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Insurance Risk Manager
2 months ago
JLL is seeking a highly skilled Insurance Analyst to join its Escrow Operations team. As an Insurance Analyst, you will play a critical role in ensuring that all loans are compliant with applicable lender insurance requirements.
Key Responsibilities:- Review new loan and insurance documents to ensure proper setup in the servicing system and complete a thorough insurance review.
- Obtain insurance renewal information, invoices, and/or paid receipts and policies from agents, borrowers, and management companies within specified timeframes.
- Ensure insurance coverage is in place for all assigned loans per Lender guidelines.
- Process insurance premium invoices in the loan servicing system and contact borrowers to collect shortages, as needed.
- Analyze insurance renewal information to ensure compliance with investor insurance requirements, including complete policy review.
- Prepare insurance waivers for non-compliant insurance issues and submit for management and/or Lender approval.
- Monitor insurance compliance for the life of the loan, including insurance reviews for properties with mid-term policy changes or changes resulting from an ownership or management transfer.
- Monitor and update various reports and certifications utilized by lenders and leadership to analyze portfolio risk.
- Communicate escrow issues and coordinate resolution with servicing staff.
- Strong knowledge of Microsoft Office (Word, Excel, Outlook, SharePoint, OneNote).
- Strong time management skills and ability to operate under demanding deadlines.
- Excellent interpersonal, communication, problem-solving, and organization skills.
- Ability to multitask and work on several transactions simultaneously.
- Ability to recognize and analyze risk.
- Willingness and ability to learn new technology.
- Excellent attention to detail.
- Ability to audit own work.
- Ability to work independently, unsupervised, and as a team player.
- Ability to travel as needed.
- Undergraduate degree in Real Estate, Finance, Accounting, or Business.
- Equivalent work experience in Insurance, Commercial Mortgage Banking, or Loan Servicing (minimum 2 years).
- Experience with PrecisionLM loan servicing software is a plus.