Escrow Payments Coordinator

Allied Solutions, LLC; Carmel, Northern (IN, KY); Hybrid; USD 42,000 - 62,000; Full time

Benefits offered by this job

Medical, dental and vision insurance

Company-paid life and disability

401k with company match

3 weeks PTO

Job summary

Allied Solutions, LLC is seeking an Escrow Payments Coordinator to foster client relationships and ensure accurate, timely escrow premium payments and related reports.

You will analyze internal reports to confirm collateral is insured and communicate service status with clients, field teams, and operations. This role emphasizes accuracy, compliance, and proactive process improvement in a fast-paced environment, and will contribute to ongoing enhancements of our escrow administration processes.

Qualifications

• High School Diploma required.
• Associate's degree in a related field preferred.
• 3-4 years of directly related work experience required.

Responsibilities

• Analyze Premium Reports (50%): Analyze escrow premium reports for accuracy so that each insurance premium payment is processed by the client for submission to the carriers so that properties remain insured from potential losses.
• Maintain Accurate and Timely Processing (20%): Audit for accuracy and execute the processing of clients' Collateral Protection Insurance reports, notices and certificates in a timely and accurate manner so that exposure to loss is mitigated and compliance with industry regulations maintained.
• Communicate Effectively (15%): Professionally consult and communicate with clients and internal employees on day-to-day operational or client portfolio questions.
• Assess Opportunities for Improved Processes (15%): Assess and communicate to management any discrepancies or opportunities for improvement in regard to each client's loan data processing and insurance data processing.
• Other responsibilities as assigned.

Skills

Analytical thinking

Communication

Attention to detail

Education

High School Diploma

Associate's degree in related field

Job description

As an Escrow Payments Coordinator your primary responsibilities include the development of client relationships and ensuring the timeliness and accuracy of escrow premium payments, associated reports provided to clients, and notifications sent to financial institution borrowers. An Escrow Payment Coordinator must be able to objectively analyze internal reports to ensure the clients' collateral are insured adequately and communicate with the client, field, and internal operations departments the overall status of the service delivery.

Job Duties and Responsibilities:

• Analyze Premium Reports (50%): Analyze escrow premium reports for accuracy so that each insurance premium payment is processed by the client for submission to the carriers so that properties remain insured from potential losses.
• Maintain Accurate and Timely Processing (20%): Audit for accuracy and execute the processing of clients' Collateral Protection Insurance reports, notices and certificates in a timely and accurate manner so that exposure to loss is mitigated and compliance with industry regulations maintained.
• Communicate Effectively (15%): Professionally consult and communicate with clients and internal employees on day-to-day operational or client portfolio questions.
• Assess Opportunities for Improved Processes (15%): Assess and communicate to management any discrepancies or opportunities for improvement in regard to each client's loan data processing and insurance data processing.
• Other responsibilities as assigned.

Qualifications (Education, Experience, Certifications & KSA):

• High School Diploma required
• Associate's degree in a related field preferred
• 3-4 years of directly related work experience required

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, skills, efforts or working conditions associated with a job.

#LI-AB2 #LI-Onsite

We offer our employees a robust compensation package!

Our comprehensive benefits include:

• medical, dental and vision insurance coverage
• 100% company-paid life and disability coverage
• 401k options with company match
• three weeks PTO by the end of the first year and much more

Allied proudly promotes from within as part of a strong commitment to providing career growth opportunities for employees of all levels.

Our diverse business portfolio allows employees broad career options with the advantage of staying with the same organization.

All qualified candidates will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.

When you join Allied Solutions, you are part of a company that’s been recognized for its commitment to making an impact.

Allied has been ranked by Forbes as one of America's Best Midsize Employers.

Allied's customer service team has received the Center of Excellence certification by BenchmarkPortal for eight consecutive years.

And in 2022, Allied was honored with a Spirit United award, acknowledging our 13-year relationship with United Way of Central Indiana.

As Allied continues to expand into new markets and reach new clients, opportunities to join the company and advance your career grow as well.

Allied continually invests in learning and development resources to help you build new skills and advance your career.

Come grow with us!