Job Description
Job Description
We are currently seeking a knowledgeable and experienced insurance analyst to join our rapidly growing insurance team. In this role you will deliver exceptional quality work alongside a team of highly skilled commercial insurance professionals.
If you are well-versed in commercial property and casualty insurance, can work under minimal supervision, is dedicated, hardworking, with a passion for exceptional client service, we are looking for you to join our team.
Job Purpose
The Armada Insurance team understands the importance of comprehensive insurance reviews and 100% compliance with lender and investor requirements.
We provide the rapid turnaround required in today’s fast-paced real estate market. The Insurance Analyst I position is responsible for completing compliance insurance reviews for commercial real estate lenders.
The person in this position will manage a portfolio of loans to ensure the insurance policies comply with the insurance requirements of the commercial lenders and investors.
Duties and Responsibilities
- Accurately conduct annual review of ACORD insurance forms for acceptability of investor / lender insurance requirements and ongoing compliance monitoring.
- Contact insurance agents by phone and email to adjust coverage to acceptable levels and / or submit insurance waiver requests to commercial lenders and investors.
- Develop and write a thorough insurance review report for clients utilizing Armada’s report-development software.
- Manage and ensure the data contained in the system is updated to reflect the current status regarding insurance policy information and insurance requirements.
- Correspond, either verbally or in writing, as necessary with clients, borrowers, or insurance agents to resolve any issues or discrepancies related to insurance.
- Interact with internal departments as needed to resolve any issues or discrepancies related to insurance.
- The Analyst may also perform peer-to-peer quality reviews and assist with special projects as assigned.
Minimum Qualifications
- High-school diploma or GED equivalent.
- 1-3 years of property & casualty insurance experience
- Clear knowledge of Commercial Insurance Coverage to include but not limited to Property, (including Flood, Wind, Earthquake and Terrorism), General and Umbrella / Excess Liability Insurance
- Excellent attention to detail, judgment, flexibility, accountability, and dependability
- Legal document review and interpretation experience
- Willingness to learn and apply on-job education to work assignments
- Ability to work in high volume / deadline driven environment, with strong ability to prioritize workload
- Excellent written communication skills
- Be able to communicate clearly and effectively in e-mail, phone, and virtual settings.
- Proficient in Microsoft Excel, Word, Adobe, and Outlook.
- Strong problem solving and time management skills
Preferred Qualifications
- BA or BS in insurance, finance, or related field.
- Insurance related certification or designation
- Commercial loan servicing experience
- Commercial insurance agency or insurance carrier work experience.
- Be able to manage multiple assignments at any given time.
- Experience in SalesForce or other similar workflow management tools.
- Experience in commercial real estate insurance reviews for lenders.
Critical Competencies
- Excellent written and verbal communication skills.
- Passionate about culture; understands the significance of a company’s culture and its power to drive success.
- Proficient with Microsoft Office Suite or similar software.
- Strong attention to detail, organizational skills, and the ability to set and meet deadlines in a fast-paced environment.
- Proven ability to take initiative, think on your feet, and make thoughtful decisions.
- Highly effective time management skills.
Working conditions
This position can be an in-office or remote position.