Collateral Insurance Specialist at Independent Bank

Posted in Professional Services 8 days ago.

This job brought to you by Local Organization

Location: McKinney, Texas





Job Description:


Independent Bank

Requisition # 2019-3497
Location Redbud
Type Full time
Address 1600 Redbud Boulevard
# of Openings 1
City, State US-TX-McKinney

Overview

WHY INDEPENDENT BANK IS A GREAT PLACE TO WORK:



Footprint

Established, respected, and growing in Texas and Colorado.



People

Building thriving relationships and leading with a courageous heart.



Benefits

Generous 401 (k) plan, paid time off, health benefits, employee programs, and a satisfying work-life balance.



Growth

Financial stability providing competitive salaries, internal growth opportunities, and a business strategy of continuous growth.



Community

Volunteering and making a lasting impact, building strong, healthy communities.

Overview

Responsible for handling and multi-tasking all post-closing insurance (hazard, flood and auto) related requirements and obligations, while working closely with the third party insurance vendor.

Job Description


  • Process and enter all insurance items, record notes, and initiate loan changes


    • Verify policy renewals, cancelations, reinstatements, and deficiencies with agents/insurance carriers

    • Producing custom notices and distributing documentation addressing deficiencies to customers and/or lending officer


  • All customer/lender/agent insurance inquires
  • Process all unable to locate insurance, and process cross-collateralization
  • Distribution of daily and bi-weekly processing reports/notices to lending staff
  • Funding of premiums

  • Add the premium to the loans

  • Refund premium to loans


  • Obtaining additional information for loans


    • Multiple collateral percentages and/or values

    • Collateral verification

    • Flood Zones

      • Updating flood determination criteria



  • Call and communicate with customers on insurance


    • Deficiencies

    • Initiate getting flood zones corrected, if incorrect

    • Insurance verification (if needed)


  • Performs a variety of marginal duties not listed, to be determined and assigned as needed


Job Description


  • High school diploma or equivalent is required.

  • Must have a minimum of 2 years' experience in working with hazard, flood and auto insurance policy renewals, cancelations, reinstatements and deficiencies with agents and insurance carriers.

  • 2-5 years of general banking knowledge.

  • Must be proficient in Microsoft Office applications.

  • Should be self-motivated, detail oriented and able to take direction.

  • Professional demeanor, cooperative attitude, excellent organizational, analytical, verbal and written communication skills are a must.

  • Time management skills are essential.

PI110132033


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