What are the responsibilities and job description for the Collateral Insurance Specialist position at State Bank of Texas?
Collateral Insurance Specialist
The Insurance Specialist is responsible for processing tasks such as monitoring insurance vendors and responding to internal and external customers regarding insurance inquires.
Responsibilities:
- Maintains the workflow volume for hazard and flood insurance.
- Reviews insurance tracking vendor reports daily, processes daily insurance mail and updates the vendor tracking, and contacts insurance companies directly for renewal policies, if necessary.
- Ensures that insurance vendor is processing the insurance renewal policies.
- Processes all escrowed insurance accounts to ensure renewal policies are paid in a timely manner.
- Handles escalated loan level insurance issues and provides departmental research assistance as required to support client inquires.
- Works with management to ensure that internal and external audits are completed timely and accurately.
- Ensures that force placed insurance is placed by the insurance tracking vendor.
- Tracks and provides information on conversations with customers and status of all outstanding items.
- Performs updates on the exception system upon receipt of insurance policies.
- Performs other job-related duties or special projects as assigned.
Minimum Qualifications:
- High school diploma or equivalent.
- 1-3 of commercial insurance experience.
- Knowledge or experience with Fiserv and Doc Links a plus.
- Proficient in Microsoft Office Applications.
We are an Equal Opportunity Employer
About us:
State Bank of Texas is a privately owned, independent bank specializing in lending solutions for the hospitality industry. State Bank of Texas is committed to providing personal partnerships with their customers, timely loan decisions, and convenient up to date technology for their customer.
