Nesco Resource
Middle Office Analyst – Insurance Operations (Junior Level)
Work Arrangement:
Onsite 3 days per week
Level:
1–2 years experience
Openings:
2
Role Overview The Middle Office Analyst – Insurance Operations is responsible for the end-to-end management of credit insurance across applicable transactions. This role partners closely with Front Office business lines, Operations Management, and external insurance brokers to ensure accurate premium calculations, timely payments, proper system booking, and ongoing monitoring. The ideal candidate is detail-oriented, proactive, and analytically strong, with a focus on minimizing operational risk.
Key Responsibilities
Insurance Lifecycle Management:
Act as the subject matter expert for all credit insurance activities, from pre-closing review (where applicable) through payment, booking, and setup in Loan IQ (LIQ).
Premium Calculation & Processing:
Accurately calculate insurance premiums based on credit agreements and insurance certificates; ensure timely payment to brokers.
System Booking & Monitoring:
Properly book, monitor, and reconcile all insurance-related transactions in Loan IQ, ensuring data accuracy and integrity.
Documentation Review:
Review insurance policies and related legal documentation to interpret insurance requirements and ensure correct booking and processing.
Pre-Funding Verification:
Validate all insurance-related calculations and ensure initial deposits are made to brokers prior to funding.
Coordination & Communication:
Serve as the primary point of contact for insurance-related inquiries from Front Office teams, Middle Office partners, and external brokers.
Risk & Compliance:
Monitor insurance covenants and reporting requirements, escalating discrepancies or risks to management and relevant stakeholders.
Process Improvement:
Identify opportunities to enhance efficiency and accuracy across insurance booking, reconciliation, and reporting processes.
Qualifications
1–2 years of experience supporting commercial lending or asset finance operations at a commercial bank.
Hands‑on experience managing insurance components within lending or financing deals (required).
Bachelor’s degree in Finance or a related business discipline.
Familiarity with banking systems such as
Loan IQ, Cash Plus, and FBTI
is a plus.
Intermediate proficiency in
Microsoft Excel and PowerPoint .
Solid understanding of financial statements, with the ability to calculate and interpret financial ratios.
#LI-DH2
Nesco Resource offers a comprehensive benefits package for our associates, which includes a MEC (Minimum Essential Coverage) plan that encompasses Medical, Vision, Dental, 401K, and EAP (Employee Assistance Program) services.
Nesco Resource provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
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Onsite 3 days per week
Level:
1–2 years experience
Openings:
2
Role Overview The Middle Office Analyst – Insurance Operations is responsible for the end-to-end management of credit insurance across applicable transactions. This role partners closely with Front Office business lines, Operations Management, and external insurance brokers to ensure accurate premium calculations, timely payments, proper system booking, and ongoing monitoring. The ideal candidate is detail-oriented, proactive, and analytically strong, with a focus on minimizing operational risk.
Key Responsibilities
Insurance Lifecycle Management:
Act as the subject matter expert for all credit insurance activities, from pre-closing review (where applicable) through payment, booking, and setup in Loan IQ (LIQ).
Premium Calculation & Processing:
Accurately calculate insurance premiums based on credit agreements and insurance certificates; ensure timely payment to brokers.
System Booking & Monitoring:
Properly book, monitor, and reconcile all insurance-related transactions in Loan IQ, ensuring data accuracy and integrity.
Documentation Review:
Review insurance policies and related legal documentation to interpret insurance requirements and ensure correct booking and processing.
Pre-Funding Verification:
Validate all insurance-related calculations and ensure initial deposits are made to brokers prior to funding.
Coordination & Communication:
Serve as the primary point of contact for insurance-related inquiries from Front Office teams, Middle Office partners, and external brokers.
Risk & Compliance:
Monitor insurance covenants and reporting requirements, escalating discrepancies or risks to management and relevant stakeholders.
Process Improvement:
Identify opportunities to enhance efficiency and accuracy across insurance booking, reconciliation, and reporting processes.
Qualifications
1–2 years of experience supporting commercial lending or asset finance operations at a commercial bank.
Hands‑on experience managing insurance components within lending or financing deals (required).
Bachelor’s degree in Finance or a related business discipline.
Familiarity with banking systems such as
Loan IQ, Cash Plus, and FBTI
is a plus.
Intermediate proficiency in
Microsoft Excel and PowerPoint .
Solid understanding of financial statements, with the ability to calculate and interpret financial ratios.
#LI-DH2
Nesco Resource offers a comprehensive benefits package for our associates, which includes a MEC (Minimum Essential Coverage) plan that encompasses Medical, Vision, Dental, 401K, and EAP (Employee Assistance Program) services.
Nesco Resource provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
#J-18808-Ljbffr