b1BANK · 1 week ago
Collateral Protection Specialist II
Ops Center-Lake Charles, Lake Charles, LA, US
Full-time
Onsite
Entry, Mid Level
2+ years expb1BANK is seeking a Collateral Protection Specialist II who will be responsible for the protection of the bank’s collateral and monitoring of insurance tracking. The role involves liaising between the bank, insurance companies, and third-party tracking vendors, while also handling various insurance and property tax processes.
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
Communicate with insurance companies to verify continuation of insurance coverage
Work with banking center staff to resolve insurance tracking issues
Work with banking center 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
Processing payment of force placed premiums
Processing refund of force placed premiums
Communicate with insurance companies for the collection premium notices for loans in which insurance is paid via escrow
Process insurance & property tax payments on loans with escrow
Communicate with tax assessors for the collection of property tax notices for loans in which property taxes are paid via escrow
Communicate with tax assessors for research and payment verification information
Monitor unpaid property tax report provided by the bank’s property tax tracking vendor
Provide training and guidance to other Collateral Protection Specialists and banking center staff when needed
Qualification
Required
High School diploma or equivalent is required
2-5 years of property insurance experience
Demonstrates superior understanding of loan application policies and procedures, as well as documentation required by federal and state regulations
Superior understanding of insurance documents (i.e., policies, applications, etc.)
Must demonstrate strong oral and written communication skills to effectively communicate with co-workers and clients
Must be organized, attentive to detail, and self-disciplined to work independently
Proficient in computer skills and Microsoft Suite
Maintain a professional demeanor and dependable work ethic
Preferred
Bachelors Degree in business, finance, or Risk Management & insurance is preferred
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
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2026-01-22
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2026-01-21
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