Multifamily Insurance Compliance Manager Job at Freddie Mac, McLean, VA

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  • Freddie Mac
  • McLean, VA

Job Description

Position Overview

If you have proven experience with commercial real estate insurance risk management and the ability to work with diverse teams as well as independently, then Freddie Mac's Multifamily Insurance Team could be a great fit for your next job opportunity. We seek to meet the challenges of an ever-changing commercial insurance market and to set the best standards with our customers in mind.

Our Impact

Our team sets nationally-recognized insurance standards for our Multifamily Borrowers and Lending Partners and implements those standards across various loan products and complex securitization deals.

We keep abreast of insurance market trends and how those impact the Multifamily Mortgage Industry through both technical research and industry collaboration, work with our division partners on knowledge transfer, and support new initiatives and updates to Credit Policy.

We support tracking of catastrophic events and implementing rapid data collection on impacts to loan portfolios and insurance coverage, plus reporting results to Division leadership, Lender partners, and investors.

We work closely with Lender representatives and internal Division partners on complex insurance challenges and arriving at the best solutions for our customers.

Your Impact

Manage special projects and initiatives relevant to team core responsibilities including routine processes in place and new initiatives that arise.

Works on issues of diverse scope where analysis and critical thinking is required to arrive at acceptable conclusions and recommendations to enhance core business needs.

Acts as an advisor to subordinates and other team members related to insurance nuances/requirements, project scopes, and/or resolve technical problems.

Develops and administers schedules, performance requirements; may have budget responsibilities.

Promote improvement ideas and coordinate across functional teams to evaluate viability and implementation.

Maintain collaborative relationships with internal and external stakeholders and promote ideas for learning and process improvements.

Review borrower insurance coverage against commercial property and liability standards during loan origination and servicing; make recommendations related to acceptable exceptions.

Coordinate with multiple capital markets securitization teams in evaluating compliance with underwriting standards and preparation of disclosures of exceptions to deal representations and warranties.

Maintain professional relationships with internal and external colleagues while implementing day-to-day responsibilities, as well as resolving challenging situations that frequently require coordination across organizational lines, all while striving to continuously improve processes and user technology.

Lead and support new initiatives and process improvements that require critical thinking and development of sound recommendations.

Support updates to Division Credit Policy as well as enhancements to user technology related to insurance data and policy changes.

Assist internal and external customers with ad-hoc queries and advise on insurance issues and user technologies.

Complete research and data collection in support of analyzing factors that impact the overall Commercial Insurance Market and Company mission.

Qualifications

8 to 10 years relevant mortgage experience within insurance risk management and the commercial/Multifamily mortgage industry.

2+ years of staff management experience.

Proficient subject matter expert in knowledge of commercial real estate property and liability insurance requirements and coverage details.

Proven project management and organization skills.

Excellent oral and written communication skills.

Proficient with web-based technologies and with Microsoft Office Suite.

Insurance industry professional designations are a plus, but not required.

Keys to Success in this Role

Strong consultative skills and ability to communicate with representatives from different technical backgrounds.

Ability to collaborate effectively across multiple, diverse teams, as well as work independently.

Ability to thrive in a fast-paced work environment while maintaining a positive, professional outlook.

Knowledge of Mortgage industry business and servicing.

Ability to find humor in most situations.

Current Freddie Mac employees please apply through the internal career site.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $150,000 - $224,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.

Job Tags

Work at office, Local area

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