Senior Credit Analyst (Reinsurance/Insurance)

We’re looking for a Senior Credit Analyst to join our Credit Ratings team, where you’ll play a key role in supporting high‑quality investment decisions across reinsurance and insurance counterparties. This role offers the opportunity to work closely with origination teams, senior stakeholders and governance committees, contributing independent, objective credit analysis that underpins long‑term value for our customers.

You’ll take ownership of credit ratings for new and existing transactions, engage with counterparties and internal experts, and contribute to the ongoing evolution of credit methodologies and processes within the team.

What you’ll be doing:

• Leading independent credit analysis and internal rating assessments for new reinsurance and insurance counterparties
• Partnering closely with origination and deal teams to understand transaction structures, strategy and risk profiles
• Reviewing financial statements, legal documentation, operating plans, industry dynamics and due diligence materials
• Providing early indicative feedback on potential rating outcomes and key credit drivers
• Presenting credit recommendations to Credit Committees and contributing to discussions and decisions
• Monitoring assigned portfolios through annual reviews, ad hoc assessments and ongoing information flow
• Supporting internal rating methodologies, tools and process improvements
• Mentoring junior colleagues and sharing expertise across the wider credit team

Who we’re looking for:

• Significant experience in financial and credit analysis within reinsurance or life insurance, with broader financial institutions exposure an advantage
• Strong understanding of credit risk, transaction structures and counterparty assessment
• Experience working with internal or external credit rating frameworks and methodologies
• Confidence engaging with senior stakeholders, including participation in credit or investment committees
• Ability to analyse trends at both macro and micro levels and assess their interaction
• High attention to detail with clear, concise written and verbal communication skills
• Strong technical skills, including advanced Microsoft Excel capability
• A collaborative mindset, with curiosity, professionalism and a drive to continuously improve processes

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. 

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. 

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.