Processing Analyst I

About the role

Serve as a control function to protect the company's collateral by reviewing, verifying, reconciling and processing Premium Finance (PF) agreements for acceptance and funding, consistent with corporate policy and procedure. Work in tandem with Account Executives to provide PF client service for a geographic sales territory.

Responsibilities

• Analyze loan documents and address processing requirements to accept new and endorsed PF agreements within individual approval limit to ensure adherence to all policies and procedures prior to booking a loan
• Resolve contract discrepancies by collaborating with the agent, AFCO Marketing and Sales Team
• Reconcile distribution of loan proceeds to ensure appropriate and timely distribution of funds
• Complete post acceptance policy verifications with Carriers as part of additional fraud prevention effort to help reduce collateral losses
• Complete welcome calls direct with insureds as part of additional fraud prevention efforts to help reduce collateral losses
• Maintain oversight of open loan processing items
• Monitor and manage draft check payments to retail agent clients to ensure appropriate and timely distribution of funds
• Identify, evaluate and submit/post account adjustments and refunds to accounts
• Communicate with management and client facing sales representatives to provide updates on loan acceptance and funding information or potential situations which may delay loan funding

Qualifications

• High School diploma or equivalent
• One year of related experience
• Detail-oriented team player
• Ability to excel in a fast-paced environment
• Ability to multi-task and stay organized
• Execute sound judgment and escalate issues accordingly
• Strong communication and customer service skills
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products

Preferred Qualifications

• Bachelor's degree or equivalent education and related training
• Two years of loan processing and/or Premium Finance industry experience
• Insurance, lending or financial services experience

Pay

The annual base salary for this position is $50,000-53,000 per year.

Schedule

Work Shift 1st shift (United States of America)