Commercial Insurance Specialist - Loan Coverage

Heartland Bank and Trust Company; Bloomington (IL); Hybrid; USD 45,000 - 65,000; Full time

Job summary

Heartland Bank and Trust Company in Bloomington, IL is seeking a Commercial Insurance Specialist to manage the bank's commercial loan insurance tracking portfolio in accordance with lending policies.

This multi-functional, customer-oriented role handles force-placed insurance, builder's risk coverage on construction loans, proof of insurance, and related requests, reporting to the Escrow/Insurance Supervisor.

Qualifications

• Associate’s Degree and minimum 5 years commercial insurance preferred or equivalent combination of education and experience.

Responsibilities

• Review business asset insurance policies that cover the bank's UCC filings.
• Manage the force placed insurance process on commercial loans that have cancelled, expired, or no insurance.
• Track and obtain insurance coverage on all builder's risk insurance policies on construction loans.
• Prompt Insurance agent follow-up to obtain proof of insurance on all Commercial insurance policies.
• Track and obtain proof of insurance on all vehicle loans.
• Adhere to Bank policies and procedures as well as industry regulations.
• Assist with Loan Officer and Loan Assistant requests related to commercial loans.
• Perform other duties as necessary to assist the Escrow/Insurance Supervisor.

Education

Associate’s Degree

Job description

Heartland Bank and Trust Company in Bloomington, IL is seeking a Commercial Insurance Specialist to manage the bank's commercial loan insurance tracking portfolio in accordance with lending policies.

This multi-functional, customer-oriented role handles force-placed insurance, builder's risk coverage on construction loans, proof of insurance, and related requests, reporting to the Escrow/Insurance Supervisor.