Commercial Insurance Risk Analyst

3 weeks ago


Minneapolis, Minnesota, United States NorthMarq Full time
Commercial Insurance Analyst II Job Description

At Northmarq, we are seeking a highly skilled Commercial Insurance Analyst II to join our Servicing department in the Minneapolis headquarters office. This role requires a deadline-driven, organized, and detail-minded individual who can ensure minimized risk to all investor portfolios.

Key Responsibilities:
  • Plan and schedule own workload to meet benchmarks, prioritizing according to risk and urgency with minimal supervision.
  • Provide premier customer service to investors, borrowers, agents, and other Northmarq staff, understanding complex needs and effectively communicating with all parties.
  • Conduct due diligence of loan documents and lender requirements to ensure proper loan setup and servicing.
  • Monitor and collect Evidence of Insurance, upon expiration.
  • Audit insurance certificates and policies to ensure conformity with investor and company regulations at renewal.
  • Maintain and update commercial mortgage insurance files and servicing system files.
  • Identify potential risks for the company and the investor, promptly notifying the appropriate parties.
  • Maintain a high level of commercial insurance expertise, quality, and understanding of risk.
  • Analyze insurance deficiencies, corresponding risks, and possible impacts on property financial performance.
  • Prepare comprehensive written analyses 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.
  • Review borrower requests/loan events following notification, ensuring continued insurance compliance.
  • Serve on procedure committees, annually updating company guidelines for Insurance job responsibilities.
Requirements:
  • Bachelor's degree, preferably in business or finance areas; or insurance-related industry designations with direct experience.
  • 2 to 4 years of office experience; Insurance or Mortgage Loan experience preferred.
  • Knowledge of Insurance and commercial mortgage terminology.
  • Strong skills in Microsoft Outlook, Excel, and Word.
  • Customer service-oriented, with a focus on adding value beyond customers' immediate requests.
  • Strong organizational skills, with the ability to complete own workload and set priorities to meet deadlines.
  • Excellent oral and written communication skills.
  • Ability to identify and analyze risk, applying guidelines and procedures that leave room for interpretation.
  • Problem-solving skills, with the ability to recognize the need for a modified approach to information gathering/analysis.
  • Ability to work both independently and within a team, with minimal supervision.
  • 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.

Northmarq offers a highly competitive benefits package, including medical, dental, vision, paid time off, 401K match, and an annual discretionary contribution based on business performance.



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