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!
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 offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more!
Minnesota Residents: 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. This number is a good faith estimate, and the actual compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience.
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What We Do
For nearly 60 years, Northmarq has provided debt, equity, and loan servicing to commercial real estate owners and investors through our offices across the U.S. Our investment sales platform offers acquisition and disposition services for multifamily assets in select markets. Find our local market experts at www.northmarq.com/offices.
We offer clients the ideal combination of a strong national company capable of attracting a wide range of capital sources, a personalized approach to buying and selling multifamily properties, exceptional knowledge of local markets, and a robust loan servicing operation to manage the life of every loan.
With decades of expertise built on strong relationships, employees find that Northmarq is a challenging yet supportive workplace where they are able to advance their career aspirations and future. Discover what it's like to work here: https://youtu.be/jhAKDGQF8eY
