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Lument · 22 hours ago

Insurance Associate

United States

Full-time

Remote

Entry Level

1+ years exp

Lument is a company focused on managing insurance obligations for a portfolio of loans. The Insurance Associate will be responsible for ensuring compliance with insurance requirements by analyzing property and liability coverage, engaging with borrowers and agents, and addressing any non-compliance issues.

Commercial Real EstateFinanceReal Estate

Responsibilities

Knowledge of core insurance coverages such as Property, Liability, Auto, Crime, Wind/Named Storm, Flood, and Earthquake etc

Review insurance policy renewal information from borrowers and or agents prior to the due date to ensure policy compliance with loan documents/investor and lender requirements

Ability to remediate non-compliant insurance issues through timely requests for additional information and corrective measures through correspondence with the Agent/Broker and/or Borrower

Respond timely to inquiries from internal and external customers, ensuring that the proper notification, escalation, communication, and coordination occurs with management related to the performance of job duties, as needed

Monitor reports and deadlines to ensure work is completed in advance of set timelines, proactively communicating portfolio status with manager or team lead as needed

Utilize the Servicing System and other software applications to facilitate insurance reviews

Stay abreast of regulatory requirements relative to the various product types and ensure team members are aware of any internal or external policy or regulatory changes, as appropriate

Other projects and duties as assigned

Qualification

Insurance compliance processingCommercial insurance knowledgeMicrosoft Office proficiencyAnalytical skillsFlexibility under pressureAttention to detailTime managementTeam collaboration

Required

At least 1-3 years of experience in commercial real estate mortgage industry of insurance compliance processing and/or experience in Commercial Insurance selling, underwriting or claims

Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; sense of urgency and attention to detail

Ability to manage multiple assignments and transactions simultaneously

Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities

Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team

Flexibility and ability to work under pressure with tight deadlines and constant interruptions; Ability to adjust priorities in a changing environment