Commercial Loan Insurance Specialist

First Busey Corporation Champaign , IL 61822

Posted 6 days ago

Schedule

  • Monday
  • Friday 8:00am

  • 5:00pm

Duties/Responsibilities

  • Serve as primary liaison with third party vendor for insurance policy tracking and renewals - working closely with Lenders and Loan Coordinators.

  • Locate and review documents as needed to complete a thorough insurance audit (certificates or insurance, insurance binders, flood declaration pages, certificates, flood map changes, appraisals, property condition reports, loan documents.),

  • Monitor pending force placed insurance reports from third party vendor to ensure validity.

  • Reconcile billing from third party vendor and process loan advances and refunds as appropriate.

  • Prepare monitoring reports for pending insurance cancelations and distribute to Lenders and Loan Coordinators.

  • Assist with post-closing duties and responsibilities.

Education

  • Requires High School diploma; continuing education preferred.

  • Requires 2 or more years experience in commercial collateral ordocumentation.

  • Requires understanding of commercial loan documentation and regulatoryrequirements to ensure integrity of bank's legal documents and lien position.

  • Requires knowledge of Microsoft Office and other bank proprietary systems.

Qualifications

Knowledge of:

  • Strong oral and written communication skills

  • Federal regulations

Ability to:

  • Multi-task and work independently

  • Analyze and solve problems for which there are not precedents

  • Perform duties and make decisions under frequent time pressures

EOE of Minorities/Females/Vets/Disability


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Commercial Loan Insurance Specialist

First Busey Corporation