Insurance Program Analyst

At Lendbuzz, we believe financial opportunity should be more personalized and fair. We develop innovative technologies that provide underserved and overlooked borrowers with better access to credit. Key Responsibilities (Monthly Allocation) GAP & Insurance Tracking Policy Sales Processing: Manage the weekly process of preparing and uploading files to the vendor site, and sync with the internal Accounting department. Loss Development Triangles: Analyze loss and premium data to prepare monthly loss development trends. Tracking & Insurance Coverage: Prepare and upload weekly insurance coverage information to the insurance tracking vendor. Invoice Reconciliation: Verify monthly vendor invoices against portfolio size; manage payment approvals. Special Project: Lead operational initiatives for vendor transitions or portfolio migrations. VSI (Vendor Single Interest) Program Performance: Develop monthly loss development results and highlight data trends regarding surplus/deficit projections. Premium Management: Calculate accurate premium payments across multiple insurance channels. Audit & Reporting: Monthly audit of claim payments to ensure accuracy and reporting consistency. Primary Insurance Trends: Analyze total loss payback trends; flag low‑performing cohorts to management. VSC (Vehicle Service Contract) Cancellation Management: Confirm cancellation funds and amounts for processing and reconcile with operational specialists. Billing & Reconciliations: Perform VIN‑level audits for vendor results. Issue Resolution: Resolve rejected sales/VIN coverage issues with Sales and vendor teams. Vendor Onboarding: Manage operational data setup for any new VSC product launches. Additional Areas Dealer & Portfolio Strategy Dealer Performance Audits: Conduct deep dives into "Dealer Bands" to identify high‑loss retailers and recommend pricing or product adjustments. Profitability Modeling: Move beyond basic loss development triangles to model the long‑term ROI of each insurance product line. Market Benchmarking: Periodically review competitor program structures to ensure our VSC/GAP offerings remain competitive. Compliance, Documentation & Systems SOPs: Create and maintain a comprehensive "Insurance Operations Manual" for all tasks (IQQ, Sigma, Allied FTP, etc). Reporting Automation: Partner with the Data/IT team to automate manual spreadsheet tasks into Salesforce or Sigma dashboards. Key Requirements Financial Literacy: Deep understanding of insurance accounting (accruals, loss ratios, and premium disbursements). Analytical Rigor: Ability to turn raw data triangles into executive‑level narratives and business recommendations. Advanced Data Proficiency: High‑level Excel and Salesforce expertise. Background Checks: After an offer is accepted, Lendbuzz conducts a pre‑employment background check. Any evaluation of the background check will be subject to an individualized assessment, taking into account the applicant’s or employee’s specific record and the responsibilities and requirements of the particular role. #J-18808-Ljbffr Lendbuzz