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The Bluestone Group · 1 day ago

Middle Office Analyst - Insurance Operations

New York, NY

Contract

Hybrid

Senior Level

$55/hr - $60/hr

5+ years exp

The Bluestone Group is a company specializing in finance operations, and they are seeking a Middle Office Analyst for Insurance Operations. This senior-level role involves managing credit insurance transactions, ensuring accurate premium calculations, and maintaining compliance while coordinating with various business lines and brokers.

ConsultingFinancial ServicesHuman ResourcesRecruitingStaffing Agency

Hiring Manager

Will Sumba, CSAM

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. Escalate any discrepancies or potential issues to management and the relevant departments

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

Qualification

Commercial lending experienceInsurance handling experienceLoan IQ proficiencyCash Plus knowledgeFinancial statement analysisMS ExcelMS PowerPointProcess improvementAnalytical skillsCommunication skills