Credit Products Flood Insurance Specialist

Regions Financial Corporation; Hoover (AL); On-site; USD 45,000 - 56,000; Full time

Benefits offered by this job

Paid Vacation

401K Match

Medical Benefits

Disability Benefits

HSA

FSA

Life Insurance

Parental Leave

Employee Assistance

Job summary

Regions Financial Corporation is seeking a Flood Insurance Specialist in Hoover, AL. The role focuses on MIRE events, flood due diligence, and regulatory compliance in corporate banking. You will work with loan records, determine adequate coverage, and act as the primary contact for flood insurance questions.

Candidates should have a high school diploma or GED, 5 years of related experience, and knowledge of FDPA flood requirements. Bachelor’s degree preferred; full-time position with benefits.

Qualifications

• High school diploma or GED required
• Strong attention to detail and accuracy
• Analytical and problem-solving abilities
• Good organizational and communication skills
• Knowledge of flood insurance regulations

Responsibilities

• Manage flood due diligence items in a timely and accurate manner
• Evaluate information used for Flood Zone Determinations
• Calculate and determine flood insurance coverage requirements
• Serve as main contact on flood insurance and coverage requirements
• Research applicable laws and regulations that impact the business
• Collaborate with senior staff on projects when needed

Job description

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description:

At Regions, the Credit Products Flood Insurance Specialist will be responsible for assessing and validating Make, Increase, Renewal or Extension (MIRE) events in the Corporate Banking Group for adequate flood insurance in accordance with the Flood Disaster Protection Act (FDPA). Each event is reviewed for completion and accuracy of flood due diligence in a fast pace, regulatory and compliance-focused, production environment.

Primary Responsibilities

• Manages and completes flood due diligence items in a timely and accurate manner
• Works with system of record to ensure accuracy
• Obtains and evaluates all relevant information used in completing Flood Zone Determinations
• Calculates and determines adequate flood insurance coverage requirements
• Validates proper life of loan monitoring is in place for correct client
• Acts as the main point of contact on flood insurance and coverage requirements
• Evaluates claim research performed in response to borrower submissions by following established processes and procedures and includes reviews of client histories, imaged documents and information available from systems of record and other sources
• Serves as an emerging subject matter expert on flood regulations
• Establishes partnership with line of business associates and consults on issues related to flood regulations
• Conducts research of laws and regulation that impact the business
• May work on basic projects with assistance and oversight of senior staff

This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.

Requirements

• High School Diploma or GED
• Five (5) years of related loan documentation and processing experience
• Proficientknowledge of flood insurance requirements

Preferences

• Bachelor’s Degree
• Previous experience working with flood insurance in accordance with the Flood Disaster Protection Act (FDPA)

Skills and Competencies

• Ability to meet deadlines and prioritize work
• Detail oriented
• Good analytical and problem-solving skills
• Good organizational and communication skills
• Knowledge of flood compliance guidelines and regulations
• Knowledge or sales contracts, appraisals, and applications
• Strong knowledge of the business

Position can be filled at a higher level based on candidate's relevant skills and experience.

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$50,500.00 USD

Median:

$63,650.00 USD

Incentive Pay Plans:

This job is not incentive eligible.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please copy the link below to your browser.

https://www.regions.com/about-regions/welcome-portal/benefits

Location Details

Riverchase Complex North Building

Location

Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.