Sr. Financial Analyst (Credit Risk)

at  Matheson Constructors

EDUCATIONAL & PROFESSIONAL REQUIREMENTS:

• Bachelor’s degree in risk management, Finance, Accounting, or a related field (master’s degree preferred).
• Proven experience (minimum 7 years) in financial analysis, risk management, or underwriting (surety or commercial).
• Certification in Financial Risk Management (FRM) or Chartered Financial Analyst (CFA) designation preferred Strong analytical skills with proficiency in financial modelling and data analysis tools.
• Experience in construction industry or with subcontractor default insurance.
• Knowledge of insurance policies and regulatory frameworks.
• Self-management skills to plan, organize and prioritize tasks with conflicting deadlines
• Excellent verbal, written and negotiation skills
• Strong customer service skills, comfortable and capable of various forms of outreach/communication with subcontractors
• Excellent knowledge of financial statements and financial analysis
• Exceptional problem-solving abilities and professional judgement

• Evaluate and assess subcontractor financial data to determine creditworthiness and potential risks.
• Develop financial models to forecast potential losses and assess the financial impact of subcontractor defaults.
• Identify opportunities to enhance risk management strategies and improve financial outcomes.
• Promote awareness of risk management practices and procedures.
• Extract key data from CPA-prepared financial statements and analyze additional subcontractor-provided information, such as work-on-hand reports, cash flow statements, and other financial documents.
• Manage SDI policies, including reviewing coverage terms, premiums, and claims.
• Ensure adherence to regulatory requirements and internal policies related to SDI.
• Prepare detailed reports on insurance claims, financial exposures, and mitigation strategies.
• Collaborate with Project Managers, the legal team, and insurance providers to resolve issues and optimize insurance coverage.
• Engage with insurance brokers to review program policies and endorsements, ensuring alignment with industry standards and optimizing coverage to mitigate risks effectively.
• Resolve issues within the CDI program using established precedents, ensuring decisions align with company policies.
• Ensure the integrity of the CDI database in JDE and Compass Prequalification tool.
• Execute quarterly CDI project billing summaries and conduct analyses for aggregation trends, CDI carrier compliance, and tax compliance.
• Monitor newly established projects to ensure timely CDI enrollment. Utilize organizational knowledge and internal relationships to proactively engage with project teams, estimating groups, and finance teams to ensure the CDI underwriting process has ample time to provide rating advice back to project teams.
• Provide business intelligence reporting to operational teams.
• Perform other duties as assigned to ensure the success of the team and the entire organization