What are the responsibilities and job description for the Capital Markets Insurance Specialist position at Regions?
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Capital Markets Insurance Specialist works within the Real Estate Capital Markets Project Finance Group (RECMPF) to ensure timely setup of insurance escrow items and disbursement of funds, and works with agents, borrowers and brokers to ensure compliant coverage is in place as required by investors.
The RECMPF Group is housed within the Capital Markets Group of Regions Bank and provides client-specific off-balance sheet financing solutions through its various Agency Products – Fannie Mae, Freddie Mac, and HUD.
Primary Responsibilities
Reviews Insurance policies at time of renewal to confirm compliant coverage is in place based on investor’s insurance requirements
Performs reviews of insurance certificates, policies, statement of values and invoices to determine compliance with Investor guidelines
Works with insurance agents/brokers and borrowers to rectify non-compliant coverage issues
Disburses escrow funds for timely payment of insurance premiums
Performs annual insurance escrow analysis
Monitors insurance premium funds for shortages and contact borrowers as appropriate
Timely and accurately boards new loans into the servicing system as it pertains to insurance escrow items
Researches and resolve insurance related borrower inquiries
Identifies and communicates insurance related issues and trends
Resolves insurance exception items within specified time frames
This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.
This position is incentive eligible.
Requirements
Two (two) years of insurance experience, including commercial property insurance experience
Skills and Competencies
Ability to work in a fast-paced environment with strict deadlines
Ability to work independently and responsibly with little supervision and instruction, but also work well in a team-oriented environment
Clear knowledge of Commercial Insurance Coverage –Property, (including Flood, Wind, Earthquake and Terrorism, etc.) and liability
Demonstrated business and professional writing skills
Excellent oral communication and customer service skills
Proficient with Microsoft Office, including Excel and Word
Strong math and analytical skills
Strong analytical skills with high attention to detail and accuracy
Strong organizational, time management, and prioritizing skills
This position will require daily (M-F) on-site attendance at our downtown Pasadena office.
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $54,697.50 USD
Median: $67,005.90 USD
Incentive Pay Plans: This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Playhouse Plaza
Location: Pasadena, California
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where all people can do their best work and thrive is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Capital Markets Insurance Specialist works within the Real Estate Capital Markets Project Finance Group (RECMPF) to ensure timely setup of insurance escrow items and disbursement of funds, and works with agents, borrowers and brokers to ensure compliant coverage is in place as required by investors.
The RECMPF Group is housed within the Capital Markets Group of Regions Bank and provides client-specific off-balance sheet financing solutions through its various Agency Products – Fannie Mae, Freddie Mac, and HUD.
Primary Responsibilities
Reviews Insurance policies at time of renewal to confirm compliant coverage is in place based on investor’s insurance requirements
Performs reviews of insurance certificates, policies, statement of values and invoices to determine compliance with Investor guidelines
Works with insurance agents/brokers and borrowers to rectify non-compliant coverage issues
Disburses escrow funds for timely payment of insurance premiums
Performs annual insurance escrow analysis
Monitors insurance premium funds for shortages and contact borrowers as appropriate
Timely and accurately boards new loans into the servicing system as it pertains to insurance escrow items
Researches and resolve insurance related borrower inquiries
Identifies and communicates insurance related issues and trends
Resolves insurance exception items within specified time frames
This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.
This position is incentive eligible.
Requirements
Two (two) years of insurance experience, including commercial property insurance experience
Skills and Competencies
Ability to work in a fast-paced environment with strict deadlines
Ability to work independently and responsibly with little supervision and instruction, but also work well in a team-oriented environment
Clear knowledge of Commercial Insurance Coverage –Property, (including Flood, Wind, Earthquake and Terrorism, etc.) and liability
Demonstrated business and professional writing skills
Excellent oral communication and customer service skills
Proficient with Microsoft Office, including Excel and Word
Strong math and analytical skills
Strong analytical skills with high attention to detail and accuracy
Strong organizational, time management, and prioritizing skills
This position will require daily (M-F) on-site attendance at our downtown Pasadena office.
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $54,697.50 USD
Median: $67,005.90 USD
Incentive Pay Plans: This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Playhouse Plaza
Location: Pasadena, California
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where all people can do their best work and thrive is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Salary : $54,698 - $67,006
