Description
The Regulatory Services division of the National Association of Insurance Commissioners (NAIC) has an exciting opportunity for an Analyst III-Credit & Valuations Group. An Analyst III is responsible for performing credit analysis and with an expectation of well-developed, credit and analytical expertise in the field of assignment. This full-time hybrid position is based in New York in a positive and flexible environment. Residency within 100 miles of the New York office is required.
Responsibilities Include
- Perform credit analysis of assigned sectors of corporate or municipal securities in a wide variety of industries to establish appropriate ratings. This requires reasoned judgment based upon a thorough analysis of security structure & legal agreements, financial statements and credit viability of issuer, appropriate peers, corporate or government agency structures, analytical methodologies, industry data for comparative purposes, economic trends in the industry and country of issuer, as well as relevant third-party support, collateral or lease agreements.
- Prepare appropriate and efficiently written credit reports and make concise verbal presentations to the credit committee. Credit reports such as an Initial Filing of a Non-Rated Securities Acquisition Report (NRSAR) or an Annual Update Report for an annual review, documenting the rating/pricing rationale, must adhere to internal analysis standards. Respond to appeals, both verbal and written.
- Complete review of the Regulatory Treatment Analysis Service requests (RTAS) for credits in the portfolio. Prepare an appropriate written report for a review by a credit committee documenting the ratings rationale.
- Identify and participate in internal and external professional development opportunities to broaden the analytical skill set. Develop a strong working knowledge of the Purposes and Procedures Manual of the Investment Analysis Office and the Accounting Practices & Procedures Manual of the NAIC.
- Produce research covering important industry trends/issues in portfolio that may be important to regulators. Respond to informational requests from a variety of sources, such as regulators, insurers, Nationally Recognized Statistical Rating Organizations (NRSROs), investment bankers, etc.
Management Responsibilities
No direct reports.
Minimum Education and/or Experience Required
- Master's degree (M.A.), M.B.A. in Finance or equivalent and/or CFA.
- Related experience of over 7 to 10 years with at least 7+ years of fundamental credit analysis, and/or training or equivalent combination of education and experience.
- Experience performing credit analysis at a Nationally Recognized Statistical Rating Organization (NRSRO or “credit rating agency”) is a significant plus.
Systems & Technology Requirements
Microsoft Office (Word, Excel, PowerPoint, Outlook, Access), Microsoft Windows, Bloomberg and similar software. Advanced programming capabilities with these tools are a plus.
Travel
This position does not require overnight business travel. Employees are responsible for their personal transportation to/from the home and office, including events, meetings, and training required by the NAIC.
Compensation
$167,000– $212,000, commensurate with education and experience.
Sponsorship
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
Requirements
Minimum Education and/or Experience Required
- Master's degree (M.A.), M.B.A. in Finance or equivalent and/or CFA.
- Related experience of over 7 to 10 years with at least 7+ years of fundamental credit analysis, and/or training or equivalent combination of education and experience.
- Experience performing credit analysis at a Nationally Recognized Statistical Rating Organization (NRSRO or “credit rating agency”) is a significant plus.
Systems & Technology Requirements
Microsoft Office (Word, Excel, PowerPoint, Outlook, Access), Microsoft Windows, Bloomberg and similar software. Advanced programming capabilities with these tools are a plus.
