Insurance Specialist INSURANCE SPECIALIST
WHAT IS THE OPPORTUNITY?
The Insurance Specialist will be responsible for managing and coordinating all insurance-related functions for the bank'smercial clients. This role involves evaluating insurance requirements, ensuringpliance with regulations and bank policies, and supporting clients in obtaining appropriate coverage for their financial lending activities.
WHAT WILL YOU DO?
- Evaluate and verify insurance policies formercial loan clients to ensure adequate coverage andpliance with bank requirements.
- Act as a liaison between the bank, clients, and insurance agencies to resolve coverage issues and obtain necessary documentation.
- Ensure all insurance documents meet regulatory, legal, and bank-specificpliance standards.
- Provide guidance tomercial banking clients regarding insurance needs related to loan agreements, including flood, property, liability, and business interruption insurance.
- Collaborate with Relationship Managers and Loan Officers to support client onboarding and ongoing portfolio reviews.
- Evaluate and verify insurance policies formercial loan clients to ensure adequate coverage andpliance with bank requirements.
- Act as a liaison between the bank, clients, and insurance agencies to resolve coverage issues and obtain necessary documentation.
- Ensure all insurance documents meet regulatory, legal, and bank-specificpliance standards.
- Provide guidance tomercial banking clients regarding insurance needs related to loan agreements, including flood, property, liability, and business interruption insurance.
WHAT DO YOU NEED TO SUCCEED
Required Qualifications
Bachelor's Degree or equivalentMinimum 3-5 years experience inmercial Banking, insurance or risk management, preferably in a financial institution setting.Previous client-facing roles is preferred.Additional Qualifications
Project Management skills, ability to prioritize tasks and adapt to changing prioritiesOrganizational and time management skillsRmended experience : Prior closing experience, credit experience or understanding of experienceUnderstanding of bank policies and procedures relating to the satisfaction of Insurance conditions, documents, and servicesWHAT'S IN IT FOR YOU?
Starting base salary : $ - $ per hour. Exactpensation may vary based on skills, experience, and location. This job is eligible for bonus and / ormissions.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including :
Generous 401(k)pany matching contributionCareer Development through Tuition Reimbursement and other internal upskilling and training resourcesValued Time Away benefits including vacation, sick and volunteer timeSpecialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programsCareer Mobility support from a dedicated recruitment teamColleague Resource Groups to support networking andmunity engagementGet a more detailed look at our Benefits and Perks.
ABOUT US
Since day one we've always gone further than thepetition to help our clients, colleagues andmunities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity,munity and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial servicespanies. To learn more about City National and our dynamicpany culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a betterpany and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. accepts applications on an ongoing basis, until filled. Job ID 11684