14 Oct
|
U.S. Bank
|
Chennai
At U.S. Bancorp India, we're on a journey to do our best. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bancorp India gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One. **Job Description** **Job Description:** Insurance Monitoring Review Specialist performs activities overseeing insurance-related records, monitor policy compliance, and ensure accurate, timely tracking of coverage information. This role is responsible for reviewing insurance documentation, identifying gaps or discrepancies in coverage, maintaining up-to-date records, and communicating with internal teams, clients, carriers, or vendors as needed. The ideal candidate has robust analytical skills, excellent attention to detail, and a solid understanding of insurance processes and compliance requirements. **Role Responsibilities:** + Monitor insurance policies, renewals, cancellations, and expirations to ensure continuous and compliant coverage. + Review policy documents and related records for accuracy and completeness. + Identify missing, expired, or insufficient coverage and follow up with the appropriate parties to resolve issues. + Maintain accurate insurance tracking systems, databases, and documentation. + Verify coverage against company, contractual, regulatory, or lender requirements. + Generate routine and reports on coverage status, exceptions, and compliance issues for management and stakeholders. + Coordinate with insurance carriers, brokers, agents, clients, and internal departments to obtain updated information and resolve discrepancies.
+ Track regulatory or procedural changes affecting insurance documentation and monitoring requirements. + Support process improvements to enhance efficiency, accuracy, and service quality. **Competencies:** + Attention to Detail + Maintains high accuracy to prevent downstream servicing or compliance issues. + Time Management & Timeliness + Meets daily reporting and system update deadlines while balancing accuracy. + Process Adherence + Consistently follows established mortgage servicing procedures and controls. + Accountability & Ownership + Takes responsibility for assigned updates and escalates issues appropriately. + Analytical Review + Identifies errors, trends, or missing data impacting modification reporting. **Skills:** + Microsoft Office proficiency + Basic computer literacy + Basic understanding of the associated operations, products/services, systems, and risks/controls applicable to assigned area. + Basic understanding of applicable laws, regulations, financial services, and regulatory trends. + Well-developed analytical skills. + Proficient computer navigation skills, particularly word processing, spreadsheet, databases, and presentations. + Effective verbal and written communication skills **Years of experience** : 2-3 yrs of relevant years **Shift Timings** - 9 AM to 6 PM IST If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) . **Posting may be closed earlier due to high volume of applicants.** This is an U.S. Bancorp India posting. U.S. Bancorp India is a part of the U.S. Bank family.
📌 BL Regulatory Review Rep (Chennai)
🏢 U.S. Bank
📍 Chennai