Principal Associate- Agency Finance and Insurance Analyst

Capital One • McLean, VA

394d

About The Position

The Principal Associate for Agency Finance and Insurance will oversee pre-closing insurance compliance reviews for new loan originations underwritten to GSE programs. This role involves collaboration with internal teams and external parties to manage insurance risk effectively, ensuring compliance with GSE requirements and addressing any issues that arise.

Requirements

• High School Diploma, GED or equivalent certification
• At least 3 years of experience working in loan operations
• At least 2 years of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs)

Nice To Haves

• Bachelor's Degree or Military Experience
• 3+ years of experience in commercial or small business banking operations
• 3+ years of experience with Government-Sponsored Enterprise (GSEs) backed multifamily loans
• 3+ years of experience processing insurance disbursements
• 3+ years of experience with Microsoft Office or Google Suite

Responsibilities

• Follow-up with insurance agents and borrowers to obtain current proof of insurance
• Ensure that loan reviews are completed timely and accurately to meet specified deadlines
• Review insurance documentation to ensure compliance to GSE insurance requirements
• Perform follow-up on outstanding documents and exceptions to bring coverage into compliance
• Perform analysis of blanket insurance policies and large borrower programs
• Review full insurance policies
• Draft and submit waivers to investors and master servicers
• Maintain systems of record for pipeline management
• Participate in weekly pipeline meetings and share status updates on work in progress
• Perform review of final insurance documentation for boarding and servicing
• Identify opportunities to improve processes to increase control and efficiency

Benefits

• Comprehensive health benefits
• Financial benefits
• Inclusive workplace support

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED