Live chat
Capital One Financial Corporation

Commercial Loan Operations - Pre-Close Insurance Associate

Capital One Financial Corporation - Bethesda, MD

Bethesda Metro Center (17049), United States of America, Bethesda, MarylandAt Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.Commercial Loan Operations - Pre-Close Insurance AssociateCommercial Loan Operations - Pre-Close Insurance AssociatePre-Close Insurance is part of the Commercial Insurance Team in Commercial Loan Operations.  This new  team supports multiple lines of business in Commercial Banking in managing pre-close insurance due diligence.  Join and be a part of this exciting team to drive flood compliance and efficiency across commercial banking.The Pre-Close Insurance Associate is responsible for:Complying with Commercial Banking Flood Insurance and Hazard Insurance Procedures, ensuring appropriate flood insurance regulatory requirements are met.Analyzing collateral types and conducting appropriate flood determination on eligible real estate collateral.  Evaluating and resolving flood zone dispute when needed.Identifying and confirming flood trigger events and multiple buildings situations.Obtaining confirmation of contents collateral value and executed flood notices from Borrowers; performing flood insurance replacement cost value analysis; securing adequate insurance coverage; and completing appropriate flood insurance calculator and checklist in a timely manner.Coordinating with third-party insurance consultants to secure proper insurance coverage. Reconciling and validating pre-close flood documents with loan/mortgage documents, insurance policies, third-party evaluation reports (i.e. appraisal, environmental report), title insurance policy and survey, etc. to ensure collateral is properly vetted and reviewed. Working closely with Underwriters, Commercial Closing Team, and the Compliance organization to ensure that the needs of the internal/external Flood Insurance and Hazard Insurance requirements are met.Providing portfolio support including regulatory trigger events, monitoring, and controls.Working independently in identifying, researching, solving, and/or responding to requests, inquiries, and problem situations in a timely manner.Engaging in process improvement efforts, change management, and cross-training.Basic Qualifications:High School Diploma, GED or military experienceAt least 2 years of experience in financial services, banking, or insuranceExperience with Microsoft SuitePreferred Qualifications:Bachelor’s Degree or military experienceAt least one year of experience in commercial bankingAt least one year of experience working with mortgage loan documents At least one year of experience in handling insurance documentsKnowledge of flood insurance regulatory requirementsExperience with Microsoft ExcelAt this time, Capital One will not sponsor a new applicant for employment authorization for this position.,educationRequirements:Bethesda Metro Center (17049), United States of America, Bethesda, MarylandAt Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.Commercial Loan Operations - Pre-Close Insurance AssociateCommercial Loan Operations - Pre-Close Insurance AssociatePre-Close Insurance is part of the Commercial Insurance Team in Commercial Loan Operations.  This new  team supports multiple lines of business in Commercial Banking in managing pre-close insurance due diligence.  Join and be a part of this exciting team to drive flood compliance and efficiency across commercial banking.The Pre-Close Insurance Associate is responsible for:Complying with Commercial Banking Flood Insurance and Hazard Insurance Procedures, ensuring appropriate flood insurance regulatory requirements are met.Analyzing collateral types and conducting appropriate flood determination on eligible real estate collateral.  Evaluating and resolving flood zone dispute when needed.Identifying and confirming flood trigger events and multiple buildings situations.Obtaining confirmation of contents collateral value and executed flood notices from Borrowers; performing flood insurance replacement cost value analysis; securing adequate insurance coverage; and completing appropriate flood insurance calculator and checklist in a timely manner.Coordinating with third-party insurance consultants to secure proper insurance coverage. Reconciling and validating pre-close flood documents with loan/mortgage documents, insurance policies, third-party evaluation reports (i.e. appraisal, environmental report), title insurance policy and survey, etc. to ensure collateral is properly vetted and reviewed. Working closely with Underwriters, Commercial Closing Team, and the Compliance organization to ensure that the needs of the internal/external Flood Insurance and Hazard Insurance requirements are met.Providing portfolio support including regulatory trigger events, monitoring, and controls.Working independently in identifying, researching, solving, and/or responding to requests, inquiries, and problem situations in a timely manner.Engaging in process improvement efforts, change management, and cross-training.Basic Qualifications:High School Diploma, GED or military experienceAt least 2 years of experience in financial services, banking, or insuranceExperience with Microsoft SuitePreferred Qualifications:Bachelor’s Degree or military experienceAt least one year of experience in commercial bankingAt least one year of experience working with mortgage loan documents At least one year of experience in handling insurance documentsKnowledge of flood insurance regulatory requirementsExperience with Microsoft ExcelAt this time, Capital One will not sponsor a new applicant for employment authorization for this position. No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.comCapital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).,employmentType:CO,identifier:R47886,industry:Full time,title:Commercial Loan Operations - Pre-Close Insurance Associate,url:https://www.capitalonecareers.com/job/bethesda/commercial-loan-operations-pre-close-insurance-associate/1732/8063008,hiringOrganization:{@type:Organization,name:Capital One - US},jobLocation:{@type:Place,address:{@type:PostalAddress,addressLocality:Bethesda,addressRegion:Maryland,addressCountry:United States,streetAddress:,postalCode:}}}

14 days 6 hours ago

Capital One Financial Corporation

apply

Commercial Loan Operations - Pre-Close Insurance Associate Capital One Financial Corporation - Bethesda, MD, United States

   

Location: Bethesda, MD

Company Profile:
Capital One isn't just concerned with what's in your wallet; it's interested in your bank account as well. The company is best known as one of the largest issuers of Visa and MasterCard credit cards in the US, but it also boasts a banking network of approximately 1,000 branches, mainly in New York, New Jersey, Louisiana, Texas, and the Washington, DC area. Subsidiary ING Direct offers online and direct banking without branches. Capital One, which serves more than 50 million customers in the US, Canada, and the UK, also has units that offer auto financing, write home loans, sell insurance, and manage assets for institutional and high-net-worth clients.