Flood & Insurance Specialist

Pacific Western Bank

  • Carlsbad, CA
  • Permanent
  • Full-time
  • 22 days ago
Description :BANC OF CALIFORNIA AND YOUR CAREERBanc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services, with full-service branches throughout California and Denver, Colorado, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values – Entrepreneurialism, Operational Excellence, and Superior Analytics – empower us in creating a dynamic and inclusive workplace. We are committed to supporting your growth and well-being with comprehensive benefits, career development programs, a variety of employee resource groups, and more. TOGETHER WE WIN®THE OPPORTUNITYThe Flood and Insurance Specialist will play a pivotal role in managing and overseeing aspects of our flood and/or insurance operations. This position requires extensive knowledge of flood and/or insurance policies, risk management, and regulatory compliance. This position is responsible for reviewing, monitoring and ensuring the bank is adhering to flood and non-flood insurance requirements of the bank. Communicates with lenders, loan administration, legal, and compliance departments to promote positive working relationships across the organization. Performs all duties in accordance with the Company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the Company operates.HOW YOU’LL MAKE A DIFFERENCE
  • Ensure compliance with the National Flood Insurance Program (NFIP) and all applicable federal and state flood insurance regulations (such as the Flood Disaster Protection Act and the Homeowner Flood Insurance Affordability Act).
  • Monitor and track insurance coverage for all applicable loans, ensuring proper coverage is maintained throughout the loan term.
  • Request, review, and validate insurance policies, declarations, and certificates for sufficiency and compliance with requirements.
  • Coordinate forced-placed insurance when borrowers fail to provide adequate coverage, notifying borrowers according to regulatory requirements.
  • Act as a liaison between the bank, insurance providers, loan servicing teams, and insurance tracking vendor.
  • Respond to inquiries from auditors, regulators, and internal stakeholders related to flood insurance and risk management.
  • Order monitor and maintain accurate records of flood determinations, insurance policies, notices to borrowers, and all related correspondence.
  • Help support and execute the strategic plans for the flood and/or insurance division, aligning with the company's overall goals and objectives.
  • Support and enhance the comprehensive flood and/or insurance policies and procedures.
  • Conduct risk assessments to identify potential insurance and/or flood hazards and help develop mitigation strategies.
  • Ensure all flood insurance operations comply with federal, state, and local regulations.
  • Perform daily workflows within Flood and/or Insurance Team
  • Perform team daily functions as needed to support the team
  • Support audit processes by ensuring all required documentation is current, organized, and readily accessible.
  • Ensure adherence to updates and procedural changes.
  • Work directly with the banks’ lending units to resolve any flood and insurance related issues.
  • Maintains the highest level of confidentiality with all information obtained.
  • Build and maintain strong relationships with clients (internally and externally), providing applicable guidance on flood and insurance matters.
  • Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.
  • Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
  • Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
  • Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
  • Performs other duties and projects as assigned.
WHAT YOU’LL BRING
  • In-depth understanding of flood and insurance policies, risk management, and regulatory requirements. for commercial and consumer loans.
  • Strong ability to manage multiple priorities in a fast-paced environment.
  • Working knowledge of lending products and documentation, including residential, commercial and consumer loans (including working knowledge of appraisals)
  • Excellent decision-making, problem solving and ability to multi–task in a fast-paced environment
  • Excellent organization, team building and communications skills
  • Required: Highschool Diploma or equivalent
  • Required: 3 years of relevant banking experience
  • Preferred: Proficient with Word, Excel, Outlook. Good working knowledge of IBS loan system
HOW WE’LL SUPPORT YOU
  • Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
  • Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).
  • Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
  • Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
  • Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.
SALARY RANGEThe base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.

Pacific Western Bank