Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30 , 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7, 8 00 professionals around the world. To learn more, visit nmrk.com or follow @newmark .
Performs various tasks within the insurance compliance team to ensure that all investor and/or lender insurance requirements have been met or effectively mitigated, as well as ensuring coverage has been evidenced properly prior to loan closing.
Essential Duties and Responsibilities:
- Work with insurance agents, brokers, borrowers, as well as internal deal team to gather required insurance documents necessary for full compliance review.
- Routinely Interpret various 3rd party reports relating to the property condition, property characteristics, property exposures such as Appraisals, Zoning reports, Seismic Studies, Phase I/II, Physical Needs Assessments, Flood determinations, Catastrophic Event Modeling, insurance certificates and full insurance policies.
- Prepare thorough and accurate insurance compliance assessments, documenting and uploading complete review in accordance with investor/lender requirements.
- Create and present detailed written analysis for exceptions/waivers to management when compliance is not able to be met, this also includes blanket exposure concentration analysis.
- Deliver high level of personal attention to each transaction, responding timely to internal and external customer communications.
- Meet annual training obligations to remain educated on insurance provisions, industry, regulations, and pertinent legislation.
- Initiates and participates in system enhancement design and testing, as well as providing feedback on policy and procedure updates.
- Assist with special projects and additional duties as assigned by management.
Core Competencies:
- Postsecondary degree in related field, preferred.
- 3-5 years of Commercial Property and Casualty Insurance required; State issued, valid insurance license, preferred.
- 3-5 years of Commercial Mortgage Servicing experience, desired.
- Clear and demonstrated knowledge of Commercial Insurance Coverage including, but not limited to Property-including all perils, General Liability, Professional Liability, Excess/Umbrella Liability, Auto, Fidelity/Crime.
- Must have exceptional research and analytical skills, attention to detail, judgement, and ability to resolve and negotiate complex issues.
- Ability to thoroughly review and interpret legal contracts such as loan documents and insurance policies.
- Ability to work independently and self-prioritize workflow in a high volume/deadline driven environment.
- Must have excellent written and verbal communication skills and effectively be able to navigate communications via virtual settings, phone calls, and emails.
- Advanced computer skills, including MS Excel, Word, Adobe, Outlook, and Teams.
Working Conditions: Normal working conditions with the absence of disagreeable elements.
Note: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.