Risk Management Analyst

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 $62 billion in assets.

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (past 6 years)
• Competitive pay and discretionary or incentive bonus eligible
• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
• Family-friendly work hours
• With 200 community bank locations, we offer opportunities to grow and develop in your career
• Promote from within culture

Why join this team?

• We have a culture that encourages an entrepreneurial spirit
• We offer multiple opportunities for development and upward mobility

What you will do:

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 Risk Discussion Forum, Executive Risk Discussion Forum and/or Management. The analyst will make informed decisions based on Risk evaluation criteria.

• 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 action 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.

Knowledge/Skills/Background/Experience:

• Bachelors degree preferred
• Minimum 2-3 years banking or related experience
• Resourceful, well-organized, detail oriented possessing good interpersonal and communication skills
• Ability to analyze key sets of data, determine trends and demonstrate quality decision making skills
• Accountable for accuracy and timeliness of work product in a fast paced work environment
• Knowledge of Microsoft Word and Excel

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

Compensation

The estimated hourly rate for this role is $24.00-$30.00 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.

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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 be Chicago’s Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. 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, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.