The Community Preservation Corporation

Compensation

Full Description

About Us: The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974. Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy. As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration. Role Summary: The Senior Insurance Specialist will play a vital role in managing and optimizing insurance processes and help us identify, assess, and mitigate potential risks for our organization. The position requires a deep understanding of insurance policies, financial institutions, strong analytical skills, and the ability to communicate and collaborate with various departments to ensure compliance and efficiency. The successful candidate will provide insurance administration and servicing support. What You’ll Do: Review and validate insurance requirements for permanent and construction loans to ensure compliance with lender guidelines and contractual obligation to support on time closings. Analyze borrower-provided insurance certificates, policies, binders, and endorsements for adequacy of coverage, limits, and proper naming; identify gaps and communicate corrective actions to borrowers and brokers. Verify mortgagee clauses, additional insured endorsements, and other required provisions. Consult with internal stakeholders to gather loan information and mitigate exposures. Assist in contract review and recommend insurance provisions to align with insurance risk management standards. Track and process departmental billings, payments, and insurance documentation throughout the loan lifecycle. Prepare insurance exception requests, loss summaries, and management reports. Conduct document retrieval, data management, and research to support portfolio-level activities. Deliver training sessions to educate staff on insurance policies, procedures, and best practices. Stay current on industry trends, regulatory changes, and emerging risks impacting insurance programs. Perform additional duties as assigned. Skills and Experience: 3-5 years of experience in risk management, broker, carrier or underwriting. A bachelor's degree in risk management, finance, business administration, insurance, or a related field. Professional certifications (e.g., ARM, CPCU, CRM) are preferred but not required. Working knowledge and understanding of property and casualty insurance and claims management. Expertise in Microsoft Office Suite. Excellent interpersonal, verbal, and written communication skills. Strong analytical and quantitative skills to process and interpret complex data. Effectively manages/balances multiple and sometimes competing priorities. What We Offer: Competitive compensation 401(k) retirement plans with employer match Medical, dental, and vision benefits for employees and their dependents Commuter benefits PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability Tuition assistance program Two “work from anywhere” weeks per year Summer Fridays Collaborative working spaces Service days to support our communities Employee development and engagement events More about our offerings and culture here This is a hybrid role where you will work from the Manhattan office two – three days a week. The salary range is $85,000 – $100,000, dependent on experience. Applicants must be authorized to work in the United States. The Community Preservation Corporation does not provide employment sponsorship of any kind. Candidates are responsible for ensuring they meet all minimum qualifications for the position at the time of application. The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.