Barings
Real Estate Debt Insurance Risk Management, Director
Barings, Chicago, Illinois, United States, 60290
At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Position Title:
Real Estate Debt Insurance Risk Management, Director
Business Title:
Director
Department:
Real Estate Debt
Location:
Charlotte or Chicago
Typical Responsibilities The Director will report directly to the Managing Director- Head of US and European Real Estate Debt Asset Management. The Director will be responsible for managing all aspects of Debt Insurance Risk by handling the day-to-day responsibilities summarized but not limited to the below.
Manage the outsourced vendor relationships for debt underwriting insurance reviews as well as the flood servicing vendor
Manage and have oversite of the post-closing insurance servicer’s ensuring compliance with loan requirements
Manage approvals of reps and warranties for leveraging, and co‑investment of loans, including management of all leveraging requirements, and co‑investor requirements
Oversee the insurance process from origination through the loan life cycle where applicable
Provide risk assessment to the Debt Team for potential consideration of any waiver decisions, or insurance requirement changes
Provide insurance coverage expertise and information to Engineering, Legal, Regional Offices, and Senior Management, Portfolio Management and Co‑Investors when requested
Oversee insurance process during Debt foreclosure, and subsequent transition of insurance onto the Equity program upon taking possession of the property. In addition, managing the third‑party vendors used for Debt new loan insurance underwriting
Oversee insurance requirements for industry trends and applicable changes to contractual agreements
Knowledge Requirements
Bachelor’s degree in Risk Management, Business or Real Estate required
Minimum of 7-10 years of experience in commercial real estate insurance, risk management, construction risk, global insurance (is a plus), and commercial lending
Supervisory experience is preferred
Strong knowledge of real estate construction insurance
ARM, CRIS or CPCU designation preferred
Demonstrated knowledge of all commercial real estate insurance coverage required
Proficiency with Microsoft Word, Excel and Outlook
Competencies
Strong interpersonal skills; must be able to interface with all levels of internal personnel and with external clients and service providers
Supervisory experience is preferred
Excellent oral and written communication skills
Excellent analytical skills must be detail-oriented
Strong organizational skills and ability to prioritize and handle multiple tasks
Ability to work independently and as a team member
Superior customer service and responsive to the needs of the client and the company
Ability to work effectively under pressure
Excellent problem‑solving skills; must be proactive and think ahead to solve problems
Ability to prioritize and multi‑task
Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.
Barings offers a comprehensive benefits package including:
CORE BENEFITS & WELL-BEING
Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
Fitness Center Reimbursement Program (Including Online Memberships)
Employee Assistance Program (EAP)
Fertility Benefits
FINANCIAL WELL-BEING
Highly competitive 401(k) Plan with Company Match
Health Savings Account (HSA) with Company Contributions
Flexible Spending Accounts (FSA) - Health Care & Dependent Care
Retirement Health Reimbursement Account
LIFE INSURANCE
Basic and Supplemental Life Insurance
Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
Paid Vacation, Sick Days and Annual Holidays
Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
Short and Long Term Disability Plans
Paid Volunteer Time
OTHER BENEFITS
Education Assistance Program
Charitable Matching Gifts Program
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program
#J-18808-Ljbffr
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Position Title:
Real Estate Debt Insurance Risk Management, Director
Business Title:
Director
Department:
Real Estate Debt
Location:
Charlotte or Chicago
Typical Responsibilities The Director will report directly to the Managing Director- Head of US and European Real Estate Debt Asset Management. The Director will be responsible for managing all aspects of Debt Insurance Risk by handling the day-to-day responsibilities summarized but not limited to the below.
Manage the outsourced vendor relationships for debt underwriting insurance reviews as well as the flood servicing vendor
Manage and have oversite of the post-closing insurance servicer’s ensuring compliance with loan requirements
Manage approvals of reps and warranties for leveraging, and co‑investment of loans, including management of all leveraging requirements, and co‑investor requirements
Oversee the insurance process from origination through the loan life cycle where applicable
Provide risk assessment to the Debt Team for potential consideration of any waiver decisions, or insurance requirement changes
Provide insurance coverage expertise and information to Engineering, Legal, Regional Offices, and Senior Management, Portfolio Management and Co‑Investors when requested
Oversee insurance process during Debt foreclosure, and subsequent transition of insurance onto the Equity program upon taking possession of the property. In addition, managing the third‑party vendors used for Debt new loan insurance underwriting
Oversee insurance requirements for industry trends and applicable changes to contractual agreements
Knowledge Requirements
Bachelor’s degree in Risk Management, Business or Real Estate required
Minimum of 7-10 years of experience in commercial real estate insurance, risk management, construction risk, global insurance (is a plus), and commercial lending
Supervisory experience is preferred
Strong knowledge of real estate construction insurance
ARM, CRIS or CPCU designation preferred
Demonstrated knowledge of all commercial real estate insurance coverage required
Proficiency with Microsoft Word, Excel and Outlook
Competencies
Strong interpersonal skills; must be able to interface with all levels of internal personnel and with external clients and service providers
Supervisory experience is preferred
Excellent oral and written communication skills
Excellent analytical skills must be detail-oriented
Strong organizational skills and ability to prioritize and handle multiple tasks
Ability to work independently and as a team member
Superior customer service and responsive to the needs of the client and the company
Ability to work effectively under pressure
Excellent problem‑solving skills; must be proactive and think ahead to solve problems
Ability to prioritize and multi‑task
Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.
Barings offers a comprehensive benefits package including:
CORE BENEFITS & WELL-BEING
Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
Fitness Center Reimbursement Program (Including Online Memberships)
Employee Assistance Program (EAP)
Fertility Benefits
FINANCIAL WELL-BEING
Highly competitive 401(k) Plan with Company Match
Health Savings Account (HSA) with Company Contributions
Flexible Spending Accounts (FSA) - Health Care & Dependent Care
Retirement Health Reimbursement Account
LIFE INSURANCE
Basic and Supplemental Life Insurance
Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
Paid Vacation, Sick Days and Annual Holidays
Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
Short and Long Term Disability Plans
Paid Volunteer Time
OTHER BENEFITS
Education Assistance Program
Charitable Matching Gifts Program
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program
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