Consumer Insurance Specialist (Education)

Summary:Monitor and maintain insurance for real estate secured consumer loans, to protect our collateral positions.
Essential Duties and Responsibilities include the following.

Monitor cancellation notices. Process and maintain insurance and life insurance. Order and monitor forced place insurance. Manage and process monthly force placed insurance billings. Manage insurance claims on Somerset Trust collateral, as defined by Fannie Mae Servicing guidelines and USDA handbook guidelines. Process monthly USDA reporting. Correspond with customers and insurance companies to maintain insurance on STC collateral for consumer loans. Review Document Exception reports for insurance tracking. Perform file maintenance in DNA involving changes in collateral information on existing loan accounts. Cross-train with Commercial Insurance Specialist Understand and support all BSA/AML responsibilities as applicable to the position as well as consistently, accurately, and timely carry out these responsibilities in compliance with the Banks internal policies. Other duties may be assigned. This position requires DNA maintenance capabilities

Supervisory Responsibilities: There are no supervisory responsibilities for this position.

Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience:
High school diploma or general education degree (GED); and three to six months related experience and/or training; or equivalent combination of education and experience. Good understanding of financial institution products and services essential.

Language Skills:
Ability to read and interpret documents such as procedure manuals and insurance policies. Ability to write routine correspondence. Ability to speak effectively before groups of customers or employees of organization. Possesses good organizational skills, the ability to read and interpret reports, and work quickly and efficiently while providing the utmost accuracy and attention to detail.

Mathematical Skills:Ability to calculate figures and amounts such as discounts and interest, etc. and insurance coverage amounts.

Reasoning Ability:
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to use hands and fingers to operate office equipment, telephones, etc. The employee must occasionally lift and/or move up to 25 pounds.

Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.