Middle Office Analyst

The Middle Office Insurance Analyst will play a key role in supporting the Banking & Financial Services department within the Financial Services industry.

Client Details

This opportunity is with a medium-sized organization within the Financial Services industry. The company is committed to excellence in providing financial solutions and maintaining efficient operations to support its clients' needs.

Description

• Serve as the subject matter expert for all credit insurance activities, from pre-closing review (if applicable), payment to set up in LIQ
• Accurately calculate insurance premiums based on credit agreements and insurance certificates, and process timely payments to brokers.
• Utilize Loan IQ (LIQ) to properly book, monitor, and reconcile all insurance-related transactions, ensuring data integrity.
• Thoroughly review insurance policy agreements and related legal documents to identify and interpret all insurance requirements and ensure correct booking and process
• Monitor and reconcile financial transactions to ensure accuracy and compliance.
• Prepare detailed reports and analyses for internal and external stakeholders.
• Support trade processing and settlements, ensuring timely execution.
• Assist in maintaining and updating financial systems and databases.
• Analyze and identify potential risks, proposing solutions to mitigate them.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Profile

A successful Middle Office Insurance Analyst should have:

• Previous experience (min 1-2 years) with commercial lending and asset financing support management at a commercial bank is essential
• Previous experience with handling insurances under the deals is a must
• Undergraduate degree in Finance or related business field.
• Working knowledge of the systems utilized by the bank is a plus: Cash Plus, Loan IQ, FBTI
• Good understanding of financial statements with a level of comfort in calculating and interpreting financial ratios.
• Knowledge of financial operations and trade processes.
• Understanding of regulatory compliance in the Financial Services industry.

Job Offer

• Competitive hourly rate offered.
• Benefits available day 1 of employment: Medical, Dental, Vision.
• Opportunity to work within a reputable Financial Services organization.
• Gain valuable experience in the Banking & Financial Services industry.
• Be part of a collaborative and professional team environment.

If you're ready to contribute your expertise as a Middle Office Insurance Analyst in New York, we encourage you to apply today!

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.