Insurance Control Officer managing credit union collateral and overseeing claims processes. Ensuring compliance with regulations and maintaining accurate records of insurance and repossession activities.
Responsibilities
Controlling adverse actions associated with credit union collateral.
Comply with federal, state and local laws and credit union procedures and practices regarding adverse actions involving credit union collateral.
Responsible for maintaining records and adherence to department procedures and practices for secretions claims for collateralized loans.
Responsible for maintaining records and adherence to department procedures and practices for protection of credit union collateral when impounded by private or public agencies.
Responsible for maintaining records and adherence with department procedures and practices for member and insurance company contact during total loss claims involving credit union collateral.
Responsible for maintaining records and adherence with department procedures and practices for refund of After Market Products for repossessed collateralized loans.
Responsible for maintaining records and adherence with department procedures and practices for Collateral Protection Insurance damage and reimbursement claims for repossessed collateral.
Responsible for administrative functions necessary to support Collateral Protection Insurance program to include, but not limited to processing claims, premiums, refunds, billings, file maintenance and posting.
Responsible for maintaining records and adherence with department procedures and practices for proof of insurance or insurance cancellations letters received by member(s) and applicable refunds amounts within Special Credits.
Perform other duties as assigned.
Requirements
High school diploma or equivalent
Requires good written and verbal communication skills
Knowledge of laws and regulations involving repossession, foreclosures and insurance claim processing preferred.
Benefits
Short-term and long-term incentives
Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
401(k) plan with a 5% match
Employee Assistance Program (EAP)
Life and disability coverage
Voluntary cash benefits for accident, hospitalization and critical illness
Tuition Reimbursement
Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Job title
Special Credits Insurance Control Officer I, II, III
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