What are the responsibilities and job description for the Commercial Insurance Analyst I (Minneapolis) - Commercial Real Estate Finance position at NorthMarq Capital?
Position Responsibilities
- Plan and schedule own workload to most efficiently meet benchmarks and manage assigned portfolio, prioritizing according to risk and urgency.
- Provide premier customer service to investors, borrowers, agents, and other Northmarq staff.
- Monitor and collect evidence of insurance, upon expiration.
- Conduct due diligence of loan documents to ensure proper loan setup and servicing of the loan.
- Audit insurance certificates and policies to ensure conformity with investor and company regulations at renewal to ensure proper policy performance and compliance, applying guidelines and procedures that may require some interpretation in dealing with exceptions.
- Maintain and update commercial mortgage insurance files and servicing system files.
- Identify potential risks for the company and the investor and promptly notify the appropriate parties following identification of any coverage issue, deficiency, or lapse in coverage.
- Achieve a high level of commercial insurance expertise, quality, understanding of risk, and possible outcomes due to coverage non-compliance.
- Achieve the ability to analyze insurance deficiencies, corresponding risks, and possible impacts on property financial performance, focusing on recommending the course of action based on the outcome of the applicable research.
- Demonstrate growth in risk and waiver analyses; utilize gained expertise to prepare comprehensive written analyses of complex issues for investor and / or management review. Reach prompt and satisfactory resolution of insurance non-compliance, or other issues.
- Monitor and update monthly loan reports utilized by investors and management to analyze potential risk.
- Demonstrate continued growth and development towards the Commercial Insurance Analyst II position.
- Perform other reasonable tasks / projects, as assigned.
What We're Looking For :
Northmarq offers a highly competitive benefits package including : medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more!
