Loan Operations Insurance Specialist
About The Position
The Loan Operations Insurance Specialist is responsible for administering, monitoring, and ensuring compliance with all hazard insurance-related requirements associated with the Bank's loan portfolio. This position serves as a critical control function within the Loan Operations Department by ensuring borrower insurance coverage meets regulatory requirements, investor guidelines, and Bank policies. The Loan Operations Insurance Specialist works closely with lenders, loan assistants, borrowers, insurance providers, and third-party vendors to mitigate risk, maintain collateral protection, and support regulatory compliance across commercial, consumer, residential mortgage, and agricultural lending portfolios.
Requirements
- Associate's degree or Bachelors degree in Business, Finance, Accounting, Insurance, Risk Management, or related field preferred. Equivalent combination of education and banking experience may be considered.
- Minimum of 3-5 years of experience in banking, loan operations, insurance administration, loan servicing, compliance, or a related field.
- Experience with commercial and consumer loan documentation preferred.
- Strong understanding of loan collateral and insurance requirements.
- Knowledge of federal banking regulations related to insurance and collateral protection.
- Ability to analyze insurance policies and determine compliance with lending requirements.
- Strong attention to detail and organizational skills.
- Excellent written and verbal communication skills.
- Ability to prioritize multiple tasks and meet deadlines.
- Professional judgement and discretion.
- Proficiency in Microsoft Office Suite, including Excel, Word, and Outlook.
- Experience with loan servicing systems, document imaging systems, and insurance tracking platforms preferred.
- Strong problem-solving and analytical abilities.
- Ability to maintain confidentiality and exercise sound judgment.
- Satisfactory Credit Bureau Report
Nice To Haves
- Associate's degree or Bachelors degree in Business, Finance, Accounting, Insurance, Risk Management, or related field.
- Experience with commercial and consumer loan documentation.
- Experience with loan servicing systems, document imaging systems, and insurance tracking platforms.
Responsibilities
- Administering, monitoring, and ensuring compliance with all hazard insurance-related requirements associated with the Bank's loan portfolio.
- Ensuring borrower insurance coverage meets regulatory requirements, investor guidelines, and Bank policies.
- Working closely with lenders, loan assistants, borrowers, insurance providers, and third-party vendors to mitigate risk, maintain collateral protection, and support regulatory compliance across commercial, consumer, residential mortgage, and agricultural lending portfolios.
Benefits
- Core values at work each day with your Head, Heart, Hands and Feet.
- Strict standard of confidentiality involving all transactions.
- Quality service to all customers.
- Team-oriented attitude with a desire to see success in themselves and others.
- Working knowledge of all bank products.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
