Insurance Specialist Job Lake Charles area,Louisiana USA,Insurance

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BANK.

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 bank’s 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 bank’s 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

Associate’s or Bachelor’s 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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