Commercial Insurance Analyst I - Commercial Real Estate Finance (Minneapolis)
Full Job Description
Commercial Insurance Analyst I - Commercial Real Estate Finance
Northmarq - Minneapolis, MN (Bloomington, MN)
At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you’re just getting started. Your new career is waiting. Start something special today. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate!
Northmarq is looking for a Commercial Insurance Analyst I to join its Insurance department in the Minneapolis (Bloomington, MN) headquarters office. This position requires a deadline-driven, organized, and detail-minded individual who would be responsible for commercial insurance compliance, ensuring minimized risk to all investor portfolios. They will interact daily with internal and external customers, working to achieve customer satisfaction while communicating the potential insurance risk and/or investor requirements. The focus will be on developing a high-level understanding of commercial insurance terminology, independent management of an assigned portfolio, and consistent attention to detail and accuracy in all job responsibilities. Additional responsibilities may be added to adapt to company growth.
*This position is an in-office position, with an immediate start date.
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.
- Bachelor’s degree, preferably in the business or finance areas; or insurance-related industry designations with direct experience and demonstrated ability to perform the required tasks.
- 1 to 3 years of office experience; Insurance or Mortgage Loan experience preferred.
- Familiar with insurance and commercial mortgage terminology
- Strong skills in Microsoft Outlook, Excel, and Word
- Customer service oriented; looks for ways to add value beyond customers’ immediate requests and enhance customer service
- Strong organizational skills with the ability to handle multiple tasks, and assignments and prioritize to meet deadlines
- Excellent oral and written communication skills
- Ability to work both independently and within a team, with minimal supervision
- Ability to identify and analyze risk, continually applying knowledge gained to improve job performance
- Problem-solving skills to reflect the level of responsibilities
- Attention to detail and accuracy required
- Ability to maintain a positive attitude in all situations
- Demonstrated work ethic and willingness to work extended hours when necessary
Job Information
Job Category:
Accounting
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