• Job Description

  Req#: 532098

  A great company begins with a great team! Mid Penn Bank is actively seeking a Loan Collateral Insurance Specialist in Harrisburg, PA.

  We believe that our ongoing success depends upon a skilled, satisfied, and valued work force. As a member of our team, you can expect opportunities to develop your skills to help you excel in your role and achieve your professional career goals. We offer a comprehensive range of flexible benefits to support your personal and financial well-being. Our inclusive culture encourages all employees to share ideas, collaborate, and contribute to the values that make us a winning team for our customers, shareholders, and communities.

  Position Overview

  The Loan Collateral Insurance Specialist is responsible for performing a variety of duties to support the loan collateral function. As an integral member of the lending team, this individual will monitor insurance policies, coordinate lender-placed insurance, and support the collateral team. The Loan Collateral Insurance Specialist will coordinate work within the department and with other departments to ensure delivery of superior quality service to both internal and external customers.

  Essential Duties and Responsibilities

  • Monitors insurance compliance for all loan collateral (residential, commercial, auto, etc.).
  • Communicates with insurance agents, borrowers, internal teams and third-party vendor to ensure timely receipt of insurance documents.
  • Monitors requirements through insurance tracking system; uploads insurance policies upon receipt and verification of accuracy.
  • Tracks and follows up on expiring or inadequate insurance policies.
  • Reviews and verifies insurance documents for adequacy, accuracy and adherence to company policies.
  • Coordinates lender-placed insurance when appropriate, following regulatory guidelines.
  • Researches collateral values to ensure insurance properly covers the value.
  • Assists in resolving insurance-related issues.
  • Reports pertinent information to the immediate supervisor as requested, or according to an established schedule; compiles information as necessary or as directed and provides data to appropriate personnel
  • Performs tasks, which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.

  Education & Qualifications

  • A high school diploma or equivalent.
  • A minimum of one (1) years related experience required.
  • Knowledge of insurance requirements for loan collateral.
  • Regular and predictable attendance is required.

  Skill(s)

  Moderate reading, writing, grammar, and mathematics skills; moderate interpersonal relations and communicative skills; moderate typing and PC skills, including knowledge of Microsoft Excel, Access, and Word; loan processing; ability to sit, stand, walk, bend, stoop, reach with hands or arms, use hands to manipulate objects, handle or feel, and lift items weighing 20 lbs. or less; visual, auditory and speaking skills.

  Equipment/Machines

  • Telephone
  • PC/Computer keyboard
  • Printer
  • Calculator
  • Fax machine
  • Copy machine
  • Document scanner

  Mid Penn Bank offers rewarding career opportunities, competitive wages, great incentives, and benefits.

  Qualified applicants are considered without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, genetic information, pregnancy, disability, or protected veteran status. We also comply with all applicable laws governing employment practices and do not discriminate on the basis of any unlawful criteria.

  Equal Opportunity Employer–Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity

• About the company

  Mid Penn Bank offers a range of personal and business services to fit your banking and investment needs throughout Pennsylvania.

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