Senior Premium Financing Coordinator

Ryan Specialty•Rock Hill, NY

27d•$22 - $28

About The Position

The Senior Premium Financing Coordinator is responsible for managing and coordinating premium financing activities. This role involves working closely with insurance brokers, underwriters, and clients to ensure the smooth processing of premium financing contracts. What will your job entail?

Requirements

Bachelor’s degree in Finance, Business Administration or a related field with a minimum of 1 year of related experience.
Premium Financing Products
Financial Analysis
Risk Assessment
Industry Regulations
Develop and Implement Strategic Plans
Financial Software and Tools
Effective Communication
Interpersonal Skills
Attention to Detail
Decision Making
Problem-Solving
Continuous Learning

Nice To Haves

Certified Insurance Service Representative (CISR), Certified Insurance Counselor (CIC) or Certified Risk Manager (CRM) is preferred.

Responsibilities

Oversee all premium financing operations within the organization. This includes planning, organizing, and controlling the day-to-day operations related to premium financing.
Act as the primary liaison between the organization and insurance brokers/underwriters. Ensure all premium financing contracts are processed accurately and in a timely manner.
Develop and maintain strong relationships with premium finance companies. This includes regular communication and meetings to discuss any issues or opportunities.
Stay updated on all regulations related to premium financing and ensure the organization is in compliance. Also, ensure all company policies related to premium financing are adhered to.
Review all premium financing agreements for accuracy and completeness. Approve agreements that meet the organization’s standards and guidelines.
Act as the primary point of contact for any issues or discrepancies related to premium financing. Work with relevant parties to resolve these issues in a timely manner.
Provide training and guidance to junior staff members on premium financing operations. This includes providing feedback and coaching to improve performance.
Prepare detailed reports on premium financing activities. Present these reports to senior management and other relevant stakeholders.
Participate in the development of strategies to improve the organization’s premium financing operations. This includes identifying opportunities for improvement and implementing changes.
Stay updated on industry trends and regulations related to premium financing. Use this knowledge to inform decision-making and strategy development.