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New York City Housing Development Corporation · 2 months ago

Insurance Administrator

New York, New York

Full-time

Onsite

Entry Level

$50K/yr - $60K/yr

1+ years exp

The New York City Housing Development Corporation (HDC) is the nation's largest municipal Housing Finance Agency, focusing on increasing affordable housing supply and revitalizing neighborhoods. The Insurance Administrator supports the servicing of HDC's mortgage portfolio by managing insurance escrow accounts and coordinating with insurance brokers and the Engineering team on claims.

FinanceLendingProperty Development

Comp. & Benefits

Responsibilities

Obtains insurance certificates and invoices for property, liability, boiler and machinery, umbrella, fidelity, and other types of insurance at renewal on HDC and HPD properties

Manages insurance escrow: Reviews, pays insurance premiums, performs insurance escrow analysis, and updates insurance records in the servicing platform accordingly

Updates the system to reflect accurate Insurance Carriers ratings using AM Best

Monitors Mortgage Insurance Premiums to ensure HDC has the information required and approves payments for HUD, SONYMA, and REMIC

Coordinates insurance claim checks endorsements/funds releases with Asset Management Engineering Department

Coordinates arbitrage bills between Accounting, Hawkins Delafield and Wood, and the borrower

Performs other duties as assigned

Qualification

Insurance escrow managementProperty & Casualty Insurance LicenseMicrosoft Office SuiteAnalytic skillsHUDREMICSONYMACommunication skillsProblem-solving skillsAttention to detail

Required

A bachelor's degree from an accredited college in a related field and 1-3 years of administrative experience in insurance, escrow management, or loan servicing; or

A satisfactory combination of education and/or experience that is equivalent to the above

Intermediate proficiency in Microsoft Office Suite (Excel, Word, Outlook)

Questioning and deductive reasoning skills

Superior organization, analytic, and problem-solving skills with excellent attention to detail and ability to manage multiple tasks

Excellent communication skills, both written and verbal

Property & Casualty Insurance License a plus – willingness to obtain certification

Familiarity with HUD, REMIC, and SONYMA a plus