Insurance and Collateral Tracking Specialist II
On-sitePearl, Mississippi, United States
Job Summary
Track flood, hazard, and wind insurance coverage on Retail Bank loans secured by real and personal property in accordance with federal regulations and Trustmark policies. Force place insurance coverage through third-party vendors while reviewing finance company contracts and preparing UCC3 continuation forms. Maintain collateral document ticklers for multiple states using compliance laws and internal policies to ensure regulatory adherence. Assist internal and external customers with account inquiries regarding collateral documents and insurance coverage. Perform additional duties as assigned while managing multiple tasks with little supervision.
Required Qualifications
- High school education
- At least four to five years of experience working with insurance coverage processes and policies for hazard, wind or flood insurance
- Previous bank experience related to collateral document knowledge procedures
- Intermediate skills associated with the following computer software system: Word and Excel
- Extensive knowledge of flood insurance regulatory requirements related to retail bank real estate & SBA loans
- Fundamental knowledge of insurance practices related to hazard & wind insurance coverage for retail bank loans
- Strong knowledge of financial services with a focus on loan/insurance products, data systems, and insurance processes
- Loan documentation knowledge for use when determining required flood coverage amounts (Ex. appraisals, final titles)
- Firm computer skills (Word and Excel Test Required)
- Ability to manage multiple tasks with little or no supervision
- Ability to work independently or with a team to accomplish work requirements
- Excellent customer service skills
- Excellent communication skills
- Proficient ability to research and analyze loan and insurance information to ensure compliance with federal regulations
- Must be detail oriented and organized
- Must be able to sit or stand for long periods of time and use computer keyboard and/or mouse, while viewing computer screens
- Must be able to lift at least 20 pounds in order to process boxed or bagged coins
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