Description
At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you’re just getting started. Your new career is waiting. Start something special today. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate!
Northmarq does not provide immigration sponsorship for this position. Candidates must possess unrestricted authorization to work in the U.S. for any employer, without the need for sponsorship now or in the future, to be considered for this position.
Northmarq is seeking two Insurance Intern for its Bloomington, MN headquarters office. This internship position will be responsible for maintaining and satisfying commercial insurance requirements by obtaining renewal evidence, completing insurance compliance reviews, analyzing coverage deficiencies, and performing other insurance department tasks/projects. The ideal candidate will be highly analytical and detailed while demonstrating strong communication skills with a curious and collaborative mindset. A disciplined individual who is driven to enhance and maintain quality processes, while demonstrating problem-solving skills and the ability to handle multiple tasks, will excel at this position. Ongoing training is provided as part of the position to build insurance and commercial loan servicing knowledge. Additional responsibilities, including a summer intern project and other department projects, may be added as job expertise is demonstrated.
Position Responsibilities:
- Plan and schedule own workload to most efficiently meet established deadlines.
- Provide premier customer service to borrowers, agents, and other Northmarq staff.
- Monitor and collect evidence of insurance, other policy documentation, and the premium invoice for escrowed loans upon policy expiration.
- Review and assess renewal insurance coverage to identify deficiencies with lender requirements and analyze potential risk.
- Update and maintain insurance information in our Servicing system and electronic files.
- Prepare revision requests and work closely with Insurance Analysts and Management to obtain and track coverage revisions.
- Monitor and maintain several reports and the Insurance Team’s Outlook inbox.
- Audit new loan files to ensure accurate file and system setup.
- Participate in the Summer Intern Team Project with the other Northmarq Servicing interns and present to Senior Management.
- Attend weekly mentor meetings, team/department meetings, and networking meetings with Executive Leadership.
- Perform other reasonable tasks/projects and assist our Insurance Team, as needed.
What We're Looking For:
- Pursuing a Bachelor’s Degree, preferably in risk management, insurance, finance, real estate, math, accounting, or related.
- Prior internship and/or office experience preferred.
- Strong skills in Microsoft Outlook, Excel, and Word
- Strong analytical skills
- Excellent oral and written communication skills
- Customer service-oriented
- Strong organizational and prioritization skills
- Ability to work both independently and within a team, with minimal supervision
- Ability to prioritize and meet deadlines
- Demonstrated strong work ethic
- Attention to detail and accuracy required
- Problem-solving skills to reflect the level of responsibilities
- Ability to maintain sensitive and confidential information
- Ability to maintain a positive attitude in all situations
Northmarq carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The salary range for the Insurance intern position is $22.00 per hour.
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