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Join to apply for the Insurance Analyst role at Merchants Capital
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.
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 Capitals 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.
- Bachelors 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.
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 banks 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
Seniority level
Seniority level
Entry level
Employment type
Employment type
Full-time
Job function
Job function
Sales and Business Development
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