Insurance Administrator
New York City Housing Development CorporationNew York, New York, United States • New York, New York, United States
Posted January 14, 2025
50000 - 60000 USD year
Full Time
About the Company
New York City Housing Development Corporation (HDC) is a leading local housing finance agency dedicated to increasing affordable housing supply for low-, moderate-, and middle-income New Yorkers. Established in 1971, HDC provides financing through bonds, subsidies, and loans for various types of housing projects, including rentals and homeownership. With the flexibility to adapt to changing economic conditions, HDC has become a top issuer of multi-family bonds, ranking third nationally in 2012 and dedicating over $1.8 billion in direct subsidy to enhance affordability.
Job Description
HDC is seeking an Insurance Administrator to support the servicing of a portfolio of mortgages, ensuring accurate and timely payments on behalf of borrowers. This role involves managing insurance escrow accounts, monitoring mortgage insurance premiums, and coordinating claims. The Insurance Administrator will work closely with the Engineering team and report to the Vice President of Loan Servicing.
Requirements
- Obtain insurance certificates and invoices for property, liability, boiler, and machinery.
- Manage insurance escrow: Reviews, pays premiums, performs analysis.
- Update system records with accurate insurance carrier ratings using AM Best.
- Monitor Mortgage Insurance Premiums to ensure HDC has the information needed and approves payments.
- Coordinate arbitrage bills and work with Asset Management Engineering.
- Perform other duties as assigned.
Benefits
- Health Benefits
- Dental and Vision Benefits
- Retirement savings plan with a generous match
- Paid holiday, vacation, sick time and parental leave
- Professional development opportunities
- Public Service Loan Forgiveness
- Wellness reimbursement
- Back-up Caregiver Benefit
