Arbor, a real estate investment trust that invests in a diversified portfolio of multifamily and commercial real estate-related loans and other real estate-related assets has a career opportunity within our Depew, NY office for an Insurance Specialist. The Insurance Specialist is responsible for ensuring requisite insurance coverage(s) is in an amount and form necessary to comply with loan investor requirements as they are updated and amended.
The Insurance Specialist will have the following duties and responsibilities, including but not limited to:
Second level of contact on insurance questions, coverage requirements and investor guidelines.
Review Investor insurance guidelines and loan documents to establish baseline requirements
Review Loan Documents, Appraisals, Engineering, Seismic, and Environmental Reports to determine loan-specific insurance requirements
Preform annual review of insurance certificates, policies, statement of values and invoices to determine compliance with Investor guidelines
Process Insurance waivers/Exceptions with supporting documentation for non-compliant insurance issues
Responsible for maintaining insurance data in the Enterprise servicing system as applicable
Satisfy insurance related reporting to investors
Understand the insurance casualty provision and claim process for Borrower advisement purposes
Maintain integrity of system data as it pertains to insurance updates
Maintain a record and history of updates and amendments for compliance and data integrity purposes
Ensure follow up for exception items within constrained time frames
Review, route, and process all items received
Work with and assist the Servicing Insurance Front-End division as needed
Identify and communicate insurance related issues and trends
Experience: Minimum of three to five years of experience in Commercial Lines Insurance.
Intermediate Microsoft Office skills
Ability to work as a part of a team, while providing a strong individual contribution
Excellent attention to detail, judgment, flexibility, accountability and dependability
Clear knowledge of Commercial Insurance Coverage Property, (including Flood, Wind, Earthquake and Terrorism), General Liability (including Workers Comp), Professional Liability and Umbrella/Excess Liability Insurance
Requires excellent communication skills, written and oral, through all levels of the organization
Strong time management and organizational skills
Arbor Realty Trust