Multifamily Insurance Compliance Manager

Freddie Mac•McLean, VA

About The Position

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose. Position Overview: If you have proven experience with commercial real estate insurance risk management and the ability to work with diverse teams as well as independently, then Freddie Mac’s Multifamily Insurance Team could be a great fit for your next job opportunity. We seek to meet the challenges of an ever-changing commercial insurance market and to set the best standards with our customers in mind. Apply now and learn why there’s #MoreAtFreddieMac! Our Impact: Our team sets nationally-recognized insurance standards for our Multifamily Borrowers and Lending Partners and implements those standards across various loan products and complex securitization deals We keep abreast of insurance market trends and how those impact the Multifamily Mortgage Industry through both technical research and industry collaboration, work with our division partners on knowledge transfer, and support new initiatives and updates to Credit Policy We support tracking of catastrophic events and implementing rapid data collection on impacts to loan portfolios and insurance coverage, plus reporting results to Division leadership, Lender partners, and investors We work closely with Lender representatives and internal Division partners on complex insurance challenges and arriving at the best solutions for our customers Your Impact: Manage special projects and initiatives relevant to team core responsibilities including routine processes in place and new initiatives that arise Works on issues of diverse scope where analysis and critical thinking is required to arrive at acceptable conclusions and recommendations to enhance core business needs Acts as an advisor to subordinates and other team members related to insurance nuances/requirements, project scopes, and/or resolve technical problems Develops and administers schedules, performance requirements; may have budget responsibilities Promote improvement ideas and coordinate across functional teams to evaluate viability and implementation Maintain collaborative relationships with internal and external stakeholders and promote ideas for learning and process improvements Review borrower insurance coverage against commercial property and liability standards during loan origination and servicing; make recommendations related to acceptable exceptions Coordinate with multiple capital markets securitization teams in evaluating compliance with underwriting standards and preparation of disclosures of exceptions to deal representations and warranties Maintain professional relationships with internal and external colleagues while implementing day-to-day responsibilities, as well as resolving challenging situations that frequently require coordination across organizational lines, all while striving to continuously improve processes and user technology Lead and support new initiatives and process improvements that require critical thinking and development of sound recommendations Support updates to Division Credit Policy as well as enhancements to user technology related to insurance data and policy changes Assist internal and external customers with ad-hoc queries and advise on insurance issues and user technologies Complete research and data collection in support of analyzing factors that impact the overall Commercial Insurance Market and Company mission

Requirements

8 to 10 years relevant mortgage experience within insurance risk management and the commercial/Multifamily mortgage industry
2+ years of staff management experience
Proficient subject matter expert in knowledge of commercial real estate property and liability insurance requirements and coverage details
Proven project management and organization skills
Excellent oral and written communication skills
Proficient with web-based technologies and with Microsoft Office Suite

Nice To Haves

Insurance industry professional designations are a plus, but not required
Strong consultative skills and ability to communicate with representatives from different technical backgrounds
Ability to collaborate effectively across multiple, diverse teams, as well as work independently
Ability to thrive in a fast-paced work environment while maintaining a positive, professional outlook
Knowledge of Mortgage industry business and servicing
Ability to find humor in most situations

Responsibilities

Manage special projects and initiatives relevant to team core responsibilities including routine processes in place and new initiatives that arise
Works on issues of diverse scope where analysis and critical thinking is required to arrive at acceptable conclusions and recommendations to enhance core business needs
Acts as an advisor to subordinates and other team members related to insurance nuances/requirements, project scopes, and/or resolve technical problems
Develops and administers schedules, performance requirements; may have budget responsibilities
Promote improvement ideas and coordinate across functional teams to evaluate viability and implementation
Maintain collaborative relationships with internal and external stakeholders and promote ideas for learning and process improvements
Review borrower insurance coverage against commercial property and liability standards during loan origination and servicing; make recommendations related to acceptable exceptions
Coordinate with multiple capital markets securitization teams in evaluating compliance with underwriting standards and preparation of disclosures of exceptions to deal representations and warranties
Maintain professional relationships with internal and external colleagues while implementing day-to-day responsibilities, as well as resolving challenging situations that frequently require coordination across organizational lines, all while striving to continuously improve processes and user technology
Lead and support new initiatives and process improvements that require critical thinking and development of sound recommendations
Support updates to Division Credit Policy as well as enhancements to user technology related to insurance data and policy changes
Assist internal and external customers with ad-hoc queries and advise on insurance issues and user technologies
Complete research and data collection in support of analyzing factors that impact the overall Commercial Insurance Market and Company mission