b1BANK · 3 months ago
Insurance Specialist
Ops Center-Lake Charles, Lake Charles, LA, US
Full-time
Onsite
Entry Level
2+ years expb1BANK is seeking an Insurance Specialist to manage and monitor insurance on various types of collateral in compliance with bank policies and federal/state regulations. This role involves liaising with the bank, insurance companies, and third-party insurance tracking vendors to ensure proper insurance coverage and resolve any related issues.
BankingFinancial ServicesInsuranceWealth Management
Responsibilities
Monitor and process incoming insurance documents received by the bank
Transmit insurance documents via secure file transfer to the bank’s insurance tracking vendor
Work with insurance companies to verify continuation of insurance coverage
Work with banking staff to resolve insurance tracking issues
Work with banking staff to resolve non-coverage or deficient coverage issues
Review insurance tracking reports provided by the bank’s insurance tracking vendor
Produce payment change notification letters when forced placed insurance policies are issued
Assist with processing of force place premiums
Process force place premium refunds
Assist with policy premium payment on escrowed loans
Assist with annual property tax research and payments
Qualification
Required
Associate's Degree or Bachelor's Degree in a Business or Finance related field; or 2 (two) years of loan operations experience
Strong understanding of loan application policies and procedures, as well as documentation required by federal and state regulations
Strong understanding of insurance documents (i.e., policies, applications, etc.)
Experience in Loan Operations or experience in the insurance industry
Strong interpersonal communication
Strong organizational and time management skills
Strong computer, keyboard, and software application (Microsoft Word and Excel) skills
Company
b1BANK
b1BANK is a commercial bank that offers personal, commercial, and online banking services.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$52.5M2021-04-07Debt Financing· $52.5M
Leadership Team
Jerry Vascocu
President
Recent News
2026-01-05
2025-12-04
Company data provided by crunchbase