Credit Risk Analyst

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This opportunity is in the Credit Risk Department.

Our Credit Risk department manages our workers’ compensation surety bond product offering, while supporting our large deductible and large casualty product offerings that require customer financial analysis. With access to the robust S&P CaptialQ Platform, our credit risk underwriters have the latest cutting-edge technology to assist in our financial and credit risk analysis. As a tight-knit but growing department, there are incredible opportunities for growth within and outside our team.

Role Description:

Entry level professional position that contributes to the Credit Risk Department primary product offerings - Self-Insured Workers’ Compensation (WC) Surety Bonds and Large Deductible (LD) Insurance policies. A key contributor to the operations of the Credit Risk Department relating to Self-Insured WC Surety Bonds, LD Insurance policies, and other various credit risk areas/product lines by providing a high performance, detailed orientated, and team first skill set. This individual will also have the opportunity to help underwrite the financial/credit risk information associated with Safety National’s Self-Insured WC Surety Bond product and our LD insurance policies. This credit risk analysis is performed primarily through an extensive evaluation of an account’s financial statements. Once the financial/credit risk analysis has been completed and properly approved, new or renewal WC Surety Bond and LD policy terms are quoted. 

Your day-to-day responsibilities as a Credit Risk Analyst will include:

• Solicit financial statements of current and prospective insureds for submissions for the WC Surety Bond and LD product lines. Review and assess new and renewal submission data to ensure information is complete and accurate.  Entry and filing of submission data in Credit Risk systems.
• Prepare and execute new surety bonds, bond riders, and cancellation notices and update V2 surety bond application, Insurance Management System and ImageNow, as change are required to be made to the surety bonds.
• Assist in the development of WC Surety Bond and LD quote terms (new and renewal quotes) derived from the previously documented credit risk underwriting process. New and renewal quotes include collateral (if applicable), pricing/credit risk charges, and indemnity requirements.
• Ensure a high level of data quality within Credit Risk Department. Work with the Information Services Department to identify system anomalies in the V2 Surety Bonds application, Insurance Management System and Image Now.  Complete user acceptance testing and implement corrective actions.
• Communicates with internal and external contacts in the normal course of business under guidance from exempt personnel.
• Works with staff to assist in performing various administrative tasks including data entry, data requests, file maintenance, and maintaining lists of records.

If this role describes you, don’t delay. Apply today!

Qualifications:

Education:

• Bachelor degree in Accounting and/or Finance

Required Qualifications:

• Prior applicable work experience
• Possesses excellent written and verbal communication skills
• Proficient in the use of Microsoft Excel, Word and Outlook

Preferred Qualifications:

• Able to prioritize tasks and multi-task while working with others to meet set timeframes
• Works under general supervision.

Safety National is committed to fair, transparent pay and we strive to provide competitive, market-based compensation. In our vision to be First with Co-Workers, compensation is only one piece of the comprehensive total rewards package we offer. The target salary range for this position is $56,000 to $87,000. It is anticipated that most qualified candidates will fall near the middle of this range. Compensation for the successful candidate will consider the candidate’s particular combination of knowledge, skills, competencies, and experience.  

Safety National is a leading specialty insurance and reinsurance provider. Our culture is built upon relationships, which allow us to demonstrate our expertise gained through our rich 80-year history. As a wholly-owned subsidiary of Tokio Marine, Inc., we appreciate the benefits and support provided by our affiliation with one of the top 10 insurance companies in the world.

A Benefits Structure That Puts Employees First

Safety National’s approach to benefits reaches far beyond competitive fixed compensation. Instead, we construct a total rewards benefits package for each valued member of our team. Highlights include incentive award bonuses, an annual holiday bonus, and profit-sharing contributions. Other exceptional benefits include generous healthcare coverage, a 401(k) match, enhanced paid caregiver leave, and family-forming benefits for adoption, surrogacy, and fertility. We also promote balance by offering a hybrid working environment and several employee appreciation events throughout the year. Apply today to learn more about our total rewards approach.