US Tech Solutions · 10 hours ago
Commercial Loan Insurance Specialist
United States
Contract
Remote
Entry, Mid Level
$20/hr - $20/hr
2+ years expUS Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions. They are seeking a Commercial Loan Insurance Specialist responsible for managing insurance matters related to commercial loans, ensuring compliance with loan documents and investor requirements.
Information Technology
Hiring Manager
Abdul Mannan
Responsibilities
Review, analyze and interpret all types of property and liability insurance policies, operating statements and property appraisals for commercial loans to ensure compliance with the loan documents, investor requirements and internal policies and procedures
Manage and ensure the data contained in the servicing system is updated to reflect the current status regarding insurance policy effective dates and coverage amounts
Monitor and manage the disbursement of payment of all insurance premiums for the commercial mortgage loans for which there are escrow funds being held and any force place insurance premiums
Monitor and collect the necessary documentation to determine that all non-escrowed loans have adequate insurance policies in force
Initiate and oversee any forced place insurance coverage that is required due to inaction of the borrower
Oversee and administer all casualty losses incurred on the commercial properties. This includes, but is not limited to, analyzing the severity of the loss by reviewing loss affidavits, engineering reports, etc., arranging property inspections, and processing disbursement requests from the loss proceeds
Correspond, either verbally or in writing, as necessary with borrowers, insurance agents, and insurance companies to resolve any issues or discrepancies related to insurance
Interact with internal departments as needed to resolve any issues or discrepancies related to insurance
Administer all customer inquiries and requests that relate to commercial property insurance
Assist with servicing acquisition related tasks
Train new employees
Assist the department supervisor with other duties as assigned
Act as resource to other department members and internal/external customers
Qualification
Required
Minimum two-years broad based commercial property insurance or related experience or Four-year college degree
Legal document review and interpretation experience
Extensive knowledge of the various types of commercial property insurance policies
Excellent verbal and written communication skills
Preferred
Commercial loan servicing experience
Four-year college degree
Commercial insurance agency or insurance carrier work experience
Experience with McCracken/Strategy loan servicing system
Efficient in the use of word processing and spreadsheet software, such as Word and Excel
Ability to multi-task effectively
Ability to function in a 'deadline driven' environment and prioritize responsibilities
Ability to work in a team environment and motivate others
Ability to manage change and foster teamwork
Strong interpersonal skills and professional conduct
Company
US Tech Solutions
US Tech Solutions counted among the largest yet the fastest growing staffing firm; all achieved organically.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Manoj Agarwal
Chief Executive Officer
Recent News
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