Commercial Lending Insurance ManagerThe Commercial Lending Insurance Manage is responsible for overseeing the insurance aspects of the commercial lending process within the organization. This role involves ensuring that all commercial loans are properly insured, managing relationships with insurance providers, and maintaining compliance with regulatory requirements. The Commercial Lending Insurance manager works closely with the lending team, clients, and insurance brokers to mitigate risks and ensure that the organization's loan portfolio is adequately protected.Key Responsibilities and Duties
Evaluates and verifies insurance coverage for all commercial lending transactions. Ensures that all loans meet organization's insurance requirements and are in compliance with regulatory standards. Monitors ongoing insurance coverage for the duration of the loan term, ensuring that policies remain in force.
Identifies potential insurance-related risks associated with commercial lending and develops strategies to mitigate these risks. Collaborates with the risk management team to assess and manage exposure to potential losses.
Maintains strong relationships with insurance brokers, underwriters, and providers to negotiate terms and secure coverage for clients. Serves as the primary point of contact for both internal teams and clients regarding insurance related inquired and issues.
Assists borrowers in understanding insurance requirements and helps them obtain appropriate coverage for their loans. Provides guidance to clients on the types of insurance needed and the best practices for maintaining adequate coverage.
Ensures all insurance and documentation is accurate, complete, and properly filed in accordance with company policies and regulatory requirements. Prepares and presents regular reports on insurance compliance coverage gaps, and potential risks to senior management.
Works closely with the commercial lending team to integrate insurance considerations into the loan approval process. Provides training and support to lending officers and other relevant staff on insurance requirements and procedures.
Develops and updates internal policies and procedures to commercial loan insurance requirements. Stays informed about changes in insurance regulations and industry trends to keep the organizations policies up to date.
Manages performance of team through regular, timely feedback as well as the formal performance review process to ensure delivery of exceptional services and engagement, motivation and development of team.
Educational Requirements
University (Degree) Preferred
Work Experience
5+ Years Required; 7+ Years Preferred
Physical Requirements
Physical Requirements: Sedentary Work
Career Level8PLPreferred Qualifications
7+ years of Commercial Real Estate experience
Previous experience with Captive Insurance structures
Strong knowledge of CA insurance policies
Hybrid work is a minimum of four days a week, one flexible day for remote work.Posting End Date: 12/9/24Job Seeker NoticeEverBank, N.A. ("EverBank") is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. As a pioneer in online banking, we offer convenient digital access for clients 24/7, in addition to phone banking services and a network of financial centers.EverBank's commitment is to deliver to our clients high-performing, high-yield solutions backed by exceptional service, always giving them the advantage they expect, to make the most of their money.VEVRAA Federal ContractorMember FDICNotice to Job Seekers (https://everbank.com/about/careers/notice-to-job-seekers)Pay Range $103,900 - $140,500EverBank, N.A. is an equal opportunity (EEO) employer, dedicated to maintaining a work environment free of bias, harassment, discrimination and retaliation. As an EEO employer, EverBank expressly prohibits discrimination, harassment and retaliation based on protected characteristics such as race, creed, ethnicity, color, age, religion, sex, sex stereotype, pregnancy, sexual orientation, gender, gender identity, gender expression, transgender status, marital status, national origin, ancestry, physical or mental disability, genetic history and information, or military or veteran status. Providing a safe, inclusive environment is a priority at EverBank and, consistent with that mission, EverBank considers all qualified applicants for employment regardless of protected status.We will not discharge or in any other manner discriminate against associates or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another associate or applicant. However, associates who have access to the compensation information of other associates or applicants as a part of their essential job functions cannot disclose the pay of other associates or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by us, or (c) consistent with our legal duty to furnish information.
