Perform credit analyses of FHLBI insurance company members, intended to assist credit management in the formulation of lending and collateral decisions. Conduct financial and economic studies of the insurance industry to enhance member credit risk management practices. Maintain knowledge of insurance industry developments and provide Credit Services management with updates regarding activities and events impacting insurance company members.
The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.
Perform credit analyses and monitor the financial condition of FHLBI insurance company members, Supplemental Mortgage Insurers and Primary Mortgage Insurers contracted by the Mortgage Purchase Department and other insurance companies utilizing S&P Market Intelligence, regulatory financial statements, SEC filings, business plans, annual reports and confidential regulatory examination reports. Draft written credit reviews of these entities to support credit decisions and collateral requirements.
Assist in the maintenance, monitoring and execution of robust credit analysis tools and interpret data outputs. Design reports and interpret the data outputs of the models and tools to assist Credit Services management in their lending, collateral and underwriting decisions.
Assist the Underwriting Manager by providing analyses, reports and other documentation regarding insurance company member underwriting for the purpose of on-going credit risk management, as well as for internal audits, risk assessment evaluations and regulatory examinations. As needed, support FHLBank Indianapolis in the development of new products and services directed at our insurance company membership; while maintaining adherence to FHLBI credit risk parameters.
Review/process membership applications filed by prospective insurance company members. Review application materials for completeness and regulatory compliance, perform a credit analysis of the prospective member, complete application digest, and recommend approval/denial of the application.
Develop expertise in credit risk analysis, and using news services, seminars and training classes, remain current on insurance industry events/developments which affect the extension of credit to FHLBI insurance company members.
Participate on FHLBI internal committees as assigned.
Bachelor’s degree in Finance, Accounting or other related field. Advanced degree (Masters level+) in a business field and/or a professional certification (CPA or CFA) or relevant work experience preferred.
Minimum of five years’ experience working directly in a financial institution or in a capacity providing relevant work experience.
Strong understanding of balance sheets, income statements, cash flows, funding sources, and capital types specific to insurance companies.
Must be detail-oriented and possess excellent analytical and communication skills. Ability to interact with top management of the FHLBI and its members.
Must be proficient in Microsoft Office products; including Word, Excel and Access. A strong understanding of Microsoft Excel and Access is desirable.
Must not have been convicted of any civil or criminal charge that would suggest a risk to Bank security.
Must have the ability to work full time.
Must have the ability to uphold and model the bank’s guiding principles.
FHLBank Indianapolis is an Equal Opportunity Employer.
About Federal Home Loan Bank of Indianapolis
The Federal Home Loan Bank of Indianapolis (FHLBI) is a regional wholesale bank that has been meeting the liquidity needs of member financial institutions throughout Indiana and Michigan since 1932. Our core mission is to provide a reliable source of liquidity to member banks, credit unions, community development financial institutions, and insurance companies to support housing finance, asset-liability management, and community lending. We also help communities and families through grants and low-cost loans to our members that help support affordable housing and economic development initiatives.
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