Commercial Real Estate Insurance Analyst I Minneapolis
Commercial Real Estate Insurance Analyst I Minneapolis
Posted on :
29-04-2025
Employer Active
1 Vacancy
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Yearly Salary
$ 60000 - 75000
Vacancy
1 Vacancy
Posted on :
29-04-2025
Job Description
CommercialInsurance 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 toexperts in debt equity investment sales loan servicing and fund management. We offer you a career path withbestinclass 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 youre just getting 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 aCommercial Insurance Analyst Ito join itsInsurancedepartment in theMinneapolis (Bloomington MN)headquarters office. This position requires a deadlinedriven organized and detailminded 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 highlevel 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 offers a flexible work environment and is available for an immediate start.
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 noncompliance.
- 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 noncompliance 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.
What Were Looking For:
- Bachelors degree preferably in the business or finance areas; or insurancerelated 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
- Problemsolving 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
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 paid parental leave and adoption assistance education assistance volunteer paid time off charitable contribution match and so much more!
Minnesota Residents: Northmarq carefully considers multiple factors to determine compensation including a candidates education training and experience. The salary range for the Commercial Insurance Analyst I position is $60000.00 to $75000.00 annually. This range is a good faith estimate and the actual compensation that is offered to a successful candidate will depend on the candidates skills qualifications and experience.
Required Experience:
IC
Employment Type
Full-Time
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