Metaphor Services ยท 10 hours ago
Middle Office Analyst
New York, NY
Full-time
Onsite
Senior Level
5+ years expMetaphor Services is seeking a Middle Office Analyst for Insurance Operations, responsible for managing credit insurance across transactions. The role involves collaborating with various teams to ensure accurate handling of insurance premiums and maintaining operational risk control.
Management Consulting
Hiring Manager
Sagar Rastogi
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
Required
Previous experience (min 5 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
Metaphor Services
We provide business consulting and products
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase