Soho Square Solutions · 21 hours ago
Senior Middle Office Analyst
New York, United States
Contract
Hybrid
Senior Level, Lead/Staff
8+ years expSoho Square Solutions is seeking a Senior Middle Office Analyst to manage credit insurance for relevant transactions. The role involves partnering with Front Office Business Lines and external brokers to ensure accurate handling of insurance premiums, bookings, and monitoring.
Big DataBlockchainFinancial ServicesProject Management
Hiring Manager
Virangana Bhalerao
Responsibilities
Insurance Lifecycle Management: Serve as the subject matter expert for all credit insurance activities, from pre-closing review(if applicable), payment to set up in LIQ·
Premium Calculation and Processing: Accurately calculate insurance premiums based on credit agreements and insurance certificates, and process timely payments to brokers
System Booking and Monitoring: Utilize Loan IQ (LIQ) to properly book, monitor, and reconcile all insurance-related transactions, ensuring data integrity
Documentation Review: Thoroughly review insurance policy agreements and related legal documents to identify and interpret all insurance requirements and ensure correct booking and process·
Pre-Funding Verification: Confirm that all insurance-related calculation are correct and make initial deposit to brokers · Coordination and Communication: Act as the primary point of contact for all insurance-related inquiries from the Front Office, Middle Office team and brokers
Risk and Compliance: Monitor insurance-related covenants and reporting requirements to maintain a high level of operational risk control. Escalate any discrepancies or potential issues to management and the relevant departments
Process Improvement: Identify opportunities to streamline and improve the insurance handling process, from booking to reconciliation and reporting
Qualification
Required
Previous experience (min 8 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
Good understanding of financial statements with a level of comfort in calculating and interpreting financial ratios
Preferred
Working knowledge of the systems utilized by the bank is a plus: Cash Plus, Loan IQ, FBTI
Intermediate user of the following MS Office applications: Excel, PowerPoint
Company
Soho Square Solutions
Soho Square Solutions expertise in financial services, enterprise risk, information security, project management, big data and blockchain.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Vijay Veerachandran
Managing Partner
Recent News
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