Insurance & Escrow Specialist

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.

FirstBank does not accept unsolicited resumes from agencies and staffing firms. Recruitment agencies and consultants may not submit resumes directly to managers. FirstBank will not pay fees to any third-party agency or company that does not have a signed agreement as an approved vendor.


FirstBank in an Equal Opportunity Employer, including disability.