Mechanics Bank · 14 hours ago
Insurance Administrator Senior Commercial Real Estate
Walnut Creek HQ
Full-time
Onsite
Senior Level, Lead/Staff
$95K/yr - $145K/yr
10+ years expMechanics Bank is currently searching for an Insurance Administrator Senior Commercial Real Estate to join our team. The role is responsible for administering the insurance policies and procedures related to the servicing of Mechanics Bank's commercial real estate loan portfolio, interacting with various stakeholders and ensuring compliance with insurance requirements.
BankingFinancial ServicesWealth Management
Responsibilities
Periodically review and revise CRE Insurance Requirements for all CRE offered loan programs
Monitor and remain current on regulatory and investor insurance requirements, including but not limited to Fannie Mae Multifamily insurance guidelines, Special Flood Hazard Area designations, National Flood Insurance Programs, and lender forced placed insurance (FPI) programs
Develop and implement training program for CRE Loan Servicers, Asset Managers, Underwriters and Closers regarding insurance related materials
Oversee third party consultants engaged to review insurance policies at loan origination for compliance at closing, policy change and renewal, including reporting, quality controls, vendor compliance and periodic audit in accordance with HSB vendor management protocols
Manage HSB contracts with flood zone certification vendors, including period review, quality controls and audit as needed
Directly manage loan specific insurance related issues, including coverage exceptions, waivers, flood zone discrepancies, and FPI coverage matters
Develop and maintain written procedures for the effective tracking of insurance related data, including policy coverages, exceptions, renewals and expiration dates
Develop and maintain written procedures regarding the insurance escrow analysis process, including establishing periodic changes to annual insurance premium escalation amounts as appropriate
Work closely with CRE Loan Servicers, Closers and Underwriters to ensure Insurance standards are maintained, including periodic audit of files
Assist Asset Managers in insurance claim related activities as needed
Perform other related duties as assigned or requested
Qualification
Required
High school diploma
Minimum of 10 years' experience in commercial real estate lending/servicing and/or commercial Property and casualty insurance
Strong understanding of lender insurance requirements for all commercial property types
Ability to read and interpret commercial loan documents
Excellent verbal and written communication skills, including the ability to effectively manage customer phone/email inquiries, including compose professional correspondence
Possess good judgment, professional image, and the ability to accept responsibility and handle confidential information
Demonstrate strong attention to detail and high degree of accuracy
Demonstrate ability to work cooperatively with multiple team members and variable project deadlines
Preferred
Bachelors Degree with an emphasis on risk management, commercial insurance underwriting or account management
Prior experience with networked loan servicing platforms, Precision LM, FIS, or Backshop®
Prior commercial insurance underwriting experience
Prior experience with developing procedures and conducting training
Prior experience with audits for insurance compliance
Advanced Microsoft Excel experience
Prior experience with electronic document imaging platforms
Benefits
Medical, prescription, dental, and vision coverage for employees and their eligible family members
Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
Health Savings Account with employer contribution
Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
401(k) and Roth 401(k) with company contribution
529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
Supplemental Health plans, Voluntary Legal and Identity Theft Services
11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)
Company
Mechanics Bank
Mechanics Bank is a full service community bank that offers a wide range of financial services.
Founded in 1905Richmond, California, USA
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2022-09-01Acquired
2003-01-10IPO
Leadership Team
E
Edward Downer
Chairman Emeritus
Recent News
2025-10-17
Business Wire
2025-10-17
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