Insurance Analyst
Position
Summary:
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 specifically in analyzing borrower needs against investor guidelines and risk to the company.
Primary
Responsibilities:
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 to determine loan-specific insurance requirements.
Preform annual review of insurance certificates, policies, statement of values and invoices to determine compliance with Investor guidelines.
Process Insurance waivers/Exceptions with supporting documentation for non-compliant insurance issues.
Responsible for maintaining insurance data in the Enterprise servicing system and SalesForce as applicable.
Prepare and submit Lender reports as required from time to time.
Work with and assist the Servicing Insurance Front-End division as needed.
Perform general insurance tasks as necessary which include processing invoices and reimbursements to borrowers.
Job Requirements:
Education and
Experience:
.
Bachelor's degree or equivalent experience.
.
Professional designations such as CIC, CPCU, ARM, AU, ANIS or equivalent is preferred.
Knowledge, Skills and Abilities:
.
Ability to work as a part of a team, while providing a strong individual contribution.
.
Excellent attention to detail, judgment, flexibility, accountability and dependability.
Requires excellent communication skills, written and oral, through all levels of the organization.
Strong time management and organizational skills.
.
Clear 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.
Estimated Salary: $20 to $28 per hour based on qualifications.
Summary:
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 specifically in analyzing borrower needs against investor guidelines and risk to the company.
Primary
Responsibilities:
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 to determine loan-specific insurance requirements.
Preform annual review of insurance certificates, policies, statement of values and invoices to determine compliance with Investor guidelines.
Process Insurance waivers/Exceptions with supporting documentation for non-compliant insurance issues.
Responsible for maintaining insurance data in the Enterprise servicing system and SalesForce as applicable.
Prepare and submit Lender reports as required from time to time.
Work with and assist the Servicing Insurance Front-End division as needed.
Perform general insurance tasks as necessary which include processing invoices and reimbursements to borrowers.
Job Requirements:
Education and
Experience:
.
Bachelor's degree or equivalent experience.
.
Professional designations such as CIC, CPCU, ARM, AU, ANIS or equivalent is preferred.
Knowledge, Skills and Abilities:
.
Ability to work as a part of a team, while providing a strong individual contribution.
.
Excellent attention to detail, judgment, flexibility, accountability and dependability.
Requires excellent communication skills, written and oral, through all levels of the organization.
Strong time management and organizational skills.
.
Clear 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.
Estimated Salary: $20 to $28 per hour based on qualifications.
|
|
 | |
