JP Morgan Chase

Runs a consumer bank and an investment bank

Insurance Service Analyst

InsurancePosted on Nov 9

Full-timeNo salary listedIn-person

About the Job

Requirements

Three or more years of experience in insurance servicing, with a focus on reviewing assets and collateral for appropriate coverage.
Property claims experience reviewing claim files, coverage determinations, policy interpretation, subrogation and salvage awareness, and documentation standards.
Property underwriting experience assessing risk, occupancy, construction, and protection; evaluating limits and deductibles; and working with endorsements such as mortgagee or loss payee, waiver of subrogation, and blanket coverage.
Demonstrated proficiency in analyzing and reporting on the quality and timeliness of insurance servicing activities.
Proven ability to identify trends and root causes of errors in insurance servicing, and propose effective solutions.
Advanced skills in strategic planning and time management, with a track record of driving continuous improvement in lending services.
Proficiency in conflict management, with experience liaising with various departments and external vendors to ensure compliance with policies and procedures.

Responsibilities

Conduct comprehensive reviews of assets and collateral to ensure appropriate insurance coverage, using knowledge of insurance servicing and lending services.
Analyze and report on the quality and timeliness of insurance servicing activities, identifying trends and root causes of errors to enhance servicing guidelines.
Collaborate with internal departments and external vendors to ensure compliance with policies and procedures.
Prioritize and manage tasks effectively to drive continuous improvement in lending services.
Contribute to the development and implementation of process improvements.

Desired Qualifications

Proficiency in leveraging artificial intelligence and machine learning to enhance insurance processes and improve decision-making capabilities.
Commercial property experience.
Experience overseeing project management activities to ensure timely and successful delivery.
Ability to build and influence relationships, with written, oral, and interpersonal communication skills.
Ability to identify opportunities for process enhancements and implement best practices.

Be part of JPMorgan Chase’s Wholesale Lending Services group! Join our Central Insurance Team and be the compliance expert we're looking for.

As an Insurance Service Analyst within JPMorgan Chase, you will play a pivotal role in ensuring the quality and timeliness of insurance servicing activities. Your expertise in reviewing assets and collateral for appropriate insurance coverage will be crucial in maintaining the integrity of our loan portfolio. You will be expected to identify trends, root causes of errors, and propose solutions to enhance our servicing guidelines. Your proficiency in conflict management and critical thinking will be key in liaising with various departments and external vendors, ensuring compliance with policies and procedures. Your advanced strategic planning and time management skills will enable you to effectively prioritize tasks, manage change, and drive continuous improvement in our lending services.

Job responsibilities

Conduct comprehensive reviews of assets and collateral to ensure appropriate insurance coverage, utilizing advanced knowledge of insurance servicing and lending services.
Analyze and report on the quality and timeliness of insurance servicing activities, identifying trends and root causes of errors to enhance servicing guidelines.
Collaborate with internal departments and external vendors to ensure compliance with policies and procedures, leveraging proficient conflict management skills.
Prioritize and manage tasks effectively, utilizing advanced time management and strategic planning skills to drive continuous improvement in lending services.
Contribute to the development and implementation of process improvements, utilizing problem-solving skills and a keen attention to detail.

Required qualifications, capabilities, and skills

Three or more years of experience in insurance servicing, with a focus on reviewing assets and collateral for appropriate coverage.
Property Claims experience reviewing claim files, coverage determinations, policy interpretation, subrogation/salvage awareness, and documentation standards.
Property Underwriting experience assessing risk/occupancy/construction/protection, evaluating limits/deductibles, and working with endorsements (e.g., mortgagee/loss payee, waiver of subrogation, blanket coverage).
Demonstrated proficiency in analyzing and reporting on the quality and timeliness of insurance servicing activities.
Proven ability to identify trends and root causes of errors in insurance servicing, and propose effective solutions.
Advanced skills in strategic planning and time management, with a track record of driving continuous improvement in lending services.
Proficient in conflict management, with experience in liaising with various departments and external vendors to ensure compliance with policies and procedures.

Preferred qualifications, capabilities, and skills

Proficient in leveraging AI/ML to enhance insurance processes and improve decision-making capabilities.
Commercial property experience preferred
Skilled in overseeing project management activities to ensure timely and successful delivery.
Strong ability to build and influence relationships, with excellent written, oral, and interpersonal communication skills.
Capable of identifying opportunities for process enhancements and implementing best practices

About the Company

JP Morgan Chase

Runs a consumer bank and an investment bank

JPMorgan Chase runs the largest bank in the United States, which serves households and small businesses as Chase and large companies, governments, and investors as J.P. Morgan. During the 2008 financial crisis it bought the failing investment bank Bear Stearns and lender Washington Mutual, and in 2023 it took over First Republic Bank after regulators seized it. Chase takes deposits and earns interest on credit cards, mortgages, and car loans, while the investment side earns fees for advising on mergers, raising money for companies, trading stocks and bonds, and managing wealth. Formed in a 2000 merger, JPMorgan Chase traces its roots to 1799 and is based in New York City.

Company size: 10,001+
Company stage: IPO
Headquarters: New York City, New York
Founded: 1799

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