ICBA Coverage Insurance, Analyst

Barclays • New York, NY

1d • Onsite

About The Position

Join Barclays as an ICBA Coverage Insurance, Analyst, is responsible for evaluating, validating, and supporting insurance coverage solutions for community bank clients. This role ensures that insurance programs align with regulatory requirements, risk management needs, and ICBA best practices. The analyst works closely with producers, carriers, and bank stakeholders to evaluate coverage, identify gaps, and provide technical insurance support. You will review and analyze insurance policies including commercial lines, professional liability, bank package policies, cyber, D&O, EPLI, and related coverages. Assess coverage adequacy and identify gaps, overlaps, or exposures for community bank clients. You will also, evaluate policy terms, endorsements, exclusions, and limits to ensure alignment with ICBA standards and regulatory expectations.

Requirements

• In-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• Corporate Financing
• Proficient in Microsoft Suite
• Financial Modelling
• Interpreting multi-layered insurance contracts and regulatory requirements

Nice To Haves

• Insurance Experience
• Series SEI, 63, 79
• Detail oriented with ample assessing and documentation skills

Responsibilities

• Management of client relationships to identify the clients financial goals, challenges, and risk tolerance
• Support the analysis of data obtained from various sources, including the investment portfolio and cash flow, to identify trends, insights, areas for improvement and additional services to support client needs.
• Research and understanding of the client's industry trends, regulatory landscape, and competitive environment to inform strategic recommendations.
• Design of customised solutions that address the client's specific needs and objectives, incorporating a range of products and services from the bank's portfolio.
• Communication of the value proposition of proposed solutions, justification of recommendations, and negotiation of terms that are beneficial for both the client and the bank.
• Provision of guidance to clients to support their financial decisions, offering expert investment advice, risk management and wealth management strategies support, and updates on market trends to ensure a positive and continuous relationship.
• Assessment of financial, legal, and operational risks associated with client relationships, and implementation of measures to minimise potential losses.
• Documentation of all client interactions, transactions, and agreements to ensure transparency and auditability, and communicate findings effectively to support product development, service offerings, and the overall bank strategy.
• Monitoring of client satisfaction, revenue generated, and other relevant metrics to evaluate the effectiveness of relationship management efforts.
• Perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• Develop technical expertise in work area, acting as an advisor where appropriate.
• Partner with other functions and business areas.
• Take responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to.
• Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.
• Review and analyze insurance policies including commercial lines, professional liability, bank package policies, cyber, D&O, EPLI, and related coverages.
• Assess coverage adequacy and identify gaps, overlaps, or exposures for community bank clients.
• Evaluate policy terms, endorsements, exclusions, and limits to ensure alignment with ICBA standards and regulatory expectations.

Benefits

• The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed