Insurance Analyst (Multifamily)
Saint Paul, MN Merchants Capital
Job Type
Full-time
Description

On a typical day, our Insurance Analyst is responsible for the compliance reviews of the HUD and Merchants Bank of Indiana (MBI) multifamily loan portfolio. In this role, you will work individually and across multiple teams and projects while having extensive daily internal and external customer interaction. You will be detail-oriented and deadline-driven while maintaining a positive attitude in all situations. Do you want to join a team where you can experience the creativity and flexibility of a small lender, with all the capabilities of a large institution? If yes, then apply TODAY!


In one year as an Insurance Analyst, you will know you were successful if you…

  • Produced efficient, high-functioning portfolios ensuring accuracy and compliance while providing excellent customer satisfaction to all stakeholders
  • Successfully reviewed loan documents, appraisals, engineering, seismic, and phase I environmental reports to determine loan-specific insurance requirements
  • Conducted due diligence of loan documents to ensure proper loan setup and servicing of the loan and identified potential risk for the company and the investor
  • Performed an annual review and audit of insurance certificates, statement of values, and invoices to determine compliance with Investor guidelines
  • Served as point of contact on insurance questions, coverage requirements, and investor guidelines while providing premier customer service
Requirements

What we are looking for…

  • Bachelor’s degree, preferably in the business or finance areas; or insurance-related industry designations with direct experience and demonstrated ability
  • One year of insurance experience in multifamily loan administration preferred with a clear knowledge of Commercial Insurance Coverage – Property, (including Flood, Wind, Earthquake, and Terrorism), General Liability (including Workers Comp and Auto), Professional Liability, and Umbrella/Excess Liability Insurance
  • Familiarity with HUD programs a plus
  • Strong problem-solving skills as well as the initiative to troubleshoot and find resolutions
  • Excellent communication skills, written and oral, through all levels of the organization

Merchants Capital was established in August of 1990 as a mortgage banking firm specializing in multifamily housing and healthcare facilities finance. With extensive experience in these types of finance, the company is a premier provider and servicer of Multifamily, Affordable, Healthcare, and Student Housing. Our mission is simple: to provide the best origination and service of our loan and investment products with exceptional customer service, accuracy, creativity, speed, and conformance to regulations.


Merchants Capital Corp. (MCC) has originated and closed more than $14 billion in financing and now services more than $10 billion. MCC’s primary source of funding is the secondary market of federally chartered agencies and the federal government and tax credit equity investors.