Insurance Associate responsible for maintaining insurance obligations for loan portfolios at ORIX USA. Analyzing policies and collaborating with borrowers and agents for compliance.
Responsibilities
Responsible for a portfolio of loans to ensure the insurance obligations are maintained by analyzing property, liability, and regional perils
Review insurance policy renewal information from borrowers and/or agents prior to the due date to ensure policy compliance with loan documents/investor and lender requirements
Remediate non-compliant insurance issues through timely requests for additional information and corrective measures through correspondence with the Agent/Broker and/or Borrower
Respond timely to inquiries from internal and external customers, ensuring proper notification, escalation, communication, and coordination occurs with management
Monitor reports and deadlines to ensure work is completed in advance of set timelines, proactively communicating portfolio status with manager or team lead
Utilize the Servicing System and other software applications to facilitate insurance reviews
Stay abreast of regulatory requirements relative to the various product types and ensure team members are aware of any internal or external policy or regulatory changes
Requirements
At least 1-3 years of experience in commercial real estate mortgage industry of insurance compliance processing and/or experience in Commercial Insurance selling, underwriting or claims
Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; sense of urgency and attention to detail.
Ability to manage multiple assignments and transactions simultaneously.
Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities.
Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team.
Flexibility and ability to work under pressure with tight deadlines and constant interruptions; Ability to adjust priorities in a changing environment.
Proficiency in Microsoft Office
Benefits
Competitive benefits package
Quality healthcare and financial protection
Competitive vacation policy
Floating personal holidays
Extensive leave options
Generous parental leave benefits
Fully paid maternity coverage
Adoption support
Child and elder care programs
Flexible work arrangements with a 3 day in-office minimum requirement
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