Collateral Insurance Administrator II

Bank of America; Plano (TX); On-site; USD 60,000 - 90,000; Full time

Job summary

Bank of America is seeking a Collateral Insurance Administrator II to manage collateral, insure compliance, and maintain accurate systems of record for loan portfolios. You will review collateral, determine insurance requirements, monitor coverage, and coordinate lender-placed insurance activities with internal partners.

The role requires strong analytical skills, attention to detail, and the ability to manage multiple priorities in a fast-paced environment.

Qualifications

• High School Diploma or equivalent required.
• Experience inReal Estate Lending Operations or Property & Casualty insurance preferred.
• Strong attention to detail and ability to interpret documents.

Responsibilities

• Review collateral records and determine insurance requirements.
• Monitor insurance coverage for loan portfolios for compliance.
• Coordinate lender-placed insurance (LPI) activities and renewals.

Skills

Attention to Detail

Customer Focus

Legal Knowledge

Prioritization

Data Entry

Oral Communications

Written Communications

Quality Assurance

Risk Management

Education

High School Diploma

Tools

Microsoft Excel

Outlook

Teams

Job description

Bank of America is seeking a Collateral Insurance Administrator II to manage collateral, insure compliance, and maintain accurate systems of record for loan portfolios. You will review collateral, determine insurance requirements, monitor coverage, and coordinate lender-placed insurance activities with internal partners.

The role requires strong analytical skills, attention to detail, and the ability to manage multiple priorities in a fast-paced environment.