Collateral Insurance Specialist I

Simmons Bank; Searcy (AR); On-site; USD 36,000 - 52,000; Full time

Job summary

Simmons First National Corporation seeks a Collateral Insurance Specialist I to provide administrative support to the collateral insurance team, ensuring accuracy of loan documentation and timely resolution of insurance-related matters.

Responsibilities include reviewing weekly reports, communicating with insurance agents, supporting loan officers, and maintaining compliance with policies and audits to support a reliable lending process.

Qualifications

• High school diploma or GED required.
• 1 year related work experience preferred.
• Banking experience preferred.
• Strong attention to detail and analytical abilities.
• Proficient in MS Word, Excel, and PowerPoint.

Responsibilities

• Review and process weekly collateral insurance reports to resolve exposures.
• Communicate with insurance agents by phone, email, and fax to obtain documentation.
• Support loan officers and assistants with insurance inquiries.
• Research and resolve loan-related issues promptly.
• Ensure compliance with policies and audits; maintain complete documentation.
• Meet individual and team performance goals; demonstrate initiative.

Skills

Attention to detail

Analytical abilities

Policy interpretation

Verbal communication

Time management

Organization

Telephone etiquette

Interpersonal skills

Education

High school diploma or GED

1 year related work experience preferred

Tools

Microsoft Word

Excel

PowerPoint

Database applications

Job description

It's fun to work in a company where people truly BELIEVE in what they're doing!We're committed to bringing passion and customer focus to the business.The Collateral Insurance Specialist I provides administrative and operational support to the collateral insurance team, ensuring the accuracy of loan documentation and the timely resolution of insurance-related matters.Essential Duties and ResponsibilitiesReview and process weekly reports to resolve outstanding insurance exposures.Communicate with insurance agents via phone, email, and fax to obtain and verify required documentation.Support loan officers and loan assistants with insurance-related inquiries and requests.Research and resolve loan-related issues in a timely and efficient manner.Ensure compliance with loan policies and procedures by maintaining complete and accurate documentation for internal and external audits.Achieve individual performance goals while contributing to team objectives in a collaborative environment.Demonstrate initiative by independently setting and achieving goals and fostering a positive team environment.Ensure all departmental activities comply with applicable laws, regulations, policies, and procedures, including completion of required compliance training.Perform additional duties and responsibilities as assigned by management.QualificationsTo 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.SkillsStrong attention to detail with excellent analytical abilities.Ability to read and interpret insurance policies, departmental procedures, and general business correspondence.Proficiency in writing clear and professional business correspondence.Effective verbal communication skills for one-on-one and small group interactions with internal associates, insurance agents, and third-party vendors.Excellent time management and organizational skills.Strong telephone etiquette and interpersonal skills.Ability to read, analyze, and interpret government regulations, trade journals, and legal documents.Ability to respond effectively to inquiries from associates, insurance agents, and third-party vendors.Education and ExperienceHigh school diploma or GED requiredOne year of related work experience preferredPrevious banking experience preferredComputer SkillsProficiency in Microsoft Word, Excel, PowerPoint, and database applicationsEqual Employment Opportunity Information: Simmons First National Corporation and its subsidiaries are committed to a policy of equal employment with respect to a person's race, color, religion, sex, ancestry, sexual orientation, gender identity, national origin, covered veterans, military status, physical or mental disability or any other legally protected classifications.