsible for analyzing and assigning ratings to domestic and some international property and casualty companies. They will analyze and report on the financial strength of a portfolio of companies, under the guidance and support of an analytical team leader or more senior financial analyst. They must act at all times with the highest standards of professional excellence, ethics and integrity.

Responsibilities

• Conduct thorough, objective and efficient company research in respect of increasingly complex insurance companies using financial and non-financial information, including audited financial statements, public accounts and other relevant management information.
• Produce timely, high quality credit reports to support the assigned ratings, documenting analysis and recommendations to be reviewed and updated by the analytical team leader.
• Present analysis at rating committee meetings demonstrating good judgment in communicating rating recommendations.
• Conduct on-going monitoring and surveillance of assigned portfolios, including rating changes, market/industry/regulatory developments, news events etc. identifying early warning signs that need to be brought to committee for event driven rating actions.
• Keep up to date with relevant industry, market and professional developments through continued professional development and learning, including, for example, undertaking research, attending seminars, market briefings and presentations etc.
• Manage the relationship with rated companies, increasingly leading management meetings, communicating rating outcomes and effective management of expectations.
• Proactively identify areas for performance or process improvement, recommending actions and positively contributing to the implementation of changes.
• Continue to develop a network of contacts in the insurance market (clients, brokers, regulators and prospects) utilizing contacts as a source of informal market research.
• Maintain or work to develop strong analytical skills through a professional designation and continuing education (CFA, Actuarial, MBA, CLU, FLMI, FRM, etc.)
• Willingness to travel up to 20%.

Qualifications

• 5-7 years Financial Analysis experience in an insurance company or rating agency, or related experience is required.
• Bachelor's degree in Finance, Actuarial, Accounting, or Economics is required.
• 3 plus years’ of financial analysis experience or related experience is required.
• Must be proficient in Microsoft Office with excellent organizational and administrative skills.
• Advanced degree or professional designation is preferred (CFA, Actuarial, MBA, CLU, FLMI, FRM, etc.).

Skills