Director - Lending Insurance Risk
About The Position
The Director – Lending Insurance Risk is a subject-matter expert who advises Berkadia’s Underwriting, Mortgage Banking, and Closing teams on complex insurance matters affecting multifamily lending transactions. The role provides strategic guidance on insurance risk, agency compliance, coverage structures, consultant recommendations, and escalated transaction issues, using a consultative, triage-based approach focused on higher-complexity matters. The Director serves as a senior internal advisor on commercial real estate insurance matters, evaluating coverage and helping stakeholders make informed transaction decisions. The role also provides practical guidance to borrowers, brokers, and deal teams when complex insurance requirements need clarification or resolution, and develops internal resources to support consistent insurance-risk practices.
Requirements
- 8–15+ years of progressively responsible experience in commercial real estate insurance, risk management, insurance consulting, commercial mortgage lending, or a related field.
- Significant experience evaluating commercial property and casualty insurance programs for multifamily or other commercial real estate assets.
- Experience with Fannie Mae, Freddie Mac, GSE, agency, or institutional commercial real estate lending requirements.
- Demonstrated experience advising senior stakeholders on complex insurance risk, coverage, and compliance matters.
Responsibilities
- Serve as Berkadia’s senior internal advisor on complex commercial real estate insurance matters for multifamily lending transactions.
- Assess insurance coverage, policy structure, deductibles, retentions, exclusions, endorsements, carrier strength, and risk-transfer considerations.
- Advise Underwriting on insurance-related risk decisions for centrally underwritten transactions.
- Advise Mortgage Banking teams on insurance-related risk decisions for Mortgage Banking-underwritten transactions, including Freddie Mac Conventional loans.
- Interpret and apply Fannie Mae, Freddie Mac, and other applicable agency insurance requirements.
- Review insurance consultant analyses and recommendations, and communicate resulting risks, requirements, and recommended actions to internal stakeholders.
- Provide practical, business-focused guidance to borrowers, brokers, and deal teams when complex insurance requirements require clarification or resolution.
- Lead resolution of escalated insurance issues, including waiver considerations, nonstandard coverage structures, carrier concerns, and agency compliance questions.
- Partner with Underwriting, Mortgage Banking, Closing, Legal, Loan Servicing, and external consultants to support timely, risk-informed transaction decisions.
- Develop and maintain internal guidance, best practices, training materials, and reference resources related to commercial real estate insurance risk.
- Monitor changes in agency requirements, insurance market conditions, and relevant industry practices that may affect Berkadia’s lending platform.
- Balance risk mitigation, agency compliance, borrower experience, and transaction execution through sound commercial judgment.
- Perform other duties as assigned.
Benefits
- Monthly paid volunteer hours and donation matching to benefit communities.
- Employee Resource Groups.
- Fertility and family planning services.
- Up to 12 weeks of fully paid parental leave.
- Mental health care, including free counseling sessions.
- Tuition reimbursement.
- Pet insurance discounts.
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
