AVP Insurance Compliance

Job Description:

Newmark Group, Inc. is a world leader in commercial real estate. Our comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies.

We are seeking an AVP Insurance Compliance to facilitate borrower compliance with lender/investor insurance requirements on all loans assigned.

• Facilitate borrower compliance with lender/investor insurance requirements on all loans assigned.
• Work with insurance agents, brokers, borrowers, lenders, as well as internal deal team to gather required insurance documents necessary for full compliance review on assigned portfolio.
• Routinely Interpret various 3rd party reports relating to the property condition, property characteristics, property exposures such as Appraisals, Zoning reports, Seismic Studies, Phase I/II, Physical Needs Assessments, Flood determinations, Catastrophic Event Modeling, insurance certificates and full insurance policies.
• Prepare thorough and accurate insurance compliance assessments, documenting and uploading complete review in accordance with investor/lender requirements.
• Create and present detailed written analysis to management when compliance is not able to be met, this also includes blanket exposure concentration analysis.
• Assists with the development and updates of department Policy and Procedures.
• Maintains data integrity by managing servicing system information timely and accurately.
• Deliver high level of personal attention to each transaction, responding timely to internal and external customer communications.
• Meet annual training obligations to remain educated on insurance provisions, industry, regulations, and pertinent legislation.
• Initiates and participates in system enhancement design and testing, as well as providing feedback on policy and procedure updates.
• Assist with special projects and additional duties as assigned by management.

Core Competencies:

• High school diploma or GED certificate required, postsecondary degree in related field, preferred.
• 5-7 years of Commercial Property and Casualty Insurance required; State issued, valid insurance license, preferred.
• 3-5 years of Commercial Mortgage Servicing experience, desired.
• Clear and demonstrated knowledge of Commercial Insurance Coverage including, but not limited to Property-including all perils, General Liability, Professional Liability, Excess/Umbrella Liability, Auto, Fidelity/Crime.
• Must have exceptional research and analytical skills, attention to detail, judgement, and ability to resolve and negotiate complex issues.
• Ability to thoroughly review and interpret legal contracts such as loan documents and insurance policies.
• Ability to work independently and self-prioritize workflow in a high volume/deadline driven environment.
• Ability to effectively train and oversee new team members.
• Must have excellent written and verbal communication skills and effectively be able to navigate communications via virtual settings, phone calls, and emails.
• Advanced computer skills, including MS Excel, Word, Adobe, Outlook, and Teams.

Salary : $90,000 - $121,500