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Insurance Analyst - Berkeley Point

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Real Estate/Investment Banking/Capital Markets (broking, sales, trading)
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Real Estate
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18002993 Requisition #
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Newmark Knight Frank (NKF) is one of the world's leading commercial real estate advisory firms. We provide a fully integrated platform of services to prominent multinational corporations and institutional investors across the globe, as well as to occupiers, owners and developers of real estate on a local, regional and national level.

 

Together with London-based partner Knight Frank and independently-owned offices, NKF's 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.

 

Berkeley Point Capital is the preeminent source of capital solutions for multifamily owners and operators. With a nationwide presence and unparalleled expertise, Berkeley Point boasts a 30+ year history and a servicing portfolio of $58 billion representing in excess of 3,400 loans in 49 states. A top five Fannie Mae and Freddie Mac Lender in 2017, Berkeley Point offers a full complement of GSE, FHA, Life Company and Conduit products paired with extensive multifamily, affordable, student, seniors housing and healthcare expertise. This extensive and diverse national platform provides clients with superior execution in every market across the country. Berkeley Point is owned by Newmark Group, Inc., which is listed on the NASDAQ Global Select Market under the symbol "NMRK". Newmark Group, Inc. is a publicly traded subsidiary of BGC Partners, Inc. (BGC), a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol "BGCP".  http://berkpoint.com/

 
Job Description:


We are seeking a highly motivated individual who will perform tasks within the insurance team including the monitoring of the insurance on our portfolio of loans to assure compliance with loan document and/or lender requirements.  Additionally,  the ideal candidate will be involved in the other various functions within the insurance team including but not limited to claims, flood determinations, premium disbursements, and other duties as they arise.   The ideal candidate will be located in Blue Bell, PA.     

 
Essential Job Duties: 
  • Review insurance documentation on newly booked loans and resolve missing or inconsistent information with the production team.
  • Contact agents and borrowers as needed to obtain insurance renewal documents and invoices.
  • Review insurance requirements for the loan – loan document, closing and/or investor requirements.
  • Review insurance documentation received in comparison to insurance requirements to determine insurance compliance.
  • Determine adequacy of insurance coverage’s on an annual basis through a details compliance review.
  • Contact insurance agents, borrowers, production team members and investors regarding non-compliant insurance resolution.
  • Develop and maintain strong relationships with clients, insurance agents, borrowers, production team members.
  • Utilize and work with vendors as needed.
  • Review, draft and submit waivers to investors are required including documentation and submission to lender’s systems.
  • Manage outsourced vendor communications with regards to letters for annual insurance renewals.
  • Disburse insurance payments – invoices and reimbursements to insurance agents and borrowers.
  • Manage loss draft/claims process from beginning to completion – working with borrowers, adjusters, insurance agents, Master Servicers, Lenders/Investors and other interested parties.
  • Manage and force place insurance as required by the loan documents and/or investor to assure compliance and mitigation of risk.
  • Assist with special projects and additional duties as assigned by management.
  • Initiates and participates in projects, system enhancement design and testing; documents procedures
 
Skills, Education and Experience: 
  • B.S./B.A. degree in Accounting, Finance, Economics, Real Estate or other related fields preferred
  • 1-3 years related work experience, preferably in mortgage banking or a financial services environment
  • 1-3 years insurance experience and/or commercial loan servicing
  • Highly developed analytical, research and written/oral presentation skills
  • Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
  • Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule
  • Ability to work productively under minimal supervision
  • Proficiency in Microsoft Office, especially in EXCEL and Word
  • Strong work ethic
  • Strong team, leadership, negotiation and interpersonal skills
  • Proactive team player, able to work effectively under sometimes stressful conditions
  • Ability to travel a minimum of 10-20%
 

Working Conditions: Normal working conditions with the absence of disagreeable elements

 

Note: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

 

Newmark Knight Frank is an Equal Opportunity/Affirmative Action employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.


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