Acquisition & Lender Compliance Associate

Description

Franklin Street is currently seeking an Acquisition & Lender Compliance Associate to join our team in Fort Lauderdale, FL.

The ideal candidate must possess a bachelor’s degree from an accredited college, Insurance, Risk Management, Actuarial Sciences, or Finance/Business major preferred. 1-3 years of experience working in the mortgage or lender industry. Commercial insurance experience is preferred but not required to be considered for this role.

Position Overview:

The Acquisitions & Lender Compliance Associate - Commercial Insurance will assist the Managing Partner / Producer and Vice President in support of a group of insurance agents in order to enable them to reach a high level of production and provide exceptional customer service to our clients.It is a developmental role designed for those just entering the Commercial Insurance field.

• Activities primarily related to Acquisitions and Lender Compliance:
• Evaluates client’s exposures and will create premium estimates for client’s potential commercial real estate acquisitions.
• Updates and actively manages the Acquisitions Tracking Sheet.
• Analyze portfolio loss histories, identify frequency trends and presents recommendations for risk management solutions to client.
• Discusses exposures with clients to create insurance Statements of Value (SOV) to capture client’s locations and property exposures for client’s approval and submission to carriers.
• Stays current on the latest Fannie Mae and Freddie Mac insurance requirements to be able to review contracts and secure proper coverage, negotiate terms with carrier and properly execute evidence of insurance for clients.
• Generates and analyzes Marshall & Swift valuations utilizing Marshall & Swift online software and respond to lender’s questions concerning the valuations and negotiate changes in values with lender and carrier.
• Creates and provides Acquisition Pricing Spreadsheet per property once a property goes under contract.
• Utilize our web-based Agency Management System to set up new clients.
• Performs ongoing tasks related to assisting Agents/Brokers with proper client documentation.
• Responds in a timely manner to various inquiries from clients. Gathers and delivers signed documents to underwriters and obtains any additional information to finalize bind requests from agents (ex: loss runs, No Known Loss Letters, binder subjectivities).
• Creates client summary packages, marketing materials, proposals, etc. for agents utilizing Microsoft Publisher and AMS.
• Produces general correspondence, client binders, memos, charts, tables, graphs, business, and financial reports, etc.
• Adheres to Franklin Street’s Insurance best practices and procedures.
• Assists agents/brokers with day-to-day tasks and special projects.
• Performs other duties as assigned.

Requirements

• Bachelor’s Degree from an accredited college or university is required. Insurance, Risk Management, Actuarial Sciences, or Finance/Business major preferred.
• 1-3 years of experience supporting a commercial insurance business – preferably in the P&C specialty area preferred. At least 1 year of experience working in a professional business services office in an administrative or support role required. Prior work or internship experience in insurance, real estate, or sales may be considered.
• Must possess or be actively working towards a Property and Casualty Insurance License (2-20 or 4-40). Must obtain a 4-40 license or 2-20 within first 90 days.Must obtain a 2-20 within the first 12 months in position.
• High level of proficiency in computer skills including MS Office applications (Excel, Word, Outlook) is required. Knowledge of general database / client management software required along with a willingness and ability to learn new software programs including Adobe InDesign, PowerPoint etc.as needed is required.
• AMS 360 proficiency or similar industry software experience a plus.
• Ability to type 45-50 wpm or faster required.
• Additional coursework or related insurance industry experience a plus.
• Ability to comprehend, analyze, and interpret complex business documents and multi-tiered insurance models is required.
• Skill set related to business development, cultivation, and relationship management with ability to identify customer needs and effectively communicate, position, negotiate, and drive solutions sales.
• An outgoing, positive person who can develop high level relationships with property owners and business partners.
• A driven, disciplined, resilient, achievement-focused, coachable professional.
• Must have knowledge of secre