Premium Finance Processing Analyst II
Premium Finance Processing Analyst II
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1 Vacancy
Job Description
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Serve as a control function to protect the company's collateral by reviewing verifying and processing Premium Finance (PF) agreements for acceptance and funding consistent with corporate policy and procedure. Work in tandem with Account Executives to provide PF client service for a geographic sales territory. Approve booking of higher loan and more complex booking transactions be a mentor to PF Processing Analyst I and assist in department training.This position will be officecentric from Lake Forest IL.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.
1. Analyze loan documents and address processing requirements to accept new and endorsed PF agreements within individual approval limit to ensure adherence to all policies and procedures.
2. Reconcile distribution of loan proceeds to ensure appropriate and timely distribution of funds.
3. Complete post acceptance policy verifications with Carriers as part of additional fraud prevention efforts to help reduce collateral losses.
4. Complete welcome calls direct with insureds as part of additional fraud prevention efforts to help reduce collateral losses.
5. Resolve contract discrepancies by collaborating with the Agent AFCO Marketing and Sales Team.
6. Monitor and ensure timely and thorough completion of open loan processing items.
7. Monitor and manage draft check payments to retail agent clients to ensure appropriate and timely distribution of funds.
8. Identify evaluate and submit/post account adjustments and refunds to accounts.
9. Communicate with management and client facing sales representatives to provide updates on loan acceptance and funding information or potential situations which may delay loan funding.
10. Review and approve loan documents prior to booking assist in workload distribution and team support while working higherdollar volume and more complex loan transactions.
11. Work in a capacity to mentor and train other PF Processing Analysts.
QUALIFICATIONS
Required Qualifications:
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.
1. High School diploma or equivalent
2. Two years of related experience
3. Detail oriented team player
4. Ability to excel in a fastpaced environment
5. Ability to multitask and stay organized
6. Ability to execute sound judgment and escalate issues accordingly
7. Ability to communicate with all levels of the organization
8. Strong communication and customer service skills
9. Demonstrated proficiency in basic computer applications such as Microsoft Office software products
Preferred Qualifications:
1. Bachelors degree or equivalent education and related training
2. Two year of loan processing and/or Premium Finance industry
3. Insurance or financial services experience
The annual base salary for this position is $60000.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the offers medical dental vision life insurance disability accidental death and dismemberment taxpreferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by fulltime or parttime status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any nontemporary position for which you apply based on fulltime or parttime status position and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the LawPay Transparency Nondiscrimination Provision EVerify
Required Experience:
IC
Employment Type
Full-Time
