Bell Bank · 14 hours ago
Commercial Real Estate Administration Risk & Insurance Manager
Fargo, ND
Full-time
Onsite
Senior Level
5+ years expBell Bank is the largest family-and employee-owned bank in the upper Midwest, headquartered in Fargo, North Dakota. They are seeking a Commercial Real Estate Administration Risk & Insurance Manager to oversee a team of specialists, manage workflows, and ensure compliance with service level agreements and insurance requirements.
BankingFinanceFinancial Services
Responsibilities
Act as subject matter expert as it relates to commercial title insurance and state related requirements
Educate staff and lenders on title insurance requirements including any applicable regulatory or state related changes
Review title insurance policies to ensure the policy includes the Bank's applicable standard endorsements and ensure that the Bank's lien position is properly secured / perfected
Consult with title insurance company, borrower, and Banker to resolve any issues related to the title of the property
Review ALTA Surveys for the existence of any encroachments, location of easements or other restrictions, and the physical size and boundaries of the properties and determine issues that may adversely affect the Bank's collateral
Consult with the title insurance company on survey requirements as well as on any issues that may affect the Bank's collateral
Maintain the Bank's list of preferred title insurance companies and land surveyors
Provide secondary review of reviews completed by staff members as needed
Act as subject matter expert as it relates to environmental real estate report related requirements
Review environmental reports to evaluate properties securing bank collateral for things like the presence of hazardous materials or petroleum contamination and contaminants in groundwater or soil of the property
Liaise with credit and lending teams, as appropriate in order to determine appropriate next steps in cases where risk may be present
Obtain and review flood determination reports, when deemed necessary per regulatory requirements
Review flood determination reports; if in a flood zone, ensure adequate flood insurance is in place prior to loan closing
Monitor ongoing flood insurance policies and ensure appropriate coverage is maintained
Ensure the bank is listed as Mortgagee/Lender Loss Payable or Additional Insured
Force place insurance when necessary to comply with the regulatory requirement
Review commercial insurance policies and/or insurance certificates to ensure the appropriate level of insurance is maintained and that the bank is listed as Mortgagee/Lender Loss Payable or Additional Insured as appropriate based on collateral type
Consult with Bankers and insurance companies as needed to ensure proof of insurance is obtained
Monitor ongoing flood insurance policies and ensure appropriate coverage is maintained
Force place insurance when necessary to comply with Bank policy
Maintain and manage pipeline and ensure adherence to established service level agreements
Assist Commercial Real Estate Administration Manager on process efficiency projects as assigned
In collaboration with the Commercial Real Estate Administration Manager, create and/or update department procedures and training materials
Provide training to staff on an ongoing basis and coordinate all on-boarding of new hires
Provide mentorship and guidance to staff and act as liaison with lenders and other 3rd parties on review related discrepancies
Know by name and face as many customers and employees as possible, calling them by name as often as possible
Know, understand, and live the company values and bottom line
Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable State and Federal laws and regulations
All employees are responsible for information security including compliance with policies and standards which protect sensitive information
Prompt and reliable attendance
Perform other duties as assigned
Qualification
Required
B.A. in Business Administration, or equivalent combination of education and experience, that gives an understanding of work procedures, job standards, and the job knowledge that may be required
Five or more years banking experience; preferably in commercial real estate administration
Ability to multitask and perform a variety of tasks, including speaking to title companies or loan officers and managing any deficiencies
Ability to work well in a collaborative, cohesive, and cooperative team environment and thrive in a fast paced, ever-changing environment
Ability to provide professional support and present a positive image within the department, between the lending divisions, and throughout the bank
Superior written and verbal communication skills
Proficiency with computer technology
Effective time management and organizational skills
Preferred
Prior commercial title insurance experience preferred
Prior environmental due diligence experience preferred
Prior leadership experience or demonstrates the ability to lead and mentor others
Benefits
Healthcare, (medical, dental, vision)
Employee stock ownership program
401(k) contribution and profit-sharing plan
Company
Bell Bank
People matter at Bell Bank – and it shows in how our team members treat each other, our customers and those around us.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Brooke Borrell
SVP/Marketing, Communications & Partnerships
Zac Wanzek, CFA, CPA
SVP | Deputy Chief Investment Officer
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