Insurance Control Specialist for Credit Union Collateral
1 week ago
About This Role
We are seeking a highly skilled Insurance Control Specialist to join our team at Global Credit Union. This individual will be responsible for controlling adverse actions associated with credit union collateral, maintaining records, and adhering to department procedures and practices.
Key Responsibilities:
- Compliance and Risk Management: Ensure compliance with federal, state, and local laws and credit union procedures and practices regarding adverse actions involving credit union collateral.
- Record Keeping and Maintenance: Maintain accurate and up-to-date records of secretions claims for collateralized loans, protection of credit union collateral when impounded by private or public agencies, and member and insurance company contact during total loss claims.
- Administrative Functions: Perform administrative tasks necessary to support the Collateral Protection Insurance program, including processing claims, premiums, refunds, billings, file maintenance, and posting.
- Proof of Insurance and Refunds: Process proof of insurance or insurance cancellations letters received by members and applicable refund amounts within Special Credits.
- Additional Duties: Perform other duties as assigned by management.
Requirements and Qualifications:
- Education: High school diploma or equivalent is required.
- Creditable Experience: N/A, but good written and verbal communication skills are essential.
- Knowledge and Skills: Knowledge of laws and regulations involving repossession, foreclosures, and insurance claim processing is preferred.
- Tenure: Requires one year as an SC Insurance Control Officer I or equivalent experience in a related field.
Compensation and Benefits:
- Estimated Salary Range: $48,387 - $73,549 annually, based on location and qualifications.
- Benefits Package: Comprehensive medical, dental, and vision insurance plan, 401(k) plan with a 5% match, employee assistance program, life and disability coverage, voluntary cash benefits, tuition reimbursement, and generous leave programs.
Global Credit Union is an Equal Opportunity Employer
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