Commercial Insurance Risk & Compliance Analyst

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Company Description

At Fannie Mae, futures are made. The inspiring work we do makes an affordable home a reality and a difference in the lives of Americans. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will help lead our industry forward and make your career.

Job Description

As a valued colleague on our team, you will contribute to assessing and identifying potential insurance risks that may threaten the reputation, safety, security, and/or the financial success of Fannie Mae. In this role, you will collaborate with internal and external stakeholders and external insurance industry experts to minimize insurance-related risks, as well as support insurance risk policy development. You will develop and manage insurance requirements for multifamily properties; and decision routine and complex waiver requests associated with these requirements. Insurance Associates must apply technical understanding of insurance principles, underwriting practices, and laws - both state and federal.

THE IMPACT YOU WILL MAKE

The Commercial Insurance Risk & Compliance Analyst role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:
  • Identify, research and analyze insurance market trends and update Multifamily Seller Servicer Guide requirements.
  • Determine property risks, controls, and appropriate and adequate mitigants associated with waiver requests.
  • Decision new and post-closing waivers.
  • Provide professional verbal and written responses and feedback to questions, requests, and challenging insurance matters presented by internal and external stakeholders.
  • Train stakeholders on Fannie Mae insurance requirements.
  • Manage ongoing risk activities related to performing loans; annual assessment of lender insurance compliance including detailed review of selected loan files.
  • Represent insurance on routine and non-routine projects where a subject matter expert is needed.


Qualifications

Minimum Required Experiences
  • 2 years relevant experience

Desired Experiences
  • Bachelor degree or equivalent
  • Insurance industry experience (Commercial Insurance preferred)
  • Knowledge of Multifamily property risks and required coverages
  • Ability to identify property and liability risks, controls and mitigants
  • Technical understanding of insurance principles, underwriting, and legal requirements to address insurance issues with customers.
  • Ability to work independently

Skills
  • The group of skills related to Relationship Management including managing and engaging stakeholders, customers, and vendors, building relationship networks, contracting, etc.
  • The group of skills related to Influencing including negotiating, persuading others, facilitating meetings, and resolving conflict
  • Working with people with different functional expertise respectfully and cooperatively to work toward a common goal
  • Experience in the process of analyzing data to identify trends or relationships to inform conclusions about the data
  • Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand
  • The group of skills related to Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
  • Experience gathering accurate information to explain concepts and answer critical questions

Tools
  • Skilled in Excel
  • Skilled in PowerPoint


Additional Information

The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.

Job ID:REF8791N

743999774729736