Credit Products Flood Insurance Specialist- CBG Operations

Regions Bank•Birmingham, AL

33d

About The Position

At Regions, the Credit Products Flood Insurance Specialist will be responsible for assessing and validating Make, Increase, Renewal or Extension (MIRE) events in the Corporate Banking Group for adequate flood insurance in accordance with the Flood Disaster Protection Act (FDPA). Each event is reviewed for completion and accuracy of flood due diligence in a fast pace, regulatory and compliance-focused, production environment.

Requirements

High School Diploma or GED
Five (5) years of related loan documentation and processing experience
Proficient knowledge of flood insurance requirements
Ability to meet deadlines and prioritize work
Detail oriented
Good analytical and problem-solving skills
Good organizational and communication skills
Knowledge of flood compliance guidelines and regulations
Knowledge or sales contracts, appraisals, and applications
Strong knowledge of the business

Nice To Haves

Bachelor’s Degree
Previous experience working with flood insurance in accordance with the Flood Disaster Protection Act (FDPA)

Responsibilities

Manages and completes flood due diligence items in a timely and accurate manner
Works with system of record to ensure accuracy
Obtains and evaluates all relevant information used in completing Flood Zone Determinations
Calculates and determines adequate flood insurance coverage requirements
Validates proper life of loan monitoring is in place for correct client
Acts as the main point of contact on flood insurance and coverage requirements
Evaluates claim research performed in response to borrower submissions by following established processes and procedures and includes reviews of client histories, imaged documents and information available from systems of record and other sources
Serves as an emerging subject matter expert on flood regulations
Establishes partnership with line of business associates and consults on issues related to flood regulations
Conducts research of laws and regulation that impact the business
May work on basic projects with assistance and oversight of senior staff