Real Estate Property Insurance Risk Analyst

We are open to considering May 2024 and earlier college graduates for a Real Estate Property Insurance Risk Analyst opportunity - based in Cedar Rapids, IA.

Aegon Asset Management (Aegon AM) is a leading global investor. Our 385 investment professionals manage and advise on assets of US $337 billion for a global client base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations. 

We organize our firm around four investment platforms: fixed income, real assets, equities and multi-asset & solutions, which includes a fiduciary and multi-manager business. Each investment platform has dedicated teams with deep asset-class expertise, organized globally and committed to maximizing client benefit from their specialist areas.

We are an international business: Our 1,170 employees work from 13 locations across Europe, the Americas and Asia. We share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment. 

Position Overview: 

The successful candidate will primarily be responsible for property and liability insurance risk analysis for mortgage loan assets, tax credit and equity assets.

Responsibilities:

• Responsible for analysis, negotiation with operating partners, borrowers, risk managers, property managers, and other external decision makers, and approval of insurance contracts in form, limits, and policy type appropriate to each risk at the time of origination and upon annual insurance renewal for multiple asset classes.
• Recommend insurance coverage policies, procedures, and standards used to evaluate and service insurable risks. Advise management of risk management trends and legislative changes in the P&C insurance industry and recommend changes to Aegon Asset Management's insurance requirements/policies and procedures, and responsible for implementing and maintaining insurance requirements.
• Manage claims/remediation process for reconstruction of property casualty losses resulting from natural or other disasters.
• Manage lender's escrow reserve accounts and process for ensuring borrower's compliance with lender's requirements for disbursements to borrower.
• Evaluate property insurance on properties or loans acquired through acquisitions and negotiate with partners, borrowers, and risk managers to bring property insurance into compliance with current practices and in accordance with applicable governing documents.
• Understanding of technical P&C insurance concepts for multiple property types and geographic locations.
• Understanding of complex construction components and real estate occupancies.

Required Qualifications:

• Bachelor's degree or equivalent experience with some work exposure in P&C insurance.
• Knowledge of P&C insurance contract law and policy contracts.
• Some knowledge of joint venture agreements, loan documents, leases, surveys, appraisals, property management agreements and replacement cost estimates.

Preferred Qualifications:

• 2+ years of experience in property and casualty (P&C) insurance field
• Working towards licensed personal and commercial lines insurance professional.
• Knowledge of real estate construction.

Job and compensation levels depend upon an applicant’s qualifications including the extent of candidate’s relevant experience and other job-related factors and will be determined by hiring supervisors/managers and HR.

At Aegon Asset Management, we are committed to fostering a diverse workforce and an inclusive culture. We are more than a global Asset Management firm – we are a people business, and we recognize that delivering excellent client outcomes comes from embracing diverse perspectives. We value diversity in the full range of human uniqueness without limitation including race, gender, ability, language, culture, beliefs, age, origin, background, perspectives and experiences.