Collateral Protection & Loan Insurance Specialist

Planters Bank; Monroe (LA); On-site; USD 60,000 - 90,000; Full time

Job summary

Planters Bank is seeking a Loan Operations Insurance Specialist to administer hazard insurance requirements across the loan portfolio, ensuring full regulatory and investor compliance.

The role collaborates with lenders, borrowers, insurers, and vendors to mitigate risk, protect collateral, and support loan servicing and compliance across commercial, consumer, mortgage, and agricultural loans. Location may be flexible with some travel.

Qualifications

• Associate's degree or Bachelor's degree in Business, Finance, Accounting, Insurance, Risk Management, or related field preferred.
• Equivalent combination of education and banking experience may be considered.
• Minimum of 3-5 years of experience in banking, loan operations, insurance administration, loan servicing, compliance, or a related field.
• Experience with commercial and consumer loan documentation preferred.
• Strong understanding of loan collateral and insurance requirements.
• Knowledge of federal banking regulations related to insurance and collateral protection.
• Ability to analyze insurance policies and determine compliance with lending requirements.
• Strong attention to detail and organizational skills.
• Excellent written and verbal communication skills.
• Strong problem-solving and analytical abilities.
• Proficiency in Microsoft Office Suite, including Excel, Word, and Outlook.
• Experience with loan servicing systems, document imaging systems, and insurance tracking platforms preferred.

Responsibilities

• Administer and monitor hazard insurance requirements across the loan portfolio.
• Ensure borrower insurance coverage meets regulatory requirements, investor guidelines, and bank policies.
• Collaborate with lenders, loan assistants, borrowers, insurance providers, and third-party vendors to mitigate risk and protect collateral.
• Support regulatory compliance across commercial, consumer, residential mortgage, and agricultural lending portfolios.

Skills

3-5 years experience

Attention to detail

Written communications

Verbal communications

Microsoft Office (Excel, Word, Outlook

Loan collateral knowledge

Regulatory compliance

Policy analysis

Problem solving

Time management

Education

Bachelor's or Associate degree in Business/Finance/Insurance/Risk Management

Equivalent education/experience considered

Tools

Loan servicing systems

Document imaging systems

Insurance tracking platforms

Job description

Planters Bank is seeking a Loan Operations Insurance Specialist to administer hazard insurance requirements across the loan portfolio, ensuring full regulatory and investor compliance.

The role collaborates with lenders, borrowers, insurers, and vendors to mitigate risk, protect collateral, and support loan servicing and compliance across commercial, consumer, mortgage, and agricultural loans. Location may be flexible with some travel.