• Analyst III, Credit & Valuations Group

    National Association of Insurance Commissioners (NY)


    Job 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.

     

    Interested in learning more about the amazing benefits the NAIC offers? Visit our Benefits (http://content.naic.org/about/benefits) page for more information.

     

    The NAIC is proud to be an Equal Opportunity Employer

     

    _Applicants for all positions are considered without regard to age, race, creed, color, religion, sex, sexual orientation, gender identity or expression, national origin or ancestry, marital status, pregnancy, genetic information, military or veteran status, disability, or any other basis protected by applicable law._

    LEARN MORE ABOUT THE NAIC

    Company Overview

     

    The National Association of Insurance Commissioners (NAIC) is a member-focused, non-profit Association supporting state insurance commissioners, and their departments, to effectively regulate the insurance industry and protect consumers. Headquartered in Kansas City, New York, and Washington DC, our 150-year-old Association offers the coordination of expertise in policy and regulation among state departments, data and technology, financial regulatory support, training and education, and resources for ongoing collaboration among the states and jurisdictions.

     

    Diversity Statement

     

    Our member-driven Association supports the dynamic and diverse needs of state regulatory agencies and the consumers of insurance products and services. Through our ongoing commitment to Diversity, Equity, and Inclusion, we believe our employees provide a wide range of experience and expertise to generate better ideas and solve complex problems consumers and our members face as insurance products and regulations evolve over time.

    Guiding Principles

    • We put customers first

    • We are committed to continuous improvement

    • We succeed by working together

    • We do what it takes to get the job done

    • We communicate often

    • We treat colleagues with respect and honesty