The posting
Position Summary
The Commercial Loan Post Closing Review Insurance Specialist is part of the Post Closing Team in the Commercial Service Support Department. This position is primarily responsible for insurance policy tracking and insurance collateral monitoring. This position assists with collateral document research for audits, both internal and external.
Duties & Responsibilities
- Serve as the primary liaison with our third-party insurance vendor
- Retrieve any requested documentation from Bank’s imaging system or other third-party insurance vendor
- Communicate with Lenders and Loan Coordinators regarding inadequate insurance and forced placed insurance
- Maintain forced placed insurance report from vendor, maintain daily reports, and handle any additional inquiries
- Responsible for imaging insurance documents into the Bank’s imaging system for the Commercial Lending Division
- Creating, removing, and updating any exceptions items for insurance covenant tracking
- Collaborate with insurance document research for internal and external audits
- Comply with all federal, state, and local regulatory rules and regulations governing financial institutions, as well as company policies and procedures
- Assists in special projects and other duties as assigned
Education & Experience
Knowledge of:
- Various lending regulations
- Strong organizational skills
- Strong oral and written communication skills
Ability to:
- Multi-task and work independently
- Analyze and solve problems for which there are not precedents
- Perform duties and make decisions under frequent time pressures
Education and Training:
- Requires High School diploma; continuing education preferred
- Minimum 1-2 years experience in commercial insurance or documentation preferred
- Requires knowledge of Microsoft Office – Word, Excel, and Adobe. Other bank proprietary systems helpful
Every day, our associates live Busey’s core values, doing better business, building stronger relationships and creating thriving communities—while delivering meaningful value to shareholders.
Compensation and Benefits
Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.
(Base Pay Range: $21 - $26/hr)
Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.
Equal Opportunity
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering extraordinary excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.
Unsolicited Resumes
Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.
