b1BANK
Join to apply for the Insurance Specialist role at b1BANK .
Summary
This individual will be responsible for tracking and monitoring insurance on various types of collateral as required by bank policy and federal/state regulations. Additionally, this individual will serve as a liaison between the bank, insurance companies, and third-party insurance tracking vendor(s).
Specific Job Duties
- Monitor and process incoming insurance documents received by the bank.
- Transmit insurance documents via secure file transfer to the banks insurance tracking vendor.
- Work with insurance companies to verify continuation of insurance coverage.
- Collaborate with banking staff to resolve insurance tracking issues.
- Address non-coverage or deficient coverage issues.
- Review insurance tracking reports provided by the banks insurance tracking vendor.
- Produce payment change notification letters when forced-placed insurance policies are issued.
- Assist with processing of force-placed premiums.
- Process force-placed premium refunds.
- Assist with policy premium payments on escrowed loans.
- Assist with annual property tax research and payments.
Job Requirements
- Associates or Bachelors Degree in Business or Finance-related field; or 2 years of loan operations experience.
- Understanding of loan application policies, procedures, and documentation required by federal and state regulations.
- Knowledge of insurance documents (policies, applications, etc.).
- Experience in Loan Operations or the insurance industry.
- Strong interpersonal, organizational, and time management skills.
- Proficiency in computer applications, especially Microsoft Word and Excel.
Additional Information
- Seniority level: Entry level
- Employment type: Full-time
- Job function: Other
- Industry: Banking
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