Principal Associate, Insurance Risk

This is a fully remote position, open to applicants in North Carolina, +1 more state.

📋 Description

• Evaluate loan documentation, third-party materials, and investor guidelines to determine relevant insurance requirements.

• Detect gaps in existing policies and work alongside agents and borrowers to rectify non-compliant issues.

• Assess insurance certificates, binders, complete policies, and endorsements for precision and sufficiency.

• Analyze risks linked to insurance deficiencies and assess the feasibility of waivers.

• Prepare detailed justifications for investor endorsement.

• Maintain expertise in General Liability, Umbrella/Excess, Property, and associated coverages.

• Collaborate with internal business units and external partners, including borrowers, agents, third-party vendors, and GSEs.

• Oversee force-placed insurance processes as required.

• Represent the department during internal and external audits.

• Pinpoint opportunities to enhance workflows, bolster internal controls, and boost departmental efficiency.

⛳️ Requirements

• High School Diploma, GED, or an equivalent qualification.

• Minimum of 5 years' experience in the insurance sector, focusing on commercial risk, underwriting, or compliance.

• Bachelor’s Degree or Military experience is preferred.

• More than 2 years of experience with Fannie Mae or Freddie Mac (GSE) Multifamily Loans is preferred.

• Certification in Associate in Risk Management (ARM), Chartered Property Casualty Underwriter (CPCU), or Certified Risk Manager (CRM) is preferred.

• Extensive technical knowledge of commercial insurance coverages related to real estate lending and GSE standards.

• Excellent professional communication skills with the ability to craft clear, persuasive, and concise technical justifications.

• Proven ability to work independently, handle a high-volume workload, and meet deadlines effectively.

• At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

🏝️ Benefits

• Performance-based incentive compensation, which may include cash bonuses and/or long-term incentives (LTI).

• Comprehensive, competitive, and inclusive health, financial, and other benefits that promote overall well-being.

• Reasonable accommodations are available for applicants who need them.