NewPoint Real Estate Capital ยท 3 days ago
Senior Insurance Analyst
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ConsultingFinancial Services
Insider Connection @NewPoint Real Estate Capital
Responsibilities
For new loans, review the insurance section of the loan documents and lender/investor guidelines to determine the insurance requirements for the property/ies serving as collateral for the loans. Review the associated insurance documents to confirm that the documents provide adequate evidence that the insurance is in place and that the insurance coverage is compliant with the requirements
For existing loans, review the insurance documents as they are renewed each year to confirm that the documents provide adequate evidence that the insurance is in place and that the insurance coverage is compliant with the requirements
Maintains systems, files and information, following company and lender/investor guidelines
Work with borrowers and their brokers/agents to reconcile non-compliant coverage within the lenders/investors allotted time frame
Ensure that all training requirements are met in a timely manner
Maintain compliance with Key Performance Indicators
In coordination with the Director, Insurance Risk Management, monitor and understand both lending and insurance industry trends (e.g. outsourcing), legislation and availability
Assist servicing team in processing catastrophic insurance claims
Participate in servicing and other company projects, as requested
Qualification
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Required
BBA/BS in Insurance, Finance, Real Estate or Accounting preferred, MBA a plus
ARM, CPCU, CISR, CIC or related certification completed or in process a plus
5 - 7 years of P&C insurance experience, predominantly involving commercial real estate
Experience with Fannie Mae, Freddie Mac and/or FHA/Ginnie Mae
Knowledge and understanding of most aspects of commercial property and casualty insurance tracking and compliance associated with commercial mortgage servicing, including but not limited to
- Commercial mortgage loan documents
- P&C insurance documents, including ACORD certificates, binders, and policies
- Typical and specialty P&C insurance programs, coverages, etc.
- Flood and seismic zones
- Force-placed insurance
Working knowledge of commercial real estate finance including an understanding of all types of loans, property types and real estate lenders
Demonstrated ability to succeed in an environment of uneven/cyclical workloads and tight deadlines
Working knowledge of Enterprise! (or similar large scale servicing system)
Strong problem-solving abilities
Exceptional verbal and written communications skills
Accuracy oriented with a sense of urgency and strong focus on customer service
Strong interpersonal and organizational skills
Medium to advanced MS Office skills
Preferred
MBA CCMS Level I and/or II certification a plus
Company
NewPoint Real Estate Capital
NewPoint Real Estate Capital offers financing solutions to develop commercial properties.