Insurance Risk Manager

Principal Financial Group • Charlotte, NC

23h • Hybrid

About The Position

We’re looking for an Insurance Risk Manager to join our Commercial Mortgage Servicing - Loan Operations team. In this role, you’ll you will be responsible for managing the insurance risk for medium to large customized commercial real estate loans for a variety of lending platforms. This includes formulating risk analysis and recommending courses of action to portfolio managers or others as appropriate.

Requirements

• Bachelor’s degree in insurance, Finance, Real Estate, or a related field
• 10+ years of background in commercial real estate transactions or equivalent experience.
• Comprehensive understanding of insurance policies, coverages, concepts, and terminology and/or complex commercial property investment finance concepts and terminology.
• Ability to independently analyze and interpret loan contractual requirements and other legal documentation as it relates to insurance.
• Experience providing strategic risk management and mitigation solutions that align diverse interests with sound risk evaluation principles.
• In-depth knowledge of underwriting principles and risk mitigation techniques.
• Strong analytical, negotiation, and problem-solving abilities.
• Highly organized and detailed with the ability to prioritize multiple tasks in a fast-paced environment.
• Excellent verbal and written communication skills; able to work professionally with clients.
• Occasional travel to attend industry conferences for professional development.

Nice To Haves

• Background in real estate servicing, origination, closing, underwriting or insurance compliance analysis preferred.
• Expertise in performing advanced risk modeling for catastrophic exposures, including named storms, floods, seismic events, and other natural phenomena.
• Ability to provide insurance risk consultation and deliver technical expertise on transactions of varying types and sizes to internal stakeholders.
• Strong capability to lead critical discussions and negotiations with borrowers, attorneys, and loan sponsors.

Responsibilities

• Provide insurance risk consultation, analysis, expertise, and technical direction on insurance matters for commercial real estate loans during all stages, including pre-application, construction & construction conversion, origination, and servicing.
• Manage and direct the insurance risk review process during loan origination, including independently analyzing insurance documentation, due diligence, and loan agreements to formulate insurance coverage requirements and recommendations which align with client risk tolerance.
• Analyze complex loan documentation, loan structures, contractual requirements, and other legal documentation which impact or are related to insurance to determine compliance, assess risk and provide strategic risk management and mitigation solutions and recommendations that balance stakeholder interests with sound risk assessment principles.
• Review and interpret insurance policy language, leasing agreements, and loan related covenants to ensure all components are working together to protect the collateral.
• Lead critical discussions with various stakeholders, provide decisive input and drive strategic decision-making to resolve complex insurance matters, including negotiation and revision of insurance related loan documentation.
• Perform advanced risk modeling for catastrophic exposures, including named storms, floods, seismic events, and other natural phenomena or equivalent.
• Ensure critical compliance standards and timelines are maintained through the effective and timely management and resolution of escalated non-compliance matters.
• Advise and mentor the Insurance Compliance Analysts on the handling of critical non-compliant insurance, providing technical guidance to the insurance team in their review.
• Maintaining assigned sections of procedural manuals and managing ad hoc projects, queries, and audits as business needs arise.
• Look for chances to create opportunities with new technology and new techniques.
• Perform other job-related duties and special projects as required.

Benefits

• Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness.
• Comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior