Multifamily Insurance Compliance Manager
Multifamily Insurance Compliance Manager
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Job Description
At Freddie Mac our mission of Making Home Possible is what motivates us and its at the core of everything we do. Since our charter in 1970 we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
Do you have experience dealing with property and casualty insurance Do you thrive in a dynamic work environment that requires an analytical consultative approach in support of a very diverse community of internal and external clients If you have proven experience with commercial insurance risk management and the ability to work with diverse teams as well as independently then Freddie Macs Multifamily Insurance Team could be a great fit for your next job opportunity. Apply now to join our team! We seek to meet the challenges of an ever-changing commercial insurance market and to set the best standards with our customers in mind. Apply now and learn why theres #MoreAtFreddieMac!
Our Impact:
Our team sets nationally-recognized insurance standards for our Multifamily Borrowers and Lending Partners and implements those standards across various loan products and complex securitization deals
We keep abreast of insurance market trends and how those impact the Multifamily Mortgage Industry through both technical research and industry collaboration work with our division partners on knowledge transfer and support new initiatives and updates to Credit Policy
We support tracking of catastrophic events and implementing rapid data collection on impacts to loan portfolios and insurance coverage plus reporting results to Division leadership Lender partners and investors
We work closely with Lender representatives and internal Division partners on complex insurance challenges and arriving at the best solutions for our customers
Your Impact:
Manage special projects and initiatives relevant to team core responsibilities including routine processes in place and new initiatives that arise
Works on issues of diverse scope where analysis and critical thinking is required to arrive at acceptable conclusions and recommendations to enhance core business needs
Acts as an advisor to subordinates and other team members related to insurance nuances/requirements project scopes and/or resolve technical problems
Develops and administers schedules performance requirements; may have budget responsibilities
Promote improvement ideas and coordinate across functional teams to evaluate viability and implementation
Maintain collaborative relationships with internal and external stakeholders and promote ideas for learning and process improvements
Review borrower insurance coverage against commercial property and liability standards during loan origination and servicing; make recommendations related to acceptable exceptions
Coordinate with multiple capital markets securitization teams in evaluating compliance with underwriting standards and preparation of disclosures of exceptions to deal representations and warranties
Maintain professional relationships with internal and external colleagues while implementing day-to-day responsibilities as well as resolving challenging situations that frequently require coordination across organizational lines all while striving to continuously improve processes and user technology
Lead and support new initiatives and process improvements that require critical thinking and development of sound recommendations
Support updates to Division Credit Policy as well as enhancements to user technology related to insurance data and policy changes
Assist internal and external customers with ad-hoc queries and advise on insurance issues and user technologies
Complete research and data collection in support of analyzing factors that impact the overall Commercial Insurance Market and Company mission
Qualifications:
College degree or equivalent experience related to insurance risk management business or other relevant field
8 to 10 years relevant experience and 2 years management experience preferably related to insurance risk management and the commercial/Multifamily mortgage industry
Proficient subject matter expert in knowledge of commercial property and liability insurance requirements and coverage details
Proven project and staff management and organization skills
Excellent oral and written communication skills
Insurance industry professional designations are a plus but not required
Proficiency with Microsoft Office suite applications as well as general web-based technologies
Keys to Success in this Role:
Strong consultative skills and ability to communicate with representatives from different technical backgrounds
Ability to collaborate effectively across multiple diverse teams as well as work independently
Ability to thrive in a fast-paced work environment while maintaining a positive professional outlook
Knowledge of Mortgage industry business and servicing
Ability to find humor in most situations
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender race color religion national origin age marital status veteran status sexual orientation gender identity/expression physical and mental disability pregnancy ethnicity genetic information or any other protected categories under applicable federal state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Macs business. This includes employee commitment to our acceptable use policy applying a vigilance-first approach to work supporting regulatory mandates and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more please visit and register with our referral code: MAC.
Time-type:Full timeFLSA Status:ExemptFreddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $150000 - $224000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position experience skill set internal pay equity and other relevant qualifications of the applicant.Required Experience:
Manager
Employment Type
Full-Time
