Job Description

• On a daily basis, process and file insurance agreements and/or certificates to ensure appropriate insurance coverage for collateral and that ongoing tracking is begun.   If insurance coverage is not to be put in place, the appropriate waivers must be obtained.
• As the situation arises, begin force-placement procedures for hazard and flood insurance.   This process involves notification of the loan officers and customers.   If adequate insurance is not obtained, our insurance vendor is contacted to force-place the necessary coverage to protect the bank’s collateral interests.
• Process full and/or earned premium refunds resulting from loan payoffs or the receipt of customer provided insurance coverage.
• Work with loan officers and insurance companies in the event that a claim must be filed.
• Perform daily and yearly escrow duties.   This could include the production or review of escrow analysis statements, payment of city/county taxes and insurance premiums.
• Handles Credit Life Insurance-balancing and remitting payment.
• Understands and comply with bank policy, laws, regulations as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.

• To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• High School diploma or GED required
• Demonstrated ability to learn complex information rapidly, i.e., loan compliance regulations and documentation requirements  
• Documentation Preparation experience is a plus  
• Proficient in Microsoft Office Suite, Outlook and other similar applications
• Demonstrated working knowledge of loan documentation and document retention
• Demonstrated commitment to accuracy and attention to detail. 
• Good organizational skills.