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Insurance Administrator

Company: ConnectOne Bank
Location: Union
Posted on: November 18, 2022

Job Description:

PositionThe Insurance Administrator is responsible for obtaining and safeguarding all insurance information for all new and existing loans and ensuring the necessary insurance coverage is in force.
Key Responsibilities

  • Support the Bank's People First focus and rules of engagement-maintaining a professional demeanor, working as an active member of the CNOB team, providing all clients excellent service, always striving to make CNOB A Better Place to Be.
  • Reviews and monitors the insurance tracking process, and regularly explores options for more tracking with Van Wagenen (VW) Insurance Services.
  • Assists clients who have received letters from VW for insurance deficiencies.
  • Reviews collateral, flood, and escrow records for accuracy and payment of insurance, and uploads insurance renewals.
  • Reviews insurance disbursements for Hazard and Flood payments and FIS entries
  • Reviews reports for Default of Insurance, Low Value policies, and policies with mortgagee clause deficiency.
  • Submits monthly Force Placed Hazard premiums and charge loan accounts.
  • Reviews insurance cancellation notices and all new Certificates of Property Insurance with Loan Officers to ensure all requirements have been met and coverage is sufficient.

    • Knowledge of CNOB products and services.
    • Knowledge of lending and mortgage insurance.
    • Knowledge of Hazard, Flood, Escrow, and Collateral.
    • Knowledge of relevant Federal and State banking regulations.Skills
      • Excellent communication and interpersonal skills.
      • Analytical skills to conduct evaluation of documents of varying complexityAbilities
        • Strong People First interest and ability.
        • Proficient with Microsoft Office Applications.
        • Ability to handle multiple projects and tasks at one time.Other Requirements
          • 3 years previous Insurance Management experience required.

            ConnectOne Bank is an equal opportunity employer and does not discriminate with respect to any term, condition or privilege of employment based on race, color, religion, sex, sexual orientation, gender identity or expression, age, disability, military or veteran status, marital status, or status of an individual in any group or class protected by applicable federal, state, or local law.
            ConnectOne Bank also provides reasonable accommodations for qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local laws. If an accommodation is needed to participate in the job application or interview process, please contact Talent Acquisition.


Keywords: ConnectOne Bank, Union , Insurance Administrator, Other , Union, New Jersey

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