MF Risk - Asset Management - Insurance - Senior Associate

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

Job Description

As a valued colleague on our Multifamily Risk team, you will support the insurance oversight and risk management activities for Fannie Mae's multifamily asset portfolio. In this role, you will monitor insurance compliance, evaluate insurance-related risks, and partner with internal and external stakeholders to help ensure that multifamily properties maintain appropriate insurance coverage throughout the life of the loan. You will analyze insurance documentation, support portfolio risk assessments, and contribute to the continuous improvement of insurance processes, reporting, and operational effectiveness.

Key Responsibilities

• Monitor insurance compliance for an assigned multifamily portfolio to ensure properties maintain required insurance coverage in accordance with Fannie Mae guidelines and servicing requirements.
• Review insurance policies, certificates of insurance, endorsements, and related documentation to verify coverage adequacy, policy terms, and compliance with established standards.
• Identify insurance-related risks and exceptions, analyze potential impacts to collateral, and recommend appropriate mitigation strategies.
• Partner with Asset Management, Servicing, Risk, Legal, Underwriting, and external servicers or insurance providers to resolve insurance compliance issues.
• Analyze insurance trends, portfolio data, and operational metrics to support portfolio monitoring and risk management activities.
• Prepare reports, dashboards, and analyses that communicate insurance compliance, portfolio performance, and risk exposure to key stakeholders.
• Support governance activities by maintaining accurate documentation and ensuring adherence to internal controls, policies, and regulatory requirements.
• Assist with insurance-related projects, audits, regulatory examinations, and continuous improvement initiatives.
• Recommend process improvements that enhance operational efficiency, reporting accuracy, and the overall effectiveness of insurance oversight activities.
• Utilize enterprise systems and reporting tools to track insurance compliance, document portfolio activity, and support informed business decisions.

• 2+ years of experience in insurance, commercial real estate, multifamily lending, asset management, loan servicing, risk management, underwriting, portfolio management, or a related financial services environment,
• Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work.

• Bachelor's degree or equivalent experience.
• Experience reviewing commercial property insurance policies, certificates of insurance, endorsements, or insurance compliance documentation.
• Knowledge of commercial property insurance concepts, including property, general liability, flood, builders risk, umbrella/excess liability, and other insurance coverages applicable to multifamily properties.
• Familiarity with multifamily lending, commercial real estate finance, loan servicing, or asset management.
• Experience analyzing financial, operational, or insurance-related data and preparing reports for business stakeholders.
• Knowledge of governance frameworks, internal controls, and regulatory compliance within a highly regulated financial services environment.
• Experience using Microsoft Excel, enterprise systems, and reporting tools to analyze data and manage portfolio information.
• Strong analytical, organizational, and problem-solving skills with exceptional attention to detail.
• Excellent written and verbal communication skills with the ability to collaborate across cross-functional teams.
• Demonstrated curiosity and adaptability in learning and responsibly applying emerging technologies, including artificial intelligence, to improve business processes, reporting, and analytical capabilities.