BL Regulatory Review Rep

U.S. Bank; Chennai; On-site; INR 350,000 - 470,000; Full time

Job summary

U.S. Bancorp India is seeking an Insurance Monitoring Review Specialist to oversee insurance-related records, ensure policy compliance, and track coverage information.

The role requires analytical skills, attention to detail, and knowledge of insurance processes and regulatory requirements. Responsibilities include monitoring policies, reviewing documents, identifying gaps, maintaining tracking systems, and generating compliance reports.

Qualifications

• 2-3 years of relevant experience in insurance monitoring or related processing.
• Strong attention to detail and data accuracy is essential.
• Ability to analyze information, identify gaps, and communicate findings clearly.

Responsibilities

• Monitor insurance policies, renewals, cancellations, and expirations for coverage continuity.
• Review policy documents for accuracy and completeness.
• Identify missing or insufficient coverage and follow up with stakeholders.
• Maintain insurance tracking systems, databases, and documentation.
• Verify coverage against contractual, regulatory, or lender requirements.
• Generate reports on coverage status and compliance issues for management.
• Coordinate with carriers, brokers, clients, and internal departments to update information.
• Track regulatory changes affecting insurance documentation and monitoring.
• Support process improvements to enhance efficiency and service quality.

Skills

Microsoft Office proficiency

Basic computer literacy

Operations, products/services, risks/ 

Laws and regulations knowledge

Analytical skills

Computer navigation (word, spreadsheet

Verbal and written communication

Job description

At U.S. Bancorp India, we’re on a journey to do our best. 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. Bancorp India 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: Insurance Monitoring Review Specialist performs activities overseeing insurance-related records, monitor policy compliance, and ensure accurate, timely tracking of coverage information. This role is responsible for reviewing insurance documentation, identifying gaps or discrepancies in coverage, maintaining up-to-date records, and communicating with internal teams, clients, carriers, or vendors as needed. The ideal candidate has strong analytical skills, excellent attention to detail, and a solid understanding of insurance processes and compliance requirements.

• Monitor insurance policies, renewals, cancellations, and expirations to ensure continuous and compliant coverage.
• Review policy documents and related records for accuracy and completeness.
• Identify missing, expired, or insufficient coverage and follow up with the appropriate parties to resolve issues.
• Maintain accurate insurance tracking systems, databases, and documentation.
• Verify coverage against company, contractual, regulatory, or lender requirements.
• Generate routine and reports on coverage status, exceptions, and compliance issues for management and stakeholders.
• Coordinate with insurance carriers, brokers, agents, clients, and internal departments to obtain updated information and resolve discrepancies.
• Track regulatory or procedural changes affecting insurance documentation and monitoring requirements.
• Support process improvements to enhance efficiency, accuracy, and service quality.

Competencies:

• Attention to Detail
• Maintains high accuracy to prevent downstream servicing or compliance issues.
• Time Management & Timeliness
• Meets daily reporting and system update deadlines while balancing accuracy.
• Process Adherence
• Consistently follows established mortgage servicing procedures and controls.
• Accountability & Ownership
• Takes responsibility for assigned updates and escalates issues appropriately.
• Analytical Review
• Identifies errors, trends, or missing data impacting modification reporting.

Skills:

• Microsoft Office proficiency
• Basic computer literacy
• Basic understanding of the associated operations, products/services, systems, and risks/controls applicable to assigned area.
• Basic understanding of applicable laws, regulations, financial services, and regulatory trends.
• Well-developed analytical skills.
• Proficient computer navigation skills, particularly word processing, spreadsheet, databases, and presentations.
• Effective verbal and written communication skills

Years of experience: 2-3 yrs of relevant years
Shift Timings – 9 AM to 6 PM IST

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.

Posting may be closed earlier due to high volume of applicants.

This is an U.S. Bancorp India posting. U.S. Bancorp India is a part of the U.S. Bank family.