Commercial Insurance Specialist

Posted 6 Days Ago
Be an Early Applicant
Bloomington, IL, USA
In-Office
26K-31K Hourly
Senior level
Fintech • Financial Services
The Role
Manages the bank’s commercial loan insurance tracking portfolio. Reviews business asset, builder’s risk, vehicle, and other commercial insurance policies; obtains proof of coverage; manages force-placed insurance for lapses; follows up with agents; supports loan officers and assistants; and ensures compliance with bank policies and industry regulations.
Summary Generated by Built In

Text "2743" to (309) 322-9911 to apply.

Wage Range: Min: $21.77, Mid: $26.45, Max: $31.13

A Brief Overview

Commercial Insurance Specialists are responsible for the Bank's commercial loan insurance tracking portfolio. This position follows established lending policies and procedures. Commercial Insurance Specialists are multi-functional, customer-oriented individuals who rely on instructions and pre-established procedures to perform the functions of this job. Commercial Insurance Specialists report to the department supervisor.

What you will do

  • Review business asset insurance policies that cover the bank's UCC filings.
  • Manage the force placed insurance process on commercial loans that have cancelled, expired, or no insurance.
  • Track and obtain insurance coverage on all builder's risk insurance policies on construction loans.
  • Prompt Insurance agent follow-up to obtain proof of insurance on all Commercial insurance policies.
  • Track and obtain proof of insurance on all vehicle loans.
  • Adhere to Bank policies and procedures as well as industry regulations.
  • Assist with Loan Officer and Loan Assistant requests related to commercial loans.
  • Perform other duties as necessary to assist the Escrow/Insurance Supervisor.

Other Qualifications/Requirements

  • Associate’s Degree and minimum 5 years commercial insurance preferred or equivalent combination of education and experience.

Who We Are

Heartland Bank and Trust Company is headquartered in Bloomington, Illinois. With 70+ locations throughout Illinois and Eastern Iowa, Heartland continues to grow and is committed to preserving strong ties to our communities, customers, employees, and shareholders.

Heartland Bank’s mission is to “create value for the customer, earn a profit for the Bank, and have fun doing it!” At Heartland, employees have the opportunity to make a difference every day.

What We Offer

At Heartland Bank, we offer a competitive benefits package to provide you with peace of mind. Click here to learn more about what benefits we have to offer.

Physical Demands

  • Regularly: Sitting, Feeling/Touching, Talking, Hearing, Vision - close peripheral, depth
  • Frequently: Standing, Walking, Grasping/Reaching - with arms and hands, Repetitive Motions
  • Occasionally: Climbing and/or Balancing, Stooping, Kneeling, Crouching, and/or Crawling, Lifting (30 lbs.)

Equal Opportunities and Accommodations Statement

Heartland Bank is deeply committed to creating a workplace where inclusion is not only valued but prioritized. We’re proud to be an equal opportunity employer, seeking to create a welcoming and diverse environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity or expression, family status, marital status, sexual orientation, national origin, genetics, disability, age, or any other non-merit based or legally protected grounds.

Salary Disclaimer

The salary range represents the range of possible compensation at the time of posting. Heartland Bank considers several factors when extending an offer, including but not limited to, the role and associated responsibilities, a candidate’s work experience, education/training, key skills, and internal equity.

The salary range minimum, midpoint, and maximum listed above represent a full range of career compensation growth over time in this position and pay grade. Starting pay typically starts between minimum and midpoint upon hire. The Bank offers compensation growth opportunities within its career architecture.

Skills Required

  • Associate's degree or equivalent combination of education and experience
  • Minimum five years of commercial insurance experience or equivalent combination of education and experience
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The Company
HQ: Bloomington, IL
711 Employees

What We Do

Heartland Bank and Trust Company is a community bank with total assets of $5 billion. Headquartered in Bloomington, Illinois, the bank has offices throughout Illinois and in eastern Iowa. The bank offers a complete line of financial services to commercial and retail customers and municipal entities. Fast, efficient service is important at Heartland Bank. Management decisions are made locally, meaning we set banking policies and philosophies to suit the needs of the communities we serve. At Heartland Bank, we're proud of the strength of our bank, the capabilities we have, the services we offer, and the people who offer those services to you. When you compare banks in terms of their strength, Heartland Bank stands tall. Get to know us and you'll understand why. Heartland Bank and Trust Company is an Equal Opportunity Employer, including disability/vets. Member FDIC. Equal Housing Lender.

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