Commercial Lending Insurance Manager

Everbank • Charlotte, NC

401d • $103,900 - $140,500

About The Position

The Commercial Lending Insurance Manager is responsible for overseeing the insurance aspects of the commercial lending process within EverBank. This role ensures that all commercial loans are properly insured, manages relationships with insurance providers, and maintains compliance with regulatory requirements. The manager collaborates with the lending team, clients, and insurance brokers to mitigate risks and protect the organization's loan portfolio.

Requirements

• 5+ years of experience in commercial lending insurance management required.
• 7+ years of experience preferred, particularly in Commercial Real Estate.
• Strong knowledge of CA insurance policies.
• Previous experience with Captive Insurance structures is preferred.

Nice To Haves

• 7+ years of Commercial Real Estate experience
• Previous experience with Captive Insurance structures
• Strong knowledge of CA insurance policies

Responsibilities

• Evaluates and verifies insurance coverage for all commercial lending transactions.
• Ensures that all loans meet organization's insurance requirements and are in compliance with regulatory standards.
• Monitors ongoing insurance coverage for the duration of the loan term, ensuring that policies remain in force.
• Identifies potential insurance-related risks associated with commercial lending and develops strategies to mitigate these risks.
• Collaborates with the risk management team to assess and manage exposure to potential losses.
• Maintains strong relationships with insurance brokers, underwriters, and providers to negotiate terms and secure coverage for clients.
• Serves as the primary point of contact for both internal teams and clients regarding insurance-related inquiries and issues.
• Assists borrowers in understanding insurance requirements and helps them obtain appropriate coverage for their loans.
• Provides guidance to clients on the types of insurance needed and the best practices for maintaining adequate coverage.
• Ensures all insurance and documentation is accurate, complete, and properly filed in accordance with company policies and regulatory requirements.
• Prepares and presents regular reports on insurance compliance coverage gaps, and potential risks to senior management.
• Works closely with the commercial lending team to integrate insurance considerations into the loan approval process.
• Provides training and support to lending officers and other relevant staff on insurance requirements and procedures.
• Develops and updates internal policies and procedures to commercial loan insurance requirements.
• Stays informed about changes in insurance regulations and industry trends to keep the organization's policies up to date.
• Manages performance of team through regular, timely feedback as well as the formal performance review process.

Benefits

• Hybrid work model with a minimum of four days in the office and one flexible remote work day.
• Competitive salary range of $103,900 - $140,500.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: No Education Listed