Post-Closing Insurance & Collateral Specialist

Busey-Bank-2; Leawood (KS); On-site; USD 29,000 - 36,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Employee stock purchase plan

Paid time off

Medical insurance

Dental, vision insurance

Life insurance

Disability insurance

Wellness incentives

Employee assistance program

Job summary

Busey Bank in Kansas is seeking a Commercial Loan Post Closing Insurance Specialist to join the Post Closing Team within the Commercial Service Support Department. The role focuses on tracking insurance policies and monitoring collateral, supporting audits and regulatory compliance.

You will liaise with the third-party insurance vendor, retrieve documents, and communicate with Lenders and Loan Coordinators about inadequate or forced-placed insurance.

Qualifications

• Requires High School diploma; continuing education preferred.
• Minimum 1-2 years experience in commercial insurance or documentation preferred.
• Requires knowledge of Microsoft Office – Word, Excel, and Adobe.
• Knowledge of various lending regulations and strong organizational skills are required.

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 and daily reports; handle 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 audits.
• Comply with all federal, state, and local regulatory rules governing financial institutions.

Skills

Insurance knowledge (commercial)

Regulatory knowledge (lending)

Strong organizational skills

Communication skills (oral/written)

Multitasking

Independent work

Education

High School diploma

Continuing education preferred

Tools

Microsoft Office (Word, Excel, Adobe)

Bank proprietary systems helpful

Job description

Busey Bank in Kansas is seeking a Commercial Loan Post Closing Insurance Specialist to join the Post Closing Team within the Commercial Service Support Department. The role focuses on tracking insurance policies and monitoring collateral, supporting audits and regulatory compliance.

You will liaise with the third-party insurance vendor, retrieve documents, and communicate with Lenders and Loan Coordinators about inadequate or forced-placed insurance.