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Capital One Operations Associate Commercial Insurance Monitoring United States, Virginia, Richmond 199098693
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Responsibilities include:
Comply with Commercial Banking Flood Insurance and Hazard Insurance Procedures; ensure appropriate insurance regulatory requirements are met.
Analyze collateral types and conduct appropriate flood due diligence review on eligible real estate collateral.
Work with the flood vendor to evaluate and resolve flood zone disputes when needed.
Obtain confirmation of contents collateral value; perform flood insurance replacement cost value analysis; secure adequate insurance coverage and complete appropriate flood insurance calculator and checklist in a timely manner.
Coordinate with third-party insurance consultants to secure proper insurance coverage.
Review insurance policies, loan documents and third-party evaluation reports (i.e. appraisal, environmental report, title insurance policy and survey etc.) to ensure collateral is appropriately vetted and reviewed.
Coordinate with insurance agents, borrowers and insurance consultants to secure proper insurance coverage.
Work closely with Underwriters, Commercial Closing Team and the Compliance organization to ensure the internal/external Flood Insurance and Hazard Insurance requirements are met.
Provide portfolio support including flood and nonflood workflow case peer review/quality control. Support the team metrics, reports, and ad-hoc projects.
Work independently in identifying, researching, solving, and responding to flood and nonflood review requests, inquiries, and problem situations in a timely manner.
Meet process control requirements; maintain formal process documents (e.g. procedures, job aids & guides); engage in process improvement efforts and cross-training.
Other duties as assigned.
Basic Qualifications:
High School Diploma, GED or Equivalent Certification
At least 1 year of experience in financial services, banking, or insurance
At least 1 year of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs)
Preferred Qualifications:
Bachelor’s Degree or Military Experience
2+ years of experience in commercial banking
2+ years of experience working with mortgage loan documents and insurance insurance documents.
. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
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 . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
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