Job Classification:
Investment Management - Investment Operations
GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!
If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!
What you will do:
PGIM Real Estate Loan Services is seeking a Senior Insurance Analyst who will primarily conduct review of loan documents on all new loans, as it relates to insurance requirements. They will use their excellent communication skills to liaise with borrowers, insurance agencies, 3rd party agencies, and prior servicers for various projects and will work closely with other internal teams to provide outstanding service.
This team is following a hybrid arrangement and are in the office in Dallas, Texas at least 3 times a week.
What you can expect:
- Notify borrowers of expirations/deficiencies, where insurance does not align with loan documents.
- Audit insurance renewals, completing comparison against the Insurance Module and documents received.
- Obtain evidence of renewal of certificates/policies/policy endorsements.
- Access systems in order update waiver backup, as needed.
- Complete insurance disbursements, as needed.
- Assist Borrowers/Agents re: incoming inquiries involving insurance disputes, insurance requirements, premium payments and cancellation notices.
- Identify loans where expired insurance requires force placed insurance.
- Connect with Asset Management and Servicing, as necessary.
- Assist with Escrow Analysis and Tax payments, as needed.
What you will bring:
- 5+ years of experience with commercial property insurance
- A detailed understanding of loan terms, complex loan documents, capital structures, pooling, investor reporting and servicing agreements, servicing functions, and process flows.
- Proven written/verbal communication, analytical, and problem-solving skills Ability to multi-task and work independently in a time sensitive environment.
What will set you apart?
- Experience with HUD/FHA, Fannie Mae and/or Freddie Mac.
- Property and Casualty Insurance License or other insurance designations.
PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
Prudential Real Estate Loan Services, Inc (“PRELS”) is a subsidiary of PGIM Real Estate and one of the largest commercial and multifamily mortgage servicing firms in the nation. PRELS manages a wide variety of mortgage investments that include Prudential’s General Account, Institutional, CMBS, Fannie Mae, Freddie Mac and FHA loans. The Company is a rated Primary, Master, and Special Servicer. PGIM Real Estate is one of the nation’s largest full-service commercial, multi-family and agricultural real estate lenders and has been serving the commercial real estate market for over 125 years.
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What we offer you:
Market competitive base salaries, with a yearly bonus potential at every level.
Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
401(k) plan with company match (up to 4%).
Company-funded pension plan.
Wellness Programsincluding up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.
Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
