Business Analyst

ABOUT EUCLID MORTGAGE

Euclid Mortgage is a market-leading managing general agency (MGA) specializing in analyzing and underwriting credit risk on large portfolios of residential mortgages. We execute innovative and efficient credit enhancement (re)insurance-based solutions that provide financial institutions with accretive third-party capital. We operate at the intersection of finance and insurance with a growing team of entrepreneurial professionals that augment decades of industry experience with cutting-edge technology. We were formed by four industry leaders who collectively have over 100 years of experience in the mortgage credit risk industry and were awarded the prestigious, MGA Launch of the Year Award from The Insurer, a leading industry trade publication, in recognition of outstanding achievements in our first year of operation., We are based in Chicago, IL.

Euclid Mortgage is an affiliate of Euclid Insurance Services Inc. (EIS). EIS is an award-winning platform based out of Itasca, Illinois that delivers large company capabilities in a privately owned, responsive environment for our partners, employees, brokers, carrier partners, and policyholders.

POSITION OVERVIEW

We are looking for a smart, hardworking, detail-oriented and analytically driven Business Analyst to join our Chicago-based team. In this role, you will support underwriting, risk management, and operational functions by turning complex data into actionable insights that drive sound business decisions across our mortgage insurance portfolio. Along the way, you will help create next-generation analytics, dashboards, and reports that support the business in communicating housing economics and reinsurance partner financial positions.

Prior mortgage (re)insurance experience is beneficial but not required: we will teach you the key concepts of analyzing and forecasting insurance premium and loss cashflows. Prior Accounting experience is also a plus.

KEY RESPONSIBILITIES

• Provide operational support for business of the company, including reviewing, tracking and maintaining key transaction documentation
• Assist in updating and maintaining client-facing portal with transaction data and documents, including quality control of data display
• Collaborate with risk, accounting, and operational teams on monitoring performance of transactions and reporting to clients by reviewing, analyzing and reporting on transaction performance
• Support underwriting teams with data-driven analysis on presence of enhanced risk parameters in pools of mortgages, assist with underwriting analysis, as well as project management on underwriting processes
• Monitor key performance indicators (KPIs) including default rates, cure rates, claim frequency, loss severities, loss ratios and other relevant metrics
• Conduct market and competitive research to benchmark company performance
• Identify process improvement opportunities and support implementation of solutions
• Support the building and maintenance of dashboards for senior leadership and operational teams that visualize complex data to deliver valuable insights that drive business decisions.

DESIRED QUALIFICATIONS

Professional Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, Accounting or a related field
• 1-3 years of experience in insurance, mortgage or financial services industry preferred

· Substantial professional experience using MS Excel (filter, sort, summarize, pivot tables, financial functions, visualization methods)

· Experience using MS PowerPoint, Outlook, Teams, and Word

· Experienced developing dashboards and reporting solutions such as PowerBI or Tableau

· Experience with all LLMs including a perspective on the relative strengths/weaknesses of each tool and examples of effective prompt design and utilization

· Able to manipulate large data files in csv format and analyze & process them using at least one other analytical tool (e.j., SQL, Python, R or Tableau)

Personal Qualifications

• Intellectual curiosity about the topics of mortgage credit risk and the work of our company
• Confident in clearly articulating questions and ideas
• Client focused and results-oriented
• Strong communication skills – both in-person and written – in order to successfully liaise with colleagues and clients
• Utmost professionalism, with a dash of fun
• Dedicated to completing a task with enthusiasm and integrity
• Inspired to perform well by the ability to contribute to the success of a project and a team
• Self-starter, takes initiative who works well independently and within a team
• High attention to detail and comfort working with large datasets.

· A passion for storytelling with numbers; ability to analyze raw data, draw conclusions, and develop actionable recommendations

• Ability to complete project deliverables, meet deadlines, and ensure compliance with quality procedures
• Excellent time management skills and ability to manage multiple priorities in a fast-paced environment

Pay: $70,000.00 - $80,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid holidays
• Paid sick time
• Paid time off
• Vision insurance

Work Location: Hybrid remote in Chicago, IL 60601