Insurance Analyst Jobs in Minnesota

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Northmarq is seeking a Commercial Insurance Analyst to join its Insurance department in the Minneapolis (Bloomington, MN) headquarters office. This position requires a deadline-driven, organized, and detail-minded individual who will be responsible for commercial insurance compliance, ensuring minimized risk to all investor portfolios. They will interact daily with internal and external customers, working to achieve customer satisfaction while communicating the potential insurance risk and/or investor requirements. The focus will be on developing a high-level understanding of commercial insurance terminology, independent management of an assigned portfolio, and consistent attention to detail and accuracy in all job responsibilities. Additional responsibilities may be added to adapt to company growth.

• This role supports a flexible schedule that prioritizes in-office teamwork, with flexibility for remote work when appropriate.

Position Responsibilities:

• Plan and schedule own workload to most efficiently meet benchmarks and manage assigned portfolio, prioritizing according to risk and urgency.
• Provide premier customer service to investors, borrowers, agents, and other Northmarq staff.
• Monitor and collect evidence of insurance, upon expiration.
• Conduct due diligence of loan documents to ensure proper loan setup and servicing of the loan.
• Audit insurance certificates and policies to ensure conformity with investor and company regulations at renewal to ensure proper policy performance and compliance, applying guidelines and procedures that may require some interpretation in dealing with exceptions.
• Maintain and update commercial mortgage insurance files and servicing system files.
• Identify potential risks for the company and the investor and promptly notify the appropriate parties following identification of any coverage issue, deficiency, or lapse in coverage.
• Achieve a high level of commercial insurance expertise, quality, understanding of risk, and possible outcomes due to coverage non-compliance.
• Achieve the ability to analyze insurance deficiencies, corresponding risks, and possible impacts on property financial performance, focusing on recommending the course of action based on the outcome of the applicable research.
• Demonstrate growth in risk and waiver analyses; utilize gained expertise to prepare comprehensive written analyses of complex issues for investor and/or management review.
• Reach prompt and satisfactory resolution of insurance non-compliance, or other issues.
• Monitor and update monthly loan reports utilized by investors and management to analyze potential risk.
• Demonstrate continued growth and development towards the Commercial Insurance Analyst II position.
• Perform other reasonable tasks/projects, as assigned.

What We're Looking For:

• 1 to 3 years of Commercial Real Estate (CRE) and/or Insurance experience
• Bachelor's degree in Risk Management and/or Insurance; or Commercial Real Estate Insurance-related industry designations
• Familiarity with insurance and commercial mortgage terminology
• Strong skills in Microsoft Outlook, Excel, and Word
• A customer-focused mindset by proactively identifying opportunities to deliver added value beyond immediate needs.
• Advanced organizational skills with the ability to handle multiple tasks and assignments, and ability to consistently prioritize deadlines
• Capacity to identify and analyze risk, continually applying knowledge gained to improve job performance
• Excellent oral and written communication skills
• Aptitude to work both independently and within a team, and with minimal supervision
• Problem-solving skills to reflect the level of responsibilities
• Attention to detail and accuracy required
• Ability to maintain a positive attitude in all situations
• Demonstrated work ethic and willingness to work extended hours when necessary

Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more!

Northmarq carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The salary range for the Commercial Insurance Analyst position is $60,000.00 to $75,000.00 annually. This range is a good faith estimate and the actual compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience.

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