Commercial Loan Post Closing Review Specialist

Busey Bank; Leawood (KS); On-site; USD 45,000 - 60,000; Full time

Job summary

Busey Bank seeks a Commercial Loan Post Closing Review Insurance Specialist to join the Post Closing Team in the Commercial Service Support Department. This role focuses on insurance policy tracking, collateral monitoring, and document research for audits to ensure regulatory compliance.

Based in Leawood, KS, the position supports lenders and loan coordinators with insurance-related inquiries and maintains documentation to support internal and external audits, while complying with applicable

Qualifications

• High school diploma required; continuing education preferred.
• 1–2 years experience in commercial insurance or documentation preferred.
• Strong organizational skills and communication abilities are essential.

Responsibilities

• Serve as the primary liaison with our third-party insurance vendor
• Retrieve any requested documentation from Bank's imaging system or other third-party insurance vendor
• Communicate with Lenders and Loan Coordinators regarding inadequate insurance and forced placed insurance
• Maintain forced placed insurance report from vendor, maintain daily reports, and handle any additional inquiries
• Imaging insurance documents into the Bank's imaging system for the Commercial Lending Division
• Create, remove, and update any exceptions items for insurance covenant tracking
• Collaborate with insurance document research for internal and external audits
• Comply with all federal, state, and local regulatory rules and regulations governing financial institutions, as well as company policies and procedures
• Assist in special projects and other duties as assigned

Skills

Strong organizational skills

Strong oral and written communication

Multi-tasking

Analytical problem solving

Ability to work under time pressure

Education

High School diploma (required); continuing education preferred

1–2 years experience in commercial insurance or documentation

Job description

Position Summary

The Commercial Loan Post Closing Review Insurance Specialist is part of the Post Closing Team in the Commercial Service Support Department. This position is primarily responsible for insurance policy tracking and insurance collateral monitoring. This position assists with collateral document research for audits, both internal and external.

Duties & Responsibilities

• Serve as the primary liaison with our third-party insurance vendor
• Retrieve any requested documentation from Bank's imaging system or other third-party insurance vendor
• Communicate with Lenders and Loan Coordinators regarding inadequate insurance and forced placed insurance
• Maintain forced placed insurance report from vendor, maintain daily reports, and handle any additional inquiries
• Responsible for imaging insurance documents into the Bank's imaging system for the Commercial Lending Division
• Creating, removing, and updating any exceptions items for insurance covenant tracking
• Collaborate with insurance document research for internal and external audits
• Comply with all federal, state, and local regulatory rules and regulations governing financial institutions, as well as company policies and procedures
• Assists in special projects and other duties as assigned

Education & Experience

Knowledge Of

• Various lending regulations
• Strong organizational skills
• Strong oral and written communication skills

Ability To

• Multi-task and work independently
• Analyze and solve problems for which there are not precedents
• Perform duties and make decisions under frequent time pressures

Education And Training

• Requires High School diploma; continuing education preferred
• Minimum 1-2 years experience in commercial insurance or documentation preferred