What are the responsibilities and job description for the Credit Products Flood Insurance Specialist position at Regions?
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Credit Products Flood Insurance Specialist will be responsible for assessing and validating Make, Increase, Renewal or Extension (MIRE) events in the Corporate Banking Group for adequate flood insurance in accordance with the Flood Disaster Protection Act (FDPA). Each event is reviewed for completion and accuracy of flood due diligence in a fast pace, regulatory and compliance-focused, production environment.
Primary Responsibilities
Manages and completes flood due diligence items in a timely and accurate manner
Works with system of record to ensure accuracy
Obtains and evaluates all relevant information used in completing Flood Zone Determinations
Calculates and determines adequate flood insurance coverage requirements
Validates proper life of loan monitoring is in place for correct client
Acts as the main point of contact on flood insurance and coverage requirements
Evaluates claim research performed in response to borrower submissions by following established processes and procedures and includes reviews of client histories, imaged documents and information available from systems of record and other sources
Serves as an emerging subject matter expert on flood regulations
Establishes partnership with line of business associates and consults on issues related to flood regulations
Conducts research of laws and regulation that impact the business
May work on basic projects with assistance and oversight of senior staff
This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.
Requirements
High School Diploma or GED
Five (5) years of related loan documentation and processing experience
Proficient knowledge of flood insurance requirements
Preferences
Bachelor’s Degree
Previous experience working with flood insurance in accordance with the Flood Disaster Protection Act (FDPA)
Skills and Competencies
Ability to meet deadlines and prioritize work
Detail oriented
Good analytical and problem-solving skills
Good organizational and communication skills
Knowledge of flood compliance guidelines and regulations
Knowledge or sales contracts, appraisals, and applications
Strong knowledge of the business
Position can be filled at a higher level based on candidate's relevant skills and experience.
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $50,500.00 USD
Median: $63,650.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/about-regions/welcome-portal/benefits
Location Details Riverchase Complex North Building
Location: Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Credit Products Flood Insurance Specialist will be responsible for assessing and validating Make, Increase, Renewal or Extension (MIRE) events in the Corporate Banking Group for adequate flood insurance in accordance with the Flood Disaster Protection Act (FDPA). Each event is reviewed for completion and accuracy of flood due diligence in a fast pace, regulatory and compliance-focused, production environment.
Primary Responsibilities
Manages and completes flood due diligence items in a timely and accurate manner
Works with system of record to ensure accuracy
Obtains and evaluates all relevant information used in completing Flood Zone Determinations
Calculates and determines adequate flood insurance coverage requirements
Validates proper life of loan monitoring is in place for correct client
Acts as the main point of contact on flood insurance and coverage requirements
Evaluates claim research performed in response to borrower submissions by following established processes and procedures and includes reviews of client histories, imaged documents and information available from systems of record and other sources
Serves as an emerging subject matter expert on flood regulations
Establishes partnership with line of business associates and consults on issues related to flood regulations
Conducts research of laws and regulation that impact the business
May work on basic projects with assistance and oversight of senior staff
This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.
Requirements
High School Diploma or GED
Five (5) years of related loan documentation and processing experience
Proficient knowledge of flood insurance requirements
Preferences
Bachelor’s Degree
Previous experience working with flood insurance in accordance with the Flood Disaster Protection Act (FDPA)
Skills and Competencies
Ability to meet deadlines and prioritize work
Detail oriented
Good analytical and problem-solving skills
Good organizational and communication skills
Knowledge of flood compliance guidelines and regulations
Knowledge or sales contracts, appraisals, and applications
Strong knowledge of the business
Position can be filled at a higher level based on candidate's relevant skills and experience.
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $50,500.00 USD
Median: $63,650.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/about-regions/welcome-portal/benefits
Location Details Riverchase Complex North Building
Location: Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Benefits:
401K Plan, Vacation & Paid Time Off, Health InsuranceSalary : $50,500 - $63,650