Structured Securities Analyst

National Association of Insurance Commissioners (NAIC)•New York, NY

4d•$111,000 - $142,000•Hybrid

About The Position

The Regulatory Affairs division of the National Association of Insurance Commissioners (NAIC) has an exciting opportunity for Structured Securities Analyst position. This position supports the credit risk assessment of RMBS and CMBS and performs both quantitative and qualitative analyses on other structured finance products. Assists state insurance regulators, provides data support to facilitate research, help develop analytical tools, and interact with insurance companies.. This is a full-time hybrid position, in a positive and flexible environment. Residency within 100 miles of the New York office is required. Responsibilities Include: Across multiple asset classes (RMBS, CMBS, CLO, etc.) conduct structural reviews of transactions, evaluate credit and cash flow models to ensure sound analysis, assess collateral performance and projected cash flows, ensure accuracy of investment and analytical data, and perform research on structured finance and insurance industry investment activities. Explore and identify opportunities to develop and enhance analytical tools. Assist with data integration and process enhancement initiatives. Develop understanding of relevant statutory accounting principles. Monitor and manage the structured securities group help desk. Provide support to regulators. Collaborate effectively with cross-functional teams within the NAIC and engage with representatives from insurance companies. Management Responsibilities: This position does not have direct reports. Minimum Education and/or Experience Required: Bachelor’s degree or higher in Finance, Engineering, Data Science, Statistics, or a related field, 5-7 years of professional experience, demonstrating strong quantitative and analytical skills or an equivalent combination of education and experience. Ability to comprehend and analyze financial structures and legal documents Experience with structured finance cash flow modeling a plus Knowledge of structured finance asset classes such as RMBS, CMBS, and CLO Strong communication skills and ability to work both independently and collaboratively Demonstration of initiatives and enthusiasm CFA/FRM preferred Systems & Technology Requirements Proficiency in Microsoft Office Suite/365 and SQL. Familiarity with business intelligence tools. Python or other programming languages a plus. Schedule: Hybrid While this position qualifies for a hybrid schedule, you may be required to come into the office for a minimum of one day each week plus for ongoing meetings, events or training. Travel Requirements This position requires regular, out-of-state, overnight travel in support of member meetings and events throughout the year. Must be able and willing to travel to locations throughout the United States and with such frequency as necessary to meet the needs of this position and the Association. Compensation $111,000- $142,000, commensurate with education and experience. Sponsorship Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time. Interested in learning more about the amazing benefits the NAIC offers? Visit our Benefits page for more information. The NAIC is proud to be an Equal Opportunity Employer Applicants for all positions are considered without regard to age, race, creed, color, religion, sex, sexual orientation, gender identity or expression, national origin or ancestry, marital status, pregnancy, genetic information, military or veteran status, disability, or any other basis protected by applicable law. LEARN MORE ABOUT THE NAIC Company Overview The National Association of Insurance Commissioners (NAIC) is a member-focused, non-profit Association supporting state insurance commissioners, and their departments, to effectively regulate the insurance industry and protect consumers. Headquartered in Kansas City, New York, and Washington DC, our 150-year-old Association offers the coordination of expertise in policy and regulation among state departments, data and technology, financial regulatory support, training and education, and resources for ongoing collaboration among the states and jurisdictions. Diversity Statement Our member-driven Association supports the dynamic and diverse needs of state regulatory agencies and the consumers of insurance products and services. Through our ongoing commitment to Diversity, Equity, and Inclusion, we believe our employees provide a wide range of experience and expertise to generate better ideas and solve complex problems consumers and our members face as insurance products and regulations evolve over time. Guiding Principles • We put customers first • We are committed to continuous improvement • We succeed by working together • We do what it takes to get the job done • We communicate often • We treat colleagues with respect and honesty

Requirements

Bachelor’s degree or higher in Finance, Engineering, Data Science, Statistics, or a related field, 5-7 years of professional experience, demonstrating strong quantitative and analytical skills or an equivalent combination of education and experience
Ability to comprehend and analyze financial structures and legal documents
Knowledge of structured finance asset classes such as RMBS, CMBS, and CLO
Strong communication skills and ability to work both independently and collaboratively
Demonstration of initiatives and enthusiasm
Proficiency in Microsoft Office Suite/365 and SQL
Applicants must be authorized to work for any employer in the U.S.
Must be able and willing to travel to locations throughout the United States and with such frequency as necessary to meet the needs of this position and the Association

Nice To Haves

Experience with structured finance cash flow modeling a plus
CFA/FRM preferred
Familiarity with business intelligence tools
Python or other programming languages a plus

Responsibilities

Across multiple asset classes (RMBS, CMBS, CLO, etc.) conduct structural reviews of transactions
evaluate credit and cash flow models to ensure sound analysis
assess collateral performance and projected cash flows
ensure accuracy of investment and analytical data
perform research on structured finance and insurance industry investment activities
Explore and identify opportunities to develop and enhance analytical tools
Assist with data integration and process enhancement initiatives
Develop understanding of relevant statutory accounting principles
Monitor and manage the structured securities group help desk
Provide support to regulators
Collaborate effectively with cross-functional teams within the NAIC and engage with representatives from insurance companies