The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a Senior Insurance Company Credit Analyst to join our team. This position will perform credit analyses of life, health, and P&C insurance company members, intended to assist credit management in the formulation of lending and collateral decisions. Conduct financial and economic studies of the insurance industry to aid FHLBank Indianapolis efforts in development of products and services to the insurance industry from a credit risk perspective. Maintain knowledge of insurance industry developments and provide Credit Services management with updates regarding activities and events impacting insurance company members.
The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.
·Credit Analyses - Perform credit analyses and monitor the financial condition of life, health, and P&C insurance company members; supplemental mortgage insurers and primary mortgage insurers contracted by the Mortgage Purchase Department; and other insurance companies utilizing S&P Market Intelligence, regulatory financial statements, SEC filings, business plans, annual reports and confidential regulatory examination reports. Draft written credit reviews of these entities to support credit decisions and collateral requirements.
·Financial Modeling and Scorecards - Assist in the maintenance, monitoring, and execution of robust credit analysis models, scorecards, and tools. Design reports and interpret the data outputs of the models, scorecards, and tools to assist Credit Services management in their lending, collateral, and underwriting decisions.
·Financial Research - Assist the Underwriting Manager by providing analyses, reports and other documentation regarding insurance company member underwriting for the purpose of on-going credit risk management, internal audits, risk assessment evaluations and regulatory examinations. Support Credit Services Department management in the development of new products and services directed at our insurance company membership; while maintaining adherence to FHLBank Indianapolis credit risk parameters.
·New Membership Applications – Review/process membership applications filed by prospective insurance company members. Review application materials for completeness and regulatory compliance, perform a credit analysis of the prospective member, complete application digest, and recommend approval/denial of the application.
·Miscellaneous Duties - Develop expertise in credit risk analysis. Through the use of news services, seminars and training classes, remain current on insurance industry events/developments which affect the extension of credit to FHLBank Indianapolis insurance company members. Participate on internal committees as assigned.
Bachelor’s degree in Finance, Accounting or other related field. Advanced degree (Masters level+) in a business field and/or a professional certification (CPA or CFA) or relevant insurance work experience preferred.
Minimum of five years’ experience working directly in a financial institution preferably in a capacity providing relevant insurance work experience.
Strong understanding of statutory accounting, balance sheets, income statements, cash flows, funding sources, and capital types specific to insurance companies.
Must be detail-oriented and possess excellent analytical and communication skills. Ability to interact with top management of the FHLBank Indianapolis and its members. Ability to work and collaborate with team members.
Must be proficient in Microsoft Office products; including Word, Excel and Access. A strong understanding of Microsoft Excel and Access is desirable.
Must not have been convicted of any civil or criminal charge that would suggest a risk to Bank security.
Must have the ability to work full time.
Must have the ability to uphold and model the bank’s guiding principles.
The Federal Home Loan Bank of Indianapolis is an Equal Opportunity Employer.
About Federal Home Loan Bank of Indianapolis
FHLBI is one of 11 regional banks that make up the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions. FHLBanks are privately capitalized and funded, and receive no Congressional appropriations. The FHLBI is owned by its approximately 400 Indiana and Michigan financial institution members.