Collateral Insurance Processor

FNB Corporation; Hermitage (Mercer County); In loco; USD 55.000 - 75.000; Tempo pieno

Descrizione del lavoro

FNB Corporation in Hermitage, PA seeks a Collateral Insurance Processor to ensure protected collateralized loan portfolios through accurate administration and ongoing insurance monitoring. You will coordinate with third-party vendors, review policies and keep records up to date to meet bank policies and regulatory standards.

You will support risk management, audits, and reporting while handling inquiries and maintaining data integrity across systems.

Competenze

• Experience reviewing insurance documentation and collateral records.
• Ability to identify discrepancies and ensure compliance.
• Capable of handling multiple priorities in a high-volume setting.
• Strong written and verbal communication with vendors and partners.

Mansioni

• Insurance tracking and compliance for assigned loan portfolios.
• Identify lapses or gaps in coverage and address with approved vendors.
• Review policies, declarations, appraisals for accuracy and compliance.
• Coordinate with insurance tracking vendors and report timely updates.
• Maintain insurance data in tracking systems with current dates and limits.
• Gather documentation to support insurance claims when needed.
• Support risk management and audit activities with proper records.
• Monitor regulatory requirements and ensure policy adherence.

Conoscenze

Insurance documentation

Collateral records management

Attention to detail

Multitasking

Communication with vendors

Analytical problem solving

Proficiency with loan servicing tools

Strumenti

Insurance tracking platforms

Loan servicing systems

Descrizione del lavoro

Collateral Insurance Processor - FNB Corp### Collateral Insurance ProcessorApply: Hermitage, PA: Full time: Posted Today: 2026-02668## Primary Office Location:4140 East State Street. Hermitage, Pennsylvania. 16148.## **Join our team. Make a difference - for us and for your future.**# Collateral Insurance Processor **Position Overview** The Collateral Insurance Processor is responsible for ensuring the Bank's collateralized loan portfolio remains adequately protected through the accurate administration, monitoring, and tracking of insurance coverage. This role supports lending, loan servicing, and risk management functions by maintaining insurance compliance, coordinating with third-party insurance tracking vendors, and ensuring collateral records are complete, accurate, and in accordance with Bank policies and regulatory requirements. The position plays a critical role in mitigating collateral risk and supporting the Bank's overall risk management framework. ## Primary Responsibilities* **Insurance tracking and compliance:** Monitor hazard, flood, and other required insurance coverage for assigned loan portfolios to ensure collateral protection requirements are continuously maintained.* **Coverage review and exception management:** Identify lapses, deficiencies, or gaps in insurance coverage and take appropriate action, including initiating force-placed insurance through approved third-party vendors when necessary.* **Collateral documentation review:** Review insurance policies, declarations pages, appraisals, and related collateral documents to verify accuracy, completeness, and compliance with Bank guidelines and regulatory requirements.* **Vendor coordination:** Serve as a liaison with insurance tracking vendors by communicating policy updates, discrepancies, reporting requirements, and other collateral insurance information in a timely manner.* **Reporting and data accuracy:** Ensure third-party vendors receive complete and accurate insurance information while maintaining adherence to established reporting standards and service level expectations.* **System maintenance and recordkeeping:** Update and maintain insurance tracking systems with current coverage information, including policy limits, effective dates, expiration dates, and other relevant collateral data.* **Documentation management:** Maintain thorough electronic records and supporting documentation to facilitate audits, regulatory examinations, customer inquiries, and operational reviews.* **Claims support:** Gather, review, and analyze documentation required to support insurance claims, including policy verification, collateral valuation information, and related insurance records.* **Risk mitigation support:** Partner with lending, servicing, and operations teams to investigate and resolve insurance-related issues that may impact collateral protection or increase portfolio risk.* **Audit and regulatory compliance:** Provide documentation and reporting support for internal audits, external examinations, compliance reviews, and risk management assessments.* **Regulatory monitoring:** Maintain awareness of collateral insurance requirements, including federal flood regulations, insurance compliance standards, and applicable Bank policies and procedures.* **Process improvement and departmental support:** Participate in departmental initiatives, workflow enhancements, special projects, testing activities, and other duties as assigned. ## What We're Looking For* Experience reviewing, tracking, or administering insurance documentation, loan collateral records, or loan servicing activities.* Strong attention to detail with the ability to identify discrepancies, exceptions, and compliance concerns within insurance and collateral documentation.* Ability to manage multiple priorities while maintaining accuracy in a high-volume operational environment.* Strong organizational, analytical, and problem-solving skills.* Effective written and verbal communication skills with the ability to interact with vendors, internal business partners, and customers professionally.* Proficiency with loan servicing systems, insurance tracking platforms, and standard business applications.* Ability to maintain confidential information and adhere to regulatory and compliance requirements. ## Risk & Compliance Responsibilities* Accountable for managing risk associated with assigned responsibilities by understanding, identifying, escalating, and mitigating potential risks in accordance with F.N.B. Corporation's risk management framework.* Required to comply with all applicable regulatory requirements, Bank policies, operational procedures, and internal controls.* Supports the Bank's commitment to sound risk management practices through accurate recordkeeping, timely issue resolution, and adherence to compliance standards.