Role Overview:

Star Health Insurance is looking for an experienced Credit Analyst with a strong background in corporate credit assessment and credit ratings, preferably with substantial experience working with a reputed credit rating agency.

The incumbent will be responsible for evaluating the creditworthiness and debt-servicing capability of corporate issuers, conducting detailed financial and business-risk analysis, and providing independent credit views to support investment decisions across fixed-income and debt instruments.

The role requires strong expertise in financial statement analysis, credit-rating methodologies, financial modelling, industry research and assessment of corporate debt instruments.

Key Responsibilities:

- Conduct comprehensive credit analysis of corporate issuers to assess their financial strength, creditworthiness and ability to service debt obligations.

- Analyse audited financial statements, including Balance Sheet, Profit & Loss Statement, Cash Flow Statement and accompanying financial notes.

- Evaluate key financial parameters including liquidity, profitability, leverage, capital structure, cash-flow adequacy, debt protection metrics, working-capital requirements and debt-servicing capability.

- Build and review financial projections and cash-flow models to assess future financial performance and repayment capacity.

- Conduct scenario analysis, sensitivity analysis and stress testing to evaluate issuer resilience under adverse business and financial conditions.

- Assess an issuer's business risk, financial risk, management quality, industry position and overall credit risk.

- Analyse the historical track record of issuers, including timely servicing of debt obligations and dependence on external funding.

- Evaluate companies relative to industry peers and assess their competitive positioning, operating performance and long-term business fundamentals.

- Assess credit risk associated with corporate bonds, Non-Convertible Debentures (NCDs), Commercial Papers (CPs), bank facilities and other fixed-income/debt instruments.

- Understand and critically evaluate methodologies followed by domestic credit rating agencies and compare external ratings with internal credit assessment frameworks.

- Track developments affecting issuer credit quality, including industry trends, interest-rate movements, macroeconomic developments and relevant regulatory changes.

- Monitor existing credit exposures and identify early-warning indicators, rating migration risks and potential deterioration in issuer credit profiles.

- Conduct management interactions and due diligence, where required, with senior management and other stakeholders such as lenders, bankers and auditors.

- Prepare detailed credit assessment notes, issuer reviews and credit recommendations for internal investment/credit committees.

- Present independent credit views and recommendations to senior stakeholders and relevant committees.

Required Experience:

- 10-15 years of relevant experience in corporate credit analysis, credit ratings, fixed-income research or institutional credit assessment.

- Prior experience with a reputed Credit Rating Agency is mandatory.

- Strong experience in evaluating medium and large corporate issuers.

- Demonstrated expertise in corporate financial analysis, credit assessment and financial modelling.

- Hands-on exposure to rating/assessing debt instruments such as Bonds, NCDs and Commercial Papers.

- Strong understanding of domestic credit-rating methodologies and issuer-rating frameworks.

- Exposure to credit assessment within an insurance company, mutual fund, asset management company, bank, NBFC or other institutional investment environment would be an advantage.

Qualifications:

- BE/B.Tech with MBA (Finance) and/or CFA preferred.

- Candidates with strong professional finance qualifications such as CA/CFA or equivalent, coupled with extensive credit-rating experience, may also be considered.