Job Title: Credit Risk Analyst
Location: London (Hybrid)
Salary Range: £50,000 – £70,000 + benefits
Reporting to: Credit Risk Manager
Type: Permanent | Hybrid
Overview:
An excellent opportunity for an analytical and detail-oriented professional to join a growing credit risk function within a global insurer. This role supports the assessment, management, and mitigation of credit risk across a diverse range of counterparties, including brokers, agents, and reinsurers. The successful candidate will perform financial reviews, maintain governance frameworks, and contribute to the effective management of the company’s credit exposure across multiple jurisdictions.
Key Responsibilities:
- Support the broker approval process, managing the new broker pipeline, coordinating with internal stakeholders, and preparing documentation for committee review.
- Conduct financial and credit risk assessments on brokers, MGAs, coverholders, and other counterparties, recommending appropriate remediation or mitigation actions.
- Oversee broker coverage records and ensure data accuracy across systems of record, managing internal and external credit-related queries.
- Analyse the credit standing of partner insurance companies and assist with risk containment strategies.
- Maintain oversight of collateral management, including Letters of Credit and other forms of financial security.
- Monitor and assess emerging market and financial risks, providing proactive insights and recommendations.
- Liaise with global credit teams to align processes, ensure consistency, and share best practices across regions.
What We’re Looking For:
- 3+ years’ experience in credit risk or financial analysis, ideally within insurance or financial services.
- Strong understanding of credit assessment methodologies, financial statements, and risk mitigation techniques.
- Excellent analytical, numerical, and problem-solving skills with strong attention to detail.
- Proven stakeholder management and communication skills, with the ability to explain complex credit matters clearly.
- Proficiency in Microsoft Office (Excel, Word, PowerPoint) and familiarity with financial or risk management systems.
Desirable but Not Essential:
- Experience with Lloyd’s and London Market structures or reinsurance credit risk.
- Knowledge of financial and regulatory reporting requirements across multiple jurisdictions.
- Degree in Finance, Economics, Accounting, or a related discipline; professional credit or risk qualification advantageous.
About the Company:
A leading global insurer with a strong presence in the London Market, known for its financial strength, innovation, and commitment to underwriting excellence. The business fosters a collaborative and inclusive culture, offering professional development opportunities and a focus on responsible risk management across its global operations.