Barclay Simpson is exclusively partnering with a leading UK specialist insurer — one of the largest in its space, managing £50bn+ in assets — to recruit a Credit Risk & Rating Analyst into their Illiquid Credit Risk team.
This is a genuine second-line credit risk role with real ownership. You'll lead the credit risk management of a substantial public and private REIT debt portfolio, combining hands-on credit analysis with internal ratings development and portfolio oversight.
What you'll do:
→ Lead independent credit risk analysis on the firm's REIT debt portfolio from a second-line perspective → Evaluate and challenge new investment proposals from the origination team → Develop and maintain internal credit rating methodologies and models → Monitor portfolio performance and deliver risk management recommendations to senior leadership → Over time, broaden into adjacent asset classes including CRE loans, project finance, and structured finance
What you'll bring:
→ Experience in credit risk, credit analysis, or ratings — from a buy-side firm, bank, or rating agency → Deep knowledge of REITs and commercial real estate financing → Strong financial modelling skills (cashflow, LTV, DSCR) → Experience developing or applying internal credit rating frameworks → Clear communicator who can present credit recommendations with conviction
Why this role stands out:
This is a firm where the risk function has genuine influence and isn't just a tick-box exercise. You'll work on a sophisticated, growing portfolio at one of the most well-capitalised insurers in the UK, with direct exposure to senior stakeholders and a clear path to broaden your asset class coverage. The culture is collaborative, intellectually rigorous, and rewards high performers who want to build a long-term career.