Middle Office Analyst Credit Lending
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Job Location:
New York City, NY - USA
Monthly Salary:
Not Disclosed
Posted on:
3 hours ago
Vacancies:
1 Vacancy
Job Summary
We are seeking a Middle Office Analyst Insurance Operations to support the management of credit insurance across commercial lending and asset finance transactions. This role sits within the Middle Office and works closely with Front Office teams Operations and external brokers to ensure accurate booking payment and monitoring of insurance on deals.
Role and responsibilities
- Manage the full lifecycle of credit insurance on lending transactions from pre-closing review (when applicable) through payment booking and ongoing monitoring.
- Calculate insurance premiums based on credit agreements and insurance certificates and ensure timely payment to brokers.
- Book and monitor insurance-related transactions in Loan IQ ensuring accuracy and proper reconciliation.
- Review insurance policies and related documentation to confirm insurance requirements and correct system setup.
- Perform pre-funding checks and validate insurance calculations prior to initial broker deposits.
- Act as the main point of contact for insurance-related topics with Front Office Middle Office Operations teams and brokers.
- Monitor insurance covenants and reporting requirements escalating issues or discrepancies when needed.
- Support improvements to insurance booking controls and reporting processes.
#LI-MNRK
Qualifications :
- 2 years of experience in commercial lending asset finance or loan operations within a commercial bank.
- Hands-on experience managing insurance on lending deals is required.
- Bachelors degree in Finance Business or a related field.
- Experience using Loan IQ is strongly preferred; knowledge of Cash Plus or FBTI is a plus.
- Good working knowledge of Excel and PowerPoint.
- Comfortable reviewing financial statements and calculating basic financial ratios.
Companys Benefits
Visa Sponsorship: Talan does not sponsor or transfer U.S. work permits or employment visas for this role.
At Talan we invest in our employees well-being and empower them with benefits including:
- The salary range for this role is US$90000 - US$110000
- 401(k) retirement plan with company matching
- 15 days of paid vacation per year at hire and up to 27 according to seniority (annual untaken vacation days are cashed out)
- 8 paid holidays 5 sick days 2 personal days per year
- Company health dental and vision insurance plans FSA
- Voluntary STD and LTD
- Commuter/transit benefits
Remote Work :
No
Employment Type :
Full-time
Key Skills
- Financial Statement Preparation
- Credit Analysis
- Cash Flow Analysis
- Math
- Banking
- Analysis Skills
- UCC Law
- Underwriting
- Financial Analysis
- Financial Modeling
- Financial Report Interpretation
- Word Processing
About Company
Talan is an international consulting and technology expertise group that accelerates the transformation of its clients by leveraging innovation, technology, and data. For over 20 years, Talan has been advising and supporting businesses and public institutions in the implementation of ... View more
