Premium Finance Specialist

3 weeks ago


Lake Forest, Illinois, United States AFCO Insurance Premium Finance Full time
Job Description

AFCO Insurance Premium Finance is seeking a skilled Premium Finance Specialist to join our team. In this role, you will be responsible for reviewing and verifying premium finance agreements to ensure compliance with corporate policy and procedure.

The ideal candidate will have a high school diploma or equivalent and at least one year of related experience. They should be detail-oriented, a team player, and able to excel in a fast-paced environment.

Key Responsibilities:

  • Analyze loan documents and address processing requirements to accept new and endorsed PF agreements within individual approval limits.
  • Resolve contract discrepancies by collaborating with the agent, AFCO Marketing and Sales Team.
  • Reconcile distribution of loan proceeds to ensure appropriate and timely distribution of funds.
  • Complete post-acceptance policy verifications with Carriers as part of additional fraud prevention efforts.
  • Monitor and manage draft check payments to retail agent clients.
  • Identify, evaluate, and submit/post account adjustments and refunds to accounts.
  • Communicate with management and client-facing sales representatives to provide updates on loan acceptance and funding information.

Benefits:

  • Medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401(k) plan.
  • No less than 10 days of vacation (prorated based on date of hire and full-time or part-time status) during the first year of employment.
  • 10 sick days (also prorated).
  • Paid holidays.

Salary Range: $46,750-$66,350 per year.



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