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Nesco Resource · 14 hours ago

Business Analyst

New York, NY

Full-time

Onsite

Entry Level

$50/hr - $55/hr

1+ years exp

Nesco Resource is seeking a Junior Business Analyst for their Insurance Operations team. This role is responsible for managing credit insurance transactions, ensuring accurate premium calculations, and maintaining compliance with operational risk controls.

ConsultingHuman ResourcesStaffing Agency

Responsibilities

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

Confirm that all insurance-related calculation are correct and make initial deposit to brokers

Act as the primary point of contact for all insurance-related inquiries from the Front Office, Middle Office team and brokers

Monitor insurance-related covenants and reporting requirements to maintain a high level of operational risk control

Identify opportunities to streamline and improve the insurance handling process, from booking to reconciliation and reporting

Qualification

Insurance Lifecycle ManagementPremium CalculationLoan IQCommercial Lending ExperienceFinancial Statement AnalysisMS ExcelMS PowerPointProcess ImprovementRiskComplianceCoordinationCommunication