Sr Insurance Compliance Analyst

Principal Financial Group • Des Moines, IA

5h • Hybrid

About The Position

We’re looking for a Senior Insurance Compliance Analyst to join our Commercial Mortgage Servicing - Loan Operations team. In this role, you will be part of a team 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.

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $740 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a “Best Places to Work in Money Management” for 14 consecutive years! Check us out at www.principalam.com!

Requirements

• Bachelor’s degree in insurance, Finance, Real Estate, or a related field, plus 7+ years of background in commercial real estate transactions or equivalent experience.
• Background in real estate servicing, closing, underwriting or insurance compliance analysis preferred.
• Ability to analyze and interpret loan contractual requirements and other legal documentation as it relates to insurance.
• Skilled in assessing risk and making recommendations based on independent analysis.
• Knowledge of basic underwriting principles and risk mitigation techniques.
• Strong analytical, negotiation, and problem-solving abilities.
• Highly organized and detailed with the ability to manage multiple priorities 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

• Experience 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

• Direct the insurance risk review process during loan origination, including performing insurance risk reviews, independently analyzing insurance documentation, due diligence, and loan agreements to formulate insurance coverage requirements and recommendations which align with client risk tolerance. Collaborate with the Insurance Risk Manager on complex cases.
• Advise and mentor the CMS Analysts on the handling of critical non-compliant insurance, providing technical guidance to the insurance team in their review.
• Lead escalated non-compliance matters, 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.
• Ensure critical compliance standards and timelines are maintained through the effective and timely management and resolution of escalated non-compliance matters.
• 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.
• 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.
• Work with seasoned Insurance Risk Manager to continue to grow insurance knowledge and expertise.
• 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. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.
• bonus program

What This Job Offers

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