RCC Senior Insurance Administrator
Apply remote type Hybrid Position locations Baltimore, MD time type Full time posted on Posted 2 Days Ago job requisition id R68445
Overview:
Provides advanced level support to the Commercial Loan Tax and Insurance Unit by ensuring that customer's insurance coverage meets investor requirements as well as the accuracy and timeliness of insurance premium payments. Takes lead responsibilities in training team members.
Primary Responsibilities:
- Determines borrowers' insurance requirements based on investor guidelines.
- Pays insurance premiums from escrow funds or obtains paid receipts from customers.
- Prepares audits of customers' insurance coverage under supervision of the Insurance Compliance Officer, including completing any necessary limit analyses and drafting waivers.
- Follows up with Asset Managers, Insurance Agents and Brokers regarding customers' insurance issues.
- Keeps FICS loan database and department files up to date with current insurance information.
- Works with front end including Closing Department regarding insurance compliance relative to new loans.
- Works with front end and Asset Management regarding tax issues relative to new loans and servicing portfolio.
- Takes lead responsibilities in training additional staff.
- Completes special projects as assigned.
- Complete other duties as assigned.
Education and Experience Required:
- Bachelor’s degree or the equivalent in relevant work experience to include minimum 5 years of previous Property and Casualty insurance experience. In lieu of a degree a combined minimum of 9 years higher education and work experience to include a minimum of 5 years of previous Property and Casualty insurance experience.
Education and Experience Preferred:
- Commercial Property and Casualty insurance experience.
- Experience in reviewing commercial loan documents, title reports, surveys to determine loan collateral.
- Experience with tax payments and tax escrows with a Commercial Loan Servicer; and/or experience with commercial multifamily property and liability insurance.
Location:
Baltimore, Maryland, United States of America
About Us
Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the diverse communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution.
As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in diverse talents and fresh skill sets while continuing to support the growth and development of all our team members.
Ready to join our team? Submit your application today!
If you are unable to apply through this site due to technical issues or need an accommodation to apply, please contact us at careersitesupport@mtb.com for assistance.
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.
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