Commercial Insurance Analyst I

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.