Why This Role Stands Out
This Insurance Specialist role at EmployVision offers significant growth potential as you'll become a key player in ensuring compliance and mitigating risk for a reputable company. You'll thrive here if you possess strong analytical skills and enjoy detailed work, with the added benefit of hybrid flexibility. Apply today to leverage your expertise and contribute to a dynamic team!
Quick Overview
Seniority
Mid Senior
Work mode
Hybrid
Location
New York, NY, United States
Posted
20 hours ago
Compliance
Job Description
- Serve as primary contact for pre-closing insurance review, ensuring adequate insurance is in place prior to loan closing; reviewing insurance requirements and policies, making recommendations and adjustments, and ensuring compliance with federal flood regulations and Credit Policy.
- Perform pre- and post-closing reviews of real estate-secured loans, verifying flood determinations, required forms, and coverage accuracy.
- Perform review of property and liability insurance limits and any other insurance requirements as applicable prior to loan closing to ensure adequate insurance coverage and compliance with Credit Policy and Bank requirements.
- Resolve discrepancies and deficiencies by working with lenders, compliance teams, Loan Servicing and insurance agencies; escalate regulatory risks as needed.
- Maintain accurate records and tracking systems, including policy details, expiration dates, coverage requirements, and flood zone changes.
- Conduct audits and portfolio reviews as necessary.
- Support regulatory exams, policy updates, and training, assist with OCC reviews, update procedures per federal changes, and prepare lender guidance.
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