National Cooperative Bank · 20 hours ago
Sr. Insurance Analyst
National Cooperative Bank is seeking a Sr. Insurance Analyst to review and analyze complex annual insurance renewal documents. The role involves ensuring compliance with loan documents and servicing agreements, identifying deficiencies, and maintaining accurate insurance data.
Banking
Responsibilities
Independently review and analyze complex annual insurance renewal documents for Real Estate, Commercial, and SBA loan portfolios
Evaluate insurance policies for compliance with loan documents, servicing agreements, and investor guidelines
Identify insurance deficiencies and communicate directly with insurance agents, borrowers, and internal stakeholders
Monitor cancellation notices and ensure continuous insurance coverage is maintained
Review insurance documents for new loan originations and resolve compliance issues prior to closing
Maintain accurate insurance data within McCracken and other internal systems
Exercise professional judgment and escalate high-risk issues when appropriate
Support audits, loan sales, and special projects
Provide informal mentoring and technical guidance to junior analysts
Participate in cross-training and departmental initiatives
Identify and recommend workflow and process improvements
Complete all required compliance and cybersecurity training
Qualification
Required
Two (2) years of experience in insurance, lending/ banking
Strong judgment, organization, communication, and independent work capability
Accuracy and quality of insurance reviews
Timeliness of renewals and new-loan reviews
Customer service responsiveness and professionalism
System accuracy and data integrity
Audit readiness and loan sale support
Ongoing professional development and compliance adherence
Professional communication with agents, borrowers, and internal teams
Strong technical insurance knowledge and analytical capability
Collaborative teamwork and departmental support
Proficiency in Microsoft Office and internal banking systems
Preferred
Associate or bachelor's degree preferred
Minimum of 2 years of property and casualty insurance experience preferred
Certifications: AINS, AU, CPCU coursework or progress preferred
Company
National Cooperative Bank
National Cooperative Bank is a company that offers banking and financial services.
Funding
Current Stage
Growth StageRecent News
Crain's New York Business
2024-10-31
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