Merchants Capital · 1 day ago
Insurance Analyst
Bloomington, MN
Full-time
Onsite
Entry Level
$71K/yr - $83K/yr
1+ years expMerchants Capital is a proven leader in financing for multifamily housing nationwide. The Insurance Analyst is responsible for pre-closing compliance reviews of the loan portfolio, managing vendor relationships, and addressing insurance-related inquiries from internal and external stakeholders.
Customer ServiceFinanceFinancial Services
Responsibilities
Work with Merchant Capital’s production team, underwriting team, closing team and Insurance Consultants during the prefunding insurance review process
Manage vendor relationships, including but not limited to; engage consultants to begin the insurance review process, participate in weekly progress calls, manage timelines/deadlines of your portfolio
Point of contact on insurance questions, coverage requirements and investor guidelines for both internal and external stakeholders
Review Loan Documents, Appraisals, Engineering, Seismic, Zoning and Phase I Environmental Reports to determine loan-specific insurance requirements
Identify potential risk for the company and the investor and promptly notify the appropriate parties following identification of any coverage issue or deficiencies
Assist with processing Insurance waivers/exceptions with supporting documentation for non-compliant insurance issues
Prepare closing folder for loan boarding and loan administration
Onboard new loans in the servicing system and prepare the documents for hand-off to the insurance renewal team
Compile data samples for department and/or lender audits, as requested by manager
Qualification
Required
Bachelor's degree, preferably in the business or finance areas; or insurance related industry designations or equivalent experience
Minimum of 1-2 years of insurance experience
Some knowledge of Commercial Insurance Coverage – Property, (including Flood, Wind, Earthquake and Terrorism), General Liability (including Workers Comp and Auto), Professional Liability and Umbrella/Excess Liability Insurance
Requires problem solving skills as well as the initiative to troubleshoot and find resolutions
Requires excellent communication skills, written and oral, through all levels of the organization
Must demonstrate the ability to identify, interpret and apply applicable guidelines in managing assigned processes
Must possess strong organization and communication skills with a focus on accuracy and attention to detail
Must demonstrate the ability to successfully schedule own workload to meet multiple deadlines most efficiently. Ability to prioritize workload according to risk and urgency
Ability to work well as part of a team while also capable of self-motivation and strong individual performance
Provide premier customer service to investors, borrowers, agents and co-workers
Ability to maintain a positive attitude in all situations
Requires high level of computer proficiency in Microsoft Office, specifically regarding Outlook, Word and Excel
Preferred
Familiarity with Agency and Lenders (Fannie Mae, and Freddie Mac) programs a plus
Benefits
401(k) employer contributions
Employee stock ownership plan (ESOP)
Medical, dental and vision insurance
Various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability
Health savings accounts (HSAs)
Flexible spending accounts (FSAs)
Dependent care and commuter reimbursement accounts
Employee and dependent life insurance and supplemental life and AD&D insurance
Telehealth
Optional ancillary insurance policies
Education assistance
Employee assistance program
Company
Merchants Capital
Merchants Capital is a financial services company.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$59MKey Investors
Merchants BankTWG DevelopmentFannie Mae,Merchants Bank
2025-09-04Undisclosed· $9.5M
2025-09-04Debt Financing· $8M
2019-11-05Debt Financing· $25.5M
Leadership Team
B
Brian J. Sullivan
EVP, Chief Operating Officer
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