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Insurance and Collateral Tracking Specialist I

Insurance and Collateral Tracking Specialist I

Job ID 
Posted Date 
Loan Operations
Regular Full-Time
Job Grade 
FLSA Status 
Working Hours 
Job Location: Company 
Loan Operations - 0037

More information about this job


The primary purpose of this job is to track hazard and wind insurance coverage on loans secured by real and personal property in accordance with internal policies and to track collateral ticklers on retail bank loans according to state and federal laws.


  • Track hazard and wind insurance coverage on Retail Bank loans secured by real and personal property according to internal bank policy
  • Track collateral ticklers for multiple states in accordance to state and federal laws and bank policies
  • Force place hazard insurance coverage according to internal bank policies through a third party vendor
  • Review and file finance company contracts; prepare UCC3 continuation forms
  • Utilize compliance, government laws and regulations, and internal policy to load and maintain ticklers for multiple states
  • Assist internal and external customers with account inquiries pertaining to collateral documents and hazard and wind policies


  • Fundamental knowledge of insurance practices related to hazard & wind insurance coverage for retail bank loans
  • General knowledge of financial services with a focus on loan/insurance products, data systems, insurance processes, and compliance and procedures to ensure accurate documentation
  • Loan documentation knowledge for use when determining required flood coverage amounts (Ex. appraisals, final titles)

  • Firm computer skills (Word Test Required)
  • Time management skills to prioritize workload
  • Ability to work independently or with a team to accomplish work requirements
  • Good customer service skills
  • Good communication skills
  • Ability to analyze loan and insurance coverage information to ensure compliance with federal regulations
  • Must be detail oriented and organized

  • High School education and Two (2) years’ experience with collateral document knowledge required

  • Experience with insurance coverage processes and policies for hazard and wind preferred

  • Experience resulting in basic skills associated with the following computer software system: Word