Commercial Loan Post Closing Review Specialist

Busey Bank • Creve Coeur, KS

9h

About The Position

The Commercial Loan Post Closing Review Insurance Specialist is part of the Post Closing Team in the Commercial Service Support Department. The position is primarily responsible for insurance policy tracking and insurance collateral monitoring, and assists with collateral document research for internal and external audits. The role serves as the primary liaison with a third-party insurance vendor and works with Lenders and Loan Coordinators on inadequate insurance and forced-placed insurance matters. It also supports document retrieval, imaging, insurance covenant exception tracking, regulatory compliance, and special projects.

Requirements

• High school diploma required.
• Knowledge of various lending regulations.
• Strong organizational skills.
• Strong oral and written communication skills.
• Ability to multitask and work independently.
• Ability to analyze and solve problems for which there are no precedents.
• Ability to perform duties and make decisions under frequent time pressures.
• Knowledge of Microsoft Office, including Word and Excel, and Adobe.

Nice To Haves

• Continuing education preferred.
• Minimum 1–2 years of experience in commercial insurance or documentation preferred.
• Knowledge of other bank proprietary systems is helpful.

Responsibilities

• Serve as the primary liaison with the third-party insurance vendor.
• Retrieve requested documentation from the Bank’s imaging system or other third-party insurance vendor.
• Communicate with Lenders and Loan Coordinators regarding inadequate insurance and forced-placed insurance.
• Maintain the vendor’s forced-placed insurance report and daily reports, and handle additional inquiries.
• Image insurance documents into the Bank’s imaging system for the Commercial Lending Division.
• Create, remove, and update exception items for insurance covenant tracking.
• Collaborate on insurance document research for internal and external audits.
• Comply with federal, state, and local regulatory rules and regulations governing financial institutions, as well as company policies and procedures.
• Assist with special projects and other duties as assigned.

Benefits

• 401(k) match
• Profit sharing
• Employee stock purchase plan
• Paid time off
• Medical insurance
• Dental insurance
• Vision insurance
• Company-paid life insurance
• Long-term disability
• Supplemental voluntary life insurance
• Short-term disability
• Wellness incentives
• Employee assistance program
• Pre-tax health savings accounts for eligible associates
• Flexible spending accounts for eligible associates
• The role may be eligible for bonuses or incentives based on company and individual performance.

What This Job Offers

• Job Type: Full-time
• Education Level: High school or GED