Assoc Insurance Compliance Escrow

Overview

Founded in 1988 and headquartered in Atlanta, Trimont (www.trimont.com) is a specialized global commercial real estate loan services provider and partner for lenders seeking the infrastructure and capabilities needed to make informed, effective decisions related to the deployment, management and administration of commercial real estate secured credit.

We do this with a team of 400 extraordinary Team Members who serve a global client base from offices in Atlanta, Dallas, Kansas City, London, New York and Sydney. We empower our skilled global teams by equipping them with the necessary knowledge and advanced technology, as well as fostering a culture driven by values. This approach helps our teams excel and build meaningful client relationships, while providing the highest quality service and feeling proud of the work they do.

Trimont is an innovative firm where visionary professionals come to learn, grow, and thrive with colleagues driven by curiosity and collaboration.

Learn: We believe ongoing learning is critical and are focused on providing a work environment where all team members can take ownership of their careers.

Grow: We work alongside the largest institutional lenders in the world, overseeing the most significant projects in the industry. This unique opportunity allows us to broaden our skillset and develop our abilities by tackling some of the industry's most challenging and exciting endeavors.

Thrive: Our firm is a place where ethics and excellence meet to create an experience that matches our capabilities. There are no limits to what we as team members as an organization, can achieve together.

Job Summary

The Associate, Insurance Compliance is responsible for verifying compliance and data within insurance and loan documentation. This position will work with clients to verify and generate data making recommendation in regard to insurance per insurance requirements and pay insurance premiums. This position will also verify escrow analysis calculation for payment of insurance premiums.

Responsibilities

• Acquire and verify insurance certificates/endorsements for new loans from agents, brokers, and/or borrowers as necessary.
• Secure flood certifications as and when required.
• Analyze loan documentation to ensure insurance requirements are met, evaluate existing coverage against these requirements, identify any risk exposures, and complete a compliance assessment.
• Collaborate with agents, brokers, and clients to procure adequate insurance coverage and adjust certificates to align with the stipulations of investment documents and established servicing protocols.
• Identify and communicate any discrepancies between actual coverage and the insurance stipulations outlined in loan documents.
• Successfully negotiate and document exceptions to insurance requirements as specified in investment documents.
• Input and maintain insurance information within the loan servicing database.
• Perform escrow analysis calculations to facilitate the timely payment of insurance premiums when necessary.
• Keep track of insurance expiration dates using reports from the loan servicing system and proactively request renewal certificates.
• Manage the payment of insurance premiums for escrowed loans, ensuring invoices are obtained and payments are initiated from the borrower’s escrow account or a specified client account before the deadline.
• Upload all pertinent final insurance documents to the document management system.
• Assist with the completion of property questionnaires for new assets being incorporated into Trimont-managed insurance programs.
• Take part in large-scale projects, maintaining progress in line with established timelines for project completion.
  
  

Required Qualifications

• A bachelor's degree is required, with a preference for specialization in Insurance & Risk Management, Finance, or Real Estate.
• 2 years of relevant experience in the insurance industry or commercial real estate sector.
• Proficient understanding of various insurance documents, including certificates of insurance.
• Adeptness at learning and adapting to departmental processes and proficiency in utilizing loan servicing software.
• Excellent interpersonal communication skills, with the ability to effectively engage and convey information to individuals at various organizational levels, coupled with an aptitude for active listening and understanding diverse perspectives.
• Strong capability in logical analysis, with a systematic approach to problem-solving that includes evaluating all potential solutions and identifying the most effective resolution.
• Exceptional time management skills, with a demonstrated ability to prioritize tasks effectively and adhere to deadlines in a dynamic work environment.
• Keen eye for detail, an analytical approach to tasks, and the capacity to operate autonomously within a collaborative team setting.
  
  

Trimont is an equal opportunity employer, and we’re proud to support and celebrate diversity in the workplace. If you have a disability and need an accommodation or assistance with the application process and/or using our website, please contact us. We are proud to maintain a drug-free policy, ensuring that our community is a secure and productive space for all our team members.