Insurance Analyst analyzing commercial loan coverage according to investor guidelines and assisting borrowers. Maintaining insurance data and reviewing documentation for compliance with investor requirements.
Responsibilities
Analyze insurance coverage for commercial loans in accordance with Investor guidelines
Assist borrowers in acquiring appropriate coverage
Inform, and educate borrowers about coverage, exclusion, and exposure
Provide technical support to Production/Underwriting/Closing staff
Main point of contact on insurance questions, coverage requirements and investor guidelines
Review Investor insurance guidelines and loan documents to establish baseline requirements
Review Loan Documents, Appraisals, Engineering, Seismic, and Phase I Environmental Reports
Perform annual review of insurance certificates, policies, statement of values and invoices
Process Insurance waivers/Exceptions with supporting documentation
Responsible for maintaining insurance data in the Enterprise servicing system and Salesforce
Requirements
Bachelor’s degree or equivalent experience
Minimum of 1 year of insurance experience
Professional designations such as CIC, CPCU, ARM, AU, AINS or equivalent is preferred
Excellent attention to detail, judgment, flexibility, accountability, and dependability
Strong time management and organizational skills
Clear knowledge of Commercial Insurance Coverage –Property, General Liability, Professional Liability and Umbrella/Excess Liability Insurance
Benefits
Up to 83% subsidized medical payroll deductions
Competitive dental and vision benefits
401(k) + match
Pre-tax transit and commuting benefits
A robust health and wellness program – earn cash rewards and gain access to resources that promote health, engagement, and balance
Paid maternity and parental leave, as well as other family paid leave programs
Company-paid life, short and long-term disability insurance
Health Savings Account and Healthcare and Dependent Care Flexible Spending
Career development opportunities
Empowerment and encouragement to give back – volunteer hours and donation matching
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