Insurance Claims Specialist

Location: Overland Park, Kansas
Posted On: 3/15/2017
Job Code: 2510_Insurance_KS
Job Description
Job opportunity with Banking client in Overland Park, KS

Job Functions:
• Review, analyze and interpret all types of property and liability insurance policies, operating statements and property appraisals for commercial loans to ensure compliance with the loan documents, investor requirements and internal policies and procedures.
• Manage and ensure the data contained in the servicing system is updated to reflect the current status regarding insurance policy effective dates and coverage amounts.
• Monitor and manage the disbursement of payment of all insurance premiums for the commercial mortgage loans for which there are escrow funds being held and any force place insurance premiums.
• Monitor and collect the necessary documentation to determine that all non-escrowed loans have adequate insurance policies in force.
• Initiate and oversee any forced place insurance coverage that is required due to inaction of the borrower.
• Oversee and administer all casualty losses incurred on the commercial properties.
• This includes, but is not limited to, analyzing the severity of the loss by reviewing loss affidavits, engineering reports, etc., arranging property inspections, and processing disbursement requests from the loss proceeds.
• Correspond, either verbally or in writing, as necessary with borrowers, insurance agents, and insurance companies to resolve any issues or discrepancies related to insurance.
• Interact with internal departments as needed to resolve any issues or discrepancies related to insurance.
Category:Non-IT  code:new
Job Requirements
Required Skills:
• Legal document review and interpretation experience.
• Extensive knowledge of the various types of commercial property insurance policies.

To apply, please call Vishal Akhani at 973-774-7810 or email at

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Contact Details
Vishal Akhani