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About this role:
Wells Fargo is seeking a Corporate Insurance Manager to work with Government Sponsored Enterprise loans and their corresponding insurance coverage. Learn more about our career areas and lines of business at wellsfargojobs.com.
In this role, you will:
• Responsible for insurance compliance on approximately 5,000 commercial loans.
• Manage a of team of Insurance Consultants who perform reviews on property and liability insurance certificates and policies for commercial properties to verify compliance with lender and investor guidelines.
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. Oversight of our Blanket Analysis process to ensure properties that are on a blanket policy have sufficient coverage based on geographical locations
• Review and approval of insurance waivers prior to submitting to our Investors / Lenders for final approval.
• Correspond with offshore team, borrowers, and insurance agents, audit the compliance of insurance certificates/policies for new and existing loans
• Collaborate virtually with our Third Party Vendors and offshore team in resolving insurance exceptions, and use specific criteria to quality assure and report metric results and feedback on a weekly/monthly basis
• Collaborate with other Insurance Managers on the formulation of work procedures, policies and methods to ensure compliance with Wells Fargo, legal, investor, regulatory, and business policies, which directly affect the work unit and other departments
• Analyzing management reports to optimize workflow coordination and production with domestic staff, vendors and offshore operations
• Handle special projects that primarily impact his/her functional area or specific department
• Escalate issues, evaluate and process borrowers' servicing requests in conjunction with asset managers, internal and external counsel, and business partners, and ensure quality customer service is provided to internal/external customers
• Review and comprehension of the Government Sponsored Enterprise (GSE) insurance guidelines
• Understand compliance and risk management requirements for supported area
• Participate in company initiatives or processes to assist in meeting its risk and capital objectives and other strategic goals
Required Qualifications:
- 4+ years of Corporate Insurable Risk Management, Risk Management Consulting, Property or Casualty Insurance, or Insurance Brokerage experience or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 2+ years of Leadership experience
- 2+ years of Property and Casualty experience
- 2+ years commercial insurance experience
- 2+ years of commercial real estate, mortgage banking, or mortgage loan servicing experience
- Familiarity with commercial real estate loan documents as well as pooling and servicing agreements
- Ability to research, compile, and perform complex analysis on insurance data
- Knowledge and understanding of compliance or risk
- Ability to independently provide summaries and make strategic recommendations
- Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
- Outstanding problem solving and decision-making skills
- Ability to work effectively, as well as independently, in a team environment
- Strong analytical skills with high attention to detail
- Intermediate Microsoft Office, including Excel, skills
- Excellent verbal, written, and interpersonal communication skills
- Ability to work additional hours as needed
- 550 S Tryon St., Charlotte, NC
Relocation assistance is not available for this position.
This position is not eligible for Visa sponsorship.
31 Oct 2024
*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.