Insurance Analyst

Job Type
Full-time
Description
An Insurance Analyst is responsible for the pre-closing compliance reviews of our loan portfolio. This position requires a detail-oriented, deadline-driven individual who can work individually, with members of other teams and with his/her own team to manage multiple tasks and projects simultaneously. This position will have extensive internal and external customer interaction.
Requirements

• Work with Merchant Capital's production team, underwriting team, closing team and Insurance Consultants during the prefunding insurance review process.
• Manage vendor relationships, including but not limited to; engage consultants to begin the insurance review process, participate in weekly progress calls, manage timelines/deadlines of your portfolio.
• Point of contact on insurance questions, coverage requirements and investor guidelines for both internal and external stakeholders.
• Review Loan Documents, Appraisals, Engineering, Seismic, Zoning and Phase I Environmental Reports to determine loan-specific insurance requirements.
• Identify potential risk for the company and the investor and promptly notify the appropriate parties following identification of any coverage issue or deficiencies.
• Assist with processing Insurance waivers/exceptions with supporting documentation for non-compliant insurance issues.
• Prepare closing folder for loan boarding and loan administration.
• Onboard new loans in the servicing system and prepare the documents for hand-off to the insurance renewal team.
• Compile data samples for department and/or lender audits, as requested by manager.

Expected Experience, Skills and Education:

• Bachelor's degree, preferably in the business or finance areas; or insurance related industry designations or equivalent experience.
• Minimum of 1-2 years of insurance experience, preferably with a Healthcare focus.
• Some knowledge of Commercial Insurance Coverage - Property, (including Flood, Wind, Earthquake and Terrorism), General Liability (including Workers Comp and Auto), Professional Liability and Umbrella/Excess Liability Insurance.
• Familiarity with Agency and Lenders (Fannie Mae, and Freddie Mac) programs a plus.
• Requires problem solving skills as well as the initiative to troubleshoot and find resolutions.
• Requires excellent communication skills, written and oral, through all levels of the organization.
• Must demonstrate the ability to identify, interpret and apply applicable guidelines in managing assigned processes.
• Must possess strong organization and communication skills with a focus on accuracy and attention to detail.
• Must demonstrate the ability to successfully schedule own workload to meet multiple deadlines most efficiently. Ability to prioritize workload according to risk and urgency.
• Ability to work well as part of a team while also capable of self-motivation and strong individual performance.
• Provide premier customer service to investors, borrowers, agents and co-workers.
• Ability to maintain a positive attitude in all situations.
• Requires high level of computer proficiency in Microsoft Office, specifically regarding Outlook, Word and Excel.

ABOUT MERCHANTS CAPITAL
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank's balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender , Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit .