Position Summary:
The Insurance Administrator plays a crucial role in supporting the daily servicing of the HDC portfolio of mortgages by evaluating insurance escrow accounts for proper funding and timely payments on behalf of the borrower. The Insurance Administrator serve as the primary contact with Insurance Brokers and Managing Agents with a focus on building strong relationships. The Insurance Administrator will also work closely with the Engineering team to complete any insurance claims accurately and efficiently. The Insurance Administrator will report to the Vice President of Loan Servicing.
Area of Talent: Administrative / Insurance
Position Type: Full Time/Non-Exempt
Salary Range: $50,000 to $58,000
Office Location: NYC/Financial District
Job Responsibilities:
• Obtains insurance certificates and invoices for property, liability, boiler and machinery, umbrella, fidelity, and other types of insurance at renewal on HDC and HPD properties.
• Manages insurance escrow: Reviews, pays insurance premiums, performs insurance escrow analysis, and updates insurance records in the servicing platform accordingly.
• Updates the system to reflect accurate Insurance Carriers ratings using AM Best.
• Monitors Mortgage Insurance Premiums to ensure HDC has the information required and approves payments for HUD, SONYMA, and REMIC.
• Coordinates insurance claim checks endorsements/funds releases with Asset Management Engineering Department.
• Coordinates arbitrage bills between Accounting, Hawkins Delafield and Wood, and the borrower.
• Performs other duties as assigned.
Required Qualifications:
• A Bachelor’s Degree from an accredited college in a related field and 1-3 years of administrative experience in insurance, escrow management, or loan servicing; or
• A satisfactory combination of education and/or experience that is equivalent to the above.
• Intermediate proficiency in Microsoft Office Suite (Excel, Word, Outlook).
• Superior organization, analytic, and problem-solving skills with excellent attention to detail and ability to manage multiple tasks.
• Excellent communication skills, both written and verbal.
• Property & Casualty Insurance License a plus – willingness to obtain certification.
• Familiarity with HUD, REMIC, and SONYMA a plus.
It is strongly preferred that you submit a cover letter with your resume. You may also fax your resume and cover letter to (212)227-6816.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including:
• Health Benefits at a reasonable cost
• Dental and Vision Benefits at no cost
• Retirement savings plan with a generous match and a pension plan
• Paid holiday, vacation, sick time and parental leave
• Professional development opportunities
• Public Service Loan Forgiveness for eligible employees
• Wellness reimbursement
• Back-up Caregiver Benefit
HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please complete the reasonable accommodations section on the application or contact Human Resources by emailing jobs@NYCHDC.com.
Location: New York, NY
Posted: Oct. 16, 2024, 6:33 a.m.
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