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    Insurance Risk Analyst - Chicago, United States - Diligente Technologies

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    Description

    Looking for: Insurance Risk Analyst

    Job Type: Full-time

    Location: Chicago, Illinois - Hybrid model

    What You'll do

    We are in search of a highly motivated individual to join our team as an Insurance Risk Analyst. Your main responsibility will be to assist in developing and maintaining risk rating models, leveraging your quantitative, actuarial, or statistical background. Collaborating closely with senior analysts, you will analyze data, construct and validate models, and offer insights to bolster decision-making processes for our insurance company members.

    How you'll make an impact:


    - Contribute to the ongoing support, development, and implementation of risk rating models for insurance Members, ensuring accuracy and efficiency in data analysis to facilitate well-informed decision-making processes.

    - Collaborate with cross-functional teams to collect data and insights, keep abreast of industry trends and regulatory requirements, and propose necessary adjustments to enhance model performance.

    - Aid in underwriting and compiling comprehensive reports that encompass the financial status, trends, and prospects of members and prospective members, thereby assisting the Bank in efficiently managing credit risk.

    What you can expect:


    - Develop and maintain internal models for evaluating credit risk and assigning risk ratings for our life and property & casualty insurance members.


    - Manage credit models and assist in the department's analysis of extensive financial datasets


    - Utilize Excel VBA to construct and automate models, ensuring accuracy and efficiency in data analysis.


    - Perform statistical analysis and data mining to identify patterns and trends in credit risk.


    - Work with cross-functional teams to gather data and insights to improve model performance.


    - Keep abreast of industry trends and regulatory requirements pertaining to credit risk modeling.


    - Assist in preparing reports and presentations as well as conducting ad hoc analysis for senior management and third parties (such as regulators).

    What you'll bring:


    - Bachelor's or Master's degree in Mathematics, Actuarial Science, Statistics, or a related analytical field


    - 1-4 years of experience in insurance analysis


    - Proficiency in insurance organizations and statutory accounting is preferred, including prior involvement in credit underwriting or financial analysis, especially in the insurance sector.


    - Knowledge of regulatory filings, statutory accounting principles, and financial modeling.


    - Experience with SNL Financial or similar financial data platforms.


    - Strong analytical skills with the ability to interpret intricate data sets.


    - Understanding of the insurance industry and credit risk principles.


    - Outstanding interpersonal communication skills (written, oral, and listening)


    - Attention to detail and a dedication to delivering high-quality work.


    - Comfortable working in a team-based setting.


    - Excellent time management skills, curiosity, and initiative.


    - Tableau, VBA, R, SNL, and Bloomberg experience is advantageous.


    - Proficiency in MS Office Products Required (Excel, Outlook, Access, and Word)


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