Loan Operations Insurance Specialist

Planters Bank; Southaven (MS); Hybrid; USD 48,000 - 64,000; Full time

Job summary

Planters Bank is seeking a Loan Operations Insurance Specialist to administer and monitor hazard insurance requirements across the bank's loan portfolio. This role ensures regulatory compliance, investor guidelines, and bank policies are met, working closely with lenders, borrowers, insurers, and vendors to mitigate risk.

The position supports various lending portfolios including commercial, consumer, residential mortgage, and agricultural loans, requiring strong attention to detail,

Qualifications

• Minimum 3–5 years of experience in banking, loan operations, insurance administration, loan servicing or compliance.
• Experience with commercial and consumer loan documentation preferred.
• Strong understanding of loan collateral and insurance requirements.
• Knowledge of federal banking regulations related to insurance and collateral protection.
• Excellent written and verbal communication skills.

Responsibilities

• Administer, monitor, and ensure compliance with hazard insurance requirements for the loan portfolio.
• Serve as a control function within Loan Operations to mitigate risk and support regulatory compliance.
• Collaborate with lenders, borrowers, insurance providers, and third-party vendors to ensure proper collateral protection.

Skills

Attention to detail

Communication skills

Analytical abilities

Professional judgment

Education

Associate's or Bachelor's degree in Business/Finance/Accounting/Insurance/Risk Management

Tools

Microsoft Office Suite

Job description

Job Notice

Planters Bank & Trust Company is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetic information, disability status, protected veteran status, or any other characteristic protected by law.

Summary

The Loan Operations Insurance Specialist is responsible for administering, monitoring, and ensuring compliance with all hazard insurance-related requirements associated with the Bank's loan portfolio. This position serves as a critical control function within the Loan Operations Department by ensuring borrower insurance coverage meets regulatory requirements, investor guidelines, and Bank policies. The Loan Operations Insurance Specialist works closely with lenders, loan assistants, borrowers, insurance providers, and third-party vendors to mitigate risk, maintain collateral protection, and support regulatory compliance across commercial, consumer, residential mortgage, and agricultural lending portfolios.

All Planters Bank Employees Are Required To

• Live our core values at work each day with your Head, Heart, Hands and Feet.
• Maintain a strict standard of confidentiality involving all transactions.
• Deliver quality service to all customers.
• Possess a team-oriented attitude with a desire to see success in themselves and others.
• Develop a working knowledge of all bank products.

Location

The location for this position may be flexible based on where the applicant is located as well as office space availability within our Planters Bank system. This position may require some travel.

• Please note- Nonqualified applications will not be considered for the position. Likewise, applications with false or incomplete information will also not be considered for the position.

Qualifications

• Associate's degree or Bachelors degree in Business, Finance, Accounting, Insurance, Risk Management, or related field preferred.
• Equivalent combination of education and banking experience may be considered.
• Minimum of 3-5 years of experience in banking, loan operations, insurance administration, loan servicing, compliance, or a related field.
• Experience with commercial and consumer loan documentation preferred.
• Strong understanding of loan collateral and insurance requirements.
• Knowledge of federal banking regulations related to insurance and collateral protection.
• Ability to analyze insurance policies and determine compliance with lending requirements.
• Strong attention to detail and organizational skills.
• Excellent written and verbal communication skills.
• Ability to prioritize multiple tasks and meet deadlines.
• Professional judgement and discretion.
• Proficiency in Microsoft Office Suite, including Excel, Word, and Outlook.
• Experience with loan servicing systems, document imaging systems, and insurance tracking platforms preferred.
• Strong problem-solving and analytical abilities.
• Ability to maintain confidentiality and exercise sound judgment.
• Satisfactory Credit Bureau Report

Physical Requirements Frequency Weight/Pounds

• Sitting 85%
• Standing 5%
• Walking 5%
• Fine Manipulation of Hands 85%
• Lifting 1% 15 lbs.
• Carrying 1% 15 lbs.
• Pushing/Pulling 1%
• Bending/Squatting 1%
• Reaching Overhead 1%