Insurance Administrator Senior Commercial Real Estate

Insurance Administrator Senior Commercial Real Estate page is loaded## Insurance Administrator Senior Commercial Real Estate locations:
Walnut Creek HQtime type:
Full time posted on:
Posted Yesterday job requisition :
R5641
** Mechanics Bank
** is currently searching for a
** Insurance Administrator Senior Commercial Real Estate
** to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person.

Role is responsible to administer CRE’s Insurance Policy and Procedures related to the servicing of Mechanics Bank $3.6B portfolio of 900+/- Commercial Real Estate loans. Loan portfolio includes direct and brokerage originated loans, loans held for sale, loans serviced for Mechanics Bank balance sheet and loans serviced for third party investors, including Fannie Mae Multifamily. Position directly and frequently interacts with a wide range of parties, including income property borrowers, insurance and title companies, investors, auditors, other lenders and multiple vendors.

Position supports CRE Origination and Asset Management areas, including providing training in insurance industry related topics.
*
* What you will do:

*** Periodically review and revise CRE Insurance Requirements for all CRE offered loan programs.
* Monitor and remain current on regulatory and investor insurance requirements, including but not limited to Fannie Mae Multifamily insurance guidelines, Special Flood Hazard Area designations, National Flood Insurance Programs, and lender forced placed insurance (FPI) programs.
* Develop and implement training program for CRE Loan Servicers, Asset Managers, Underwriters and Closers regarding insurance related materials.
* Oversee third party consultants engaged to review insurance policies at loan origination for compliance at closing, policy change and renewal, including reporting, quality controls, vendor compliance and periodic audit in accordance with HSB vendor management protocols.
* Manage HSB contracts with flood zone certification vendors, including period review, quality controls and audit as needed.
* Directly manage loan specific insurance related issues, including coverage exceptions, waivers, flood zone discrepancies, and FPI coverage matters.
* Develop and maintain written procedures for the effective tracking of insurance related data, including policy coverages, exceptions, renewals and expiration dates.
* Develop and maintain written procedures regarding the insurance escrow analysis process, including establishing periodic changes to annual insurance premium escalation amounts as appropriate.
* Work closely with CRE Loan Servicers, Closers and Underwriters to ensure Insurance standards are maintained, including periodic audit of files.
* Assist Asset Managers in insurance claim related activities as needed.
* Perform other related duties as assigned or requested.
** Who you are:
*** High school diploma
* Bachelors Degree with an emphasis on risk management, commercial insurance underwriting or account management preferred
* Minimum of 10 years' experience in commercial real estate lending/servicing and/or commercial Property and casualty insurance.
* Prior experience with networked loan servicing platforms, Precision LM, FIS, or Backshop preferred.
* Prior commercial insurance underwriting experience.
* Prior experience with developing procedures and conducting training.
* Prior experience with audits for insurance compliance.
* Advanced Microsoft Excel experience.
* Prior experience with electronic document imaging platforms.
* Strong understanding of lender insurance requirements for all commercial property types.
* Ability to read and interpret commercial loan documents.
* Excellent verbal and written communication skills, including the ability to effectively manage customer phone/email inquiries, including compose professional correspondence.
* Possess good judgment, professional image, and the ability to accept responsibility and handle confidential information.
* Demonstrate strong attention to detail and high degree of accuracy.
• Demonstrate ability to work cooperatively with multiple team members and variable project deadlines.
*…