Risk Management Analyst at Wintrust Financial Corporation

Northbrook, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

05 Sep, 26

Salary

26.0

Posted On

07 Jun, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Risk Evaluation, Data Analysis, Due Diligence, Financial Analysis, Microsoft Word, Microsoft Excel, Interpersonal Skills, Decision Making, Trend Analysis, Portfolio Review, Organization

Industry

Financial Services

Description

As one of the largest premium finance companies in the country, FIRST Insurance Funding provides full premium finance services, plus additional services built specifically for agencies. We pride ourselves on the variety of incentive programs, services, and technology we offer. This not only helps grow the agents, brokers, and companies we partner with, but also helps them better serve their clients. FIRST Insurance Funding is a subsidiary of Wintrust, a financial services company with more than $66 billion in assets. FIRST Insurance Funding prides itself in its commitment to service. Not only do we provide excellent service to our customers, but we focus on serving our community and coworkers as well. With management’s “Open Door" policy, every employee has a voice. Everyone helps as FIRST continually improves processes and opens lines of communication. FIRST provides a relaxed (blue jeans allowed), fun environment for its employees with many team-building events, our annual summer barbeque and holiday party, and many more! We offer a competitive salary with a comprehensive benefits package, including medical, dental, 401(k) matching, stock options, tuition reimbursement, gym membership reimbursement, and much more. No matter whom we’re serving… our customers, the community or each other… FIRST excels! The Risk Analyst is responsible gathering and analyzing information in order to underwrite a variety of external business units within the company’s portfolio. The Risk Analyst is also responsible for reviewing existing agents, general agents and insurance carriers and making recommendations to be presented to Credit Committee, Executive Credit Committee and/or Management. The associate will make informed decisions based on Risk evaluation criteria. Principle Duties and Responsibilities: Complete underwriting for new Agent entities along with approval memos including all necessary Risk criteria. Review existing entities for annual portfolio reviews (Agents, General Agents and Insurance Carriers) Investigate trends/patterns within portfolio and recommend actions plans to leadership based on review findings Review Credit Line increase requests and submit recommendations based on completed due diligence. Conduct bank references, market references and policy/funding verifications on necessary entity setup/reviews Reach out to key internal/external business partners to discuss needed information, business decisions and/or findings to determine applicable next steps. Job Requirements: Minimum Associates Degree/Bachelors Preferred Minimum 2-3 years banking experience Resourceful and well-organized Good interpersonal skills Ability to analyze keys sets of data and determine trends Proven ability to demonstrate quality decision making Detail Oriented Exhibit proactive teamwork Ability to work in a fast-paced environment Accountable for accuracy and timeliness of work product Knowledge of Microsoft Word and Excel Compensation The estimated hourly rate for this role is $20.19 - $26.00 along with eligibility to earn an annual bonus. Actual pay rate may vary based on several factors, such as a candidate’s qualifications, skills and experience Benefits Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance #LI-ONSITE #LI-LR1 From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories. Wintrust provides community and commercial banking, specialty finance and wealth management services, delivering the sophisticated solutions of a large bank through a relationship-focused approach built from our community banking roots. Wintrust may collect personal information from you in connection with the application process. Wintrust complies with the California Consumer Privacy Act of 2018, and its policy may be found here Click here for Equal Opportunities.

Responsibilities

The Risk Management Analyst is responsible for underwriting external business units and reviewing existing agents and carriers within the company's portfolio. They analyze risk criteria and provide recommendations to the Credit Committee and management to inform business decisions.