Credit Products Flood Insurance Specialist

The Center Birmingham; Hoover (AL); On-site; USD 50,000 - 64,000; Full time

Job summary

A leading company in Hoover, Alabama is seeking a Credit Products Flood Insurance Specialist. The role involves ensuring compliance with flood insurance regulations and assessing various loan documentation processes. Ideal candidates will have strong analytical skills and a background in flood insurance. Join a performance-driven team committed to quality and integrity.

Qualifications

• Five (5) years of related loan documentation and processing experience.
• Proficient knowledge of flood insurance requirements.

Responsibilities

• Manages and completes flood due diligence items.
• Acts as a key contact on flood insurance requirements.
• Conducts research on flood regulations.

Skills

Attention to detail

Analytical skills

Problem-solving skills

Organizational skills

Communication skills

Knowledge of flood compliance guidelines

Education

High School Diploma or GED

Bachelor’s Degree

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.

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
• Proficient knowledge 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

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

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

50th Percentile:

$63,620.00 USD

Incentive Pay Plans:

This job is not incentive eligible.

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.