Insurance Associate

Performs various tasks within the insurance team including the monitoring of insurance claims within our portfolio of loans to assure compliance with loan document and/or lender requirements; as well as meeting investor and borrower servicing expectations.

Essential Duties and Responsibilities

• Manage a portfolio of approximately 80-100 property insurance claims from beginning to completion. 


• Receive and handle incoming claim funds for deposit


• Review of Loan Agreements, third-party reports, and other various loan documents.


• Review all claim documents such as Statement of Loss, repair contracts, Adjuster Reports, fire reports, etc..


• Develop and maintain strong relationships by working with borrowers, adjusters, insurance agents, Master Servicers, Lenders/Investors and other interested parties.


• Utilize and work with vendors as needed.


• Disburse borrower draw requests by thorough review of invoices and lien waivers in accordance with lender guidelines


• Assist with the Newmark Disaster Recovery Reporting Process


• Assist with special projects and additional duties as assigned by management.


• Initiates and participates in projects, system enhancement design and testing; documents procedures


• This position will be within the Lower Gwynedd, PA office on a hybrid work schedule.

Core Competencies

• Analytical skills; ability to interpret, resolve, and understand implications of complex issues


• Accuracy – ensures that data input is correct and input appropriately


• Ability to work independently, make decisions as appropriate, and advise on appropriate course of action


• Flexibility - ability to multitask and to shift priorities


• Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule


• Advanced computer skills, including MS Excel and Word.


• Ability to identify, implement and promote process improvements in day to day duties


• Customer Service Skills – ability to manage and respond to customer requests


• Strong team, leadership, negotiation and interpersonal skills


• Strong communication skills – written and spoken