VP, Corp Insurance - Pennymac

PENNYMAC:

Pennymac is (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

A Typical Day:

The Vice President, Corporate Insurance is responsible for supporting the activities required for an effective Corporate Insurance Program.

 

The Vice President, Corporate Insurance will:

• Provide effective support of the Corporate Insurance Program and effective management of assigned sub-tasks across:
  ○ Risk Identification / Assessment;
  ○ Broker Strategy;
  ○ Policy Coverage Limits / Exclusions / Premiums;
  ○ Annual Program Administration Calendar and Milestones;
  ○ Program Budget & Allocation;
  ○ Program and Specialized Coverage Expense Management;
  ○ Coverage Research, Placements and Renewals;
  ○ Coverage Document Inventory (Binders, Policies, Evidence, Invoices)
  ○ Annual Professional Liability Carrier Presentation;
  ○ Quarterly Compliance Reporting;
  ○ Annual and Ad Hoc Examinations and Due Diligence;
  ○ Internal Reporting (Management Risk Committee and Board(s));
  ○ Claims Administration;
  ○ Enterprise Counterparty Support;
  ○ Maintenance of associated Policies and Procedures (P&Ps);
  ○ Insurance Broker Request for Proposal (RFP) process, as required and scheduled
• Manage Certificate of Insurance (COI) requests and vendor COI requirements
• Manage Quarterly Coverage Requirements Analysis
• Manage Statement of Value (SOV) activities required for policy renewal activities
• Manage invoices, payments and tracking
• Perform other assigned duties as required
• Demonstrate behaviors which are aligned with the organization’s desired culture and values
  

What You’ll Bring:

• Bachelor’s degree from an accredited college or university, required. Degree in risk management, STEM (Science, Technology, Engineering and Math), accounting, finance, economics, business administration, or related field, preferred
• Post-graduate degree in business administration, preferred
• 2+ years of relevant experience with corporate insurance programs with an corporate insurance carrier or corporate insurance broker, or 5+ years of relevant experience as a corporate insurance customer, required
• Insurance experience in financial services or mortgage banking, strongly preferred
• 10+ years of combined experience in project management, strategic planning, management consulting, and/or corporate insurance management, strongly preferred
• Soft Skills: strong written and verbal communication, organized and structured, accountability, professionalism, consistent attention to detail, collaborative, business acumen, well-developed emotional intelligence, curious, comfortable with ambiguity, quick learner, analytical, efficiency focus, process and continuous improvement oriented, and strong presentation development skills
• Broad familiarity with mortgage banking, preferred
• Formal project management experience, strongly preferred
• Extensive experience and strong skills using MS Office (Word, Excel, PowerPoint) and/or Google Suite products (Docs, Sheets, Slides), required.

Why You Should Join:

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. 

Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported. 

 

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include: 

• Comprehensive Medical, Dental, and Vision
• Paid Time Off Programs including vacation, holidays, illness, and parental leave 
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
• Retirement benefits, life insurance, 401k match, and tuition reimbursement 
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
• We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities.

To learn more about our benefits visit: 

https://pennymacnews.page.link/benefits

 

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

• Lower in range - Building skills and experience in the role
• Mid-range - Experience and skills align with proficiency in the role 
• Higher in range - Experience and skills add value above typical requirements of the role 

 

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.

Salary:$95,000 - $155,000Work Model:OFFICE