Reporting Specialist/ Flood review

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Job Description:

This position is responsible for compliance with Flood Disaster Protection Act (FDPA) through analysis of real estate provided as collateral for loans within flood prone areas ensuring appropriate levels of flood insurance and adherence to regulatory timeframes set forth by the FDPA and Office of the Comptroller of the Currency (OCC).

Orders flood determinations and reviews to determine if the collateral is in a special flood hazard area requiring flood insurance. Utilizes collateral valuation details such as appraisals, hazard insurance policies or municipal assessments to complete Flood Calculation Worksheets to establish regulatory minimum level of flood coverage required.

Corresponds with flood determination and force place insurance vendors on a daily basis to ensure the information received is accurate and insurance coverage requirements are appropriate. Conveys insurance coverage requirements to customers, Commercial Relationship Managers and business line support to ensure protection of bank collateral and adherence to regulatory requirements.

Monitors loan collateral insurance coverage including insurance expiry dates to ensure coverage is maintained by the borrower. Researches and communicates FEMA mapping changes to customers, which may cause changes to coverage requirements. Works closely with the customer to resolve issues and validates the appropriate insurance is obtained.

Reviews cancellations and renewals for appropriate coverage in a timely manner. Follows FDPA prescribed timelines to prepare 45 day notice to customer of flood insurance coverage change or cancellation. Obtains the appropriate levels of force placed insurance when necessary, providing all regulatory notices to the customer.

Reviews monitoring reports to ensure data integrity. Creates and maintains Flood Insurance files to ensure accurate and complete records of all flood related activities and for use in compliance reviews by audit examiners.

Adheres to compliance procedures and internal/operational risk controls in accordance with any and all applicable regulatory standards, requirements, and policies.

Basic Qualifications

• High School diploma or equivalency required.
• 2 years relevant experience.

Preferred Skills/Experience

• Ability to read and interpret basic legal documents, real estate appraisals, evaluations and regulatory requirements.
• Ability to manage multiple priorities within tight deadlines and maintain a high level of accuracy in a multi task environment.
• Strong written and verbal communication skills to communicate effectively and clearly with a broad range of external clients and vendors as well as employees throughout the organization.
• Ability to remain calm, courteous and professional when handling difficult customer conversations.
• Must be able to work well in a team environment.
• Strong PC skills required, including spreadsheets, word processing and internal software. Ability to learn to use specific applications as needed.

This role is hybrid. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days. Locations postion is available are- Oshkosh, WI or Gresham, OR

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $22.50 - $30.00 - $33.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.