Senior Analyst - Insurance Ratings

About the Role
The Financial Services practice delivers forward-looking credit insights on banks, insurers, and other financial institutions — assessing capital strength, funding and liquidity, asset quality, governance, and operating environments to inform rating opinions that markets rely on. The practice supports stakeholders in understanding how evolving risks — from regulation and macro shifts to digital assets and decentralized finance — can affect financial stability and credit performance.

The Insurance Ratings team comprises analysts based across the U.K., France, Germany, UAE, and South Africa, covering a portfolio of primary insurers and reinsurers across the UK, Central Asia, the Middle East, and Africa. This role is primarily focused on issuers in Central Asia and the Middle East.

What You'll Do

Impact
At the company, our values — Discovery, Integrity, and Partnership — shape how we work, collaborate, and earn trust. We embrace AI as an enabler, guided by rigorous governance and risk management, to enhance the intelligence of our people, deep relationships, and trusted insights. By leveraging technology with human expertise, we help our teams navigate complexity and deliver actionable, decision-ready intelligence without compromising quality, accountability, or integrity.

Responsibilities

Team Contribution & Capability Building

• Guide and coach Research Assistants and Rating Analysts in credit analysis, data discipline, and analytical tooling; create reusable assets and propose automation improvements that free capacity for higher-value human analysis and relationship work.

Core Analytical & Delivery

• Lead end-to-end credit analysis and surveillance for assigned insurance credits, synthesizing portfolio performance, market signals, and peer context into decision-useful insights with clear implications for risk.
• Prepare and review analytical inputs and key outputs, reconciling metrics and documenting assumptions to ensure adherence to methodology, sector frameworks, and evidentiary standards.

Stakeholder & Market Engagement

• Translate complex data and analysis into clear, client-ready narratives; advise on analytical issues within defined parameters, communicating the company’s expertise to drive engagement with market participants.

Risk Management and Operating

• Ensure adherence to methodology, confidentiality, and data governance, escalating issues early with recommendations; embed responsible AI use — approved tools and data only — and contribute to the design, testing, and rollout of controlled automation workflows.

What We're Looking For

Required Skills and Experience

• Demonstrable expertise in insurance industry and company analysis, with a solid understanding of insurance markets, business environments, and relevant regulations, particularly in the U.K., Middle East, and Central Asia.
• Strong ability to understand accounting concepts and analyze insurance company financial statements.
• Strong credit, financial, and risk analysis skills, with the ability to link fundamental drivers to forward-looking views and risk appetite.
• Practical experience embedding AI, large language models, or automation agents into analytical workflows to improve productivity and insight.
• High standards for analytical quality, traceability, and governance, with sound judgment on the responsible use of AI in a controlled environment.
• Willingness to travel, sometimes at short notice.
• English: Required — Fluent (able to conduct meetings, collaborate effectively, and communicate clearly in writing and verbally). Arabic: Preferred — Professional working proficiency (able to communicate clearly at work in everyday situations and write professional messages). Russian: Preferred — Professional working proficiency (able to communicate clearly at work in everyday situations and write professional messages).

Preferred or Helpful Experience

• Prior credit analysis experience covering non-life, life insurance, and reinsurance sectors.
• Coaching capability that improves team consistency through shared standards and tools, with a continuous improvement mindset.
• Education: Bachelor's degree or equivalent required. A master's degree or professional certification (such as CFA) is highly valued. We welcome candidates from traditional finance disciplines as well as diverse academic backgrounds that support innovative and critical thinking.

Additional Information

• An employee at this level would typically have 3 to 5 years of relevant experience in insurance credit analysis or financial services.
• We require all candidates who reach the final stage of our interview process to attend at least one in-person interview, which is ordinarily at your nearest office. This must be completed before we can proceed to an offer.
• Employees are required to work from the office a minimum of two days per week.

What’s In It For You?
Our Mission:
Advancing Essential Intelligence.

Our People:
We're more than 35,000 strong worldwide—so we're able to understand nuances while having a broad perspective. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all. From finding new ways to measure sustainability to analyzing energy transition across the supply chain to building workflow solutions that make it easy to tap into insight and apply it. We are changing the way people see things and empowering them to make an impact on the world we live in. We’re committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. Join us and help create the critical insights that truly make a difference.

Our Values:
Integrity, Discovery, Partnership
Throughout our history, the world's leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do, bring a spirit of discovery to our work, and collaborate in close partnership with each other and our customers to achieve shared goals.

Benefits:
We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive. Our benefits include:

• Health & Wellness: Health care coverage designed for the mind and body.
• Flexible Downtime: Generous time off helps keep you energized for your time on.
• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.
• Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.
• Family Friendly Perks: It’s not just about you. There are perks for your partners and little ones, too, with some best-in-class benefits for families.
• Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.

Global Hiring and Opportunity
At the company, we are committed to fostering a connected and engaged workplace where all individuals have access to opportunities based on their skills, experience, and contributions. Our hiring practices emphasize fairness, transparency, and merit, ensuring that we attract and retain top talent. By valuing different perspectives and promoting a culture of respect and collaboration, we drive innovation and power global markets.

Recruitment Fraud Alert:
If you receive an email from a spglobalind.com domain or any other regionally based domains, it is a scam. The company never requires any candidate to pay money for job applications, interviews, offer letters, "pre-employment training" or for equipment/delivery of equipment. Stay informed and protect yourself from recruitment fraud by reviewing our guidelines and how to report suspicious activity.

Equal Opportunity Employer
The company is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law.