Job Summary:
The Insurance Analyst at NewEdge Family Office is responsible for analyzing and evaluating insurance policies, programs, and data and providing recommendations to advisors and management. This role bridges complex data and business application and requires strong skills such as adaptability, problem-solving, collaboration, and organization for success in the role.
Location: Stamford, CT or New York, NY
Duties/Responsibilities:
- Operational & Administrative Support: Manage and maintain client files, policy records, and CRM data.
- Integration: Support producers and wealth advisors in aligning insurance solutions with broader financial, estate, and tax-planning strategies.
- Data Collection & Analysis: Collect and analyze data on policyholders, policies, and premiums to identify trends and patterns.
- Risk Assessment: Assess potential risks associated with various insurance policies to determine appropriate coverage and premium rates.
- Reporting & Presentation: Prepare detailed reports, dashboards, and presentations on premiums and other key metrics for internal stakeholders and management.
- Policy & Program Evaluation: Review existing insurance policies and programs to identify gaps, ensure accuracy, and recommend enhancements or changes to improve effectiveness and compliance.
- Collaboration: Act as a communication bridge between the producer, insurance partners, and carrier home offices to ensure efficient case flow and accurate compensation tracking. Process Improvement: Identify operational inefficiencies and assist in developing and implementing solutions to enhance productivity, accuracy, and automation.
- Customer Support (Internal/External): Provide support by addressing complex inquiries and explaining policies
Skills/Qualifications:
- Education: A Bachelor’s degree in Finance, Economics, Statistics, Business Administration, or a related quantitative field is required.
- Experience: Prior experience in insurance, risk management, or a data analyst capacity is preferred, with an understanding of various insurance products (e.g., P&C, L&H).
- Analytical Skills: Strong analytical and critical-thinking skills are essential for dissecting complex data, identifying trends, and solving problems.
- Communication: Excellent written and verbal communication skills to clearly articulate complex findings and recommendations to diverse stakeholders.
- Attention to Detail: Meticulous attention to detail is crucial for reviewing policies and data to prevent errors and ensure compliance.
- Licenses/Certifications: Professional certifications like Chartered Property Casualty Underwriter (CPCU) or Associate in Risk Management (ARM) are often a plus. May be required to obtain a relevant state insurance license within a specified timeframe (e.g., Life, Accident and Health license or P&C license).
Salary: $75,000 – $95,000, based on experience
