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Collateral Protection Insurance Jobs in Illinois

Staffmark Group

Senior Graphic Designer

Gurnee, IL · On-site

$61K - $84K/yr

Strong portfolio demonstrating branding, packaging, marketing collateral, and concept development ... insurance; and additional wellness or incentive programs. About Us Digital People places creative ...

Wells Fargo

Lead ABL Underwriter

Chicago, IL · Hybrid

$3/hr

Analyze collateral, historical and projected financial statements, cash flows, liquidity, relevant ... Life insurance, critical illness insurance, and accident insurance * Parental leave * Critical ...

US Bank

Field Examiner

Chicago, IL

$98K - $115K/yr

Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ... other factors protected under applicable law. E-Verify U.S. Bank participates in the U.S.

US Bank

Senior Field Examiner

Chicago, IL

$119K - $140K/yr

Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ... other factors protected under applicable law. E-Verify U.S. Bank participates in the U.S.

US Bank

CLO Middle Office Deal Administrator

Chicago, IL · On-site

$29.23 - $38.94/hr

Typical types of collateral include syndicated bank loans, corporate bonds, ABS, MBS, and Mezzanine ... Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ...

Axos Bank

FVP, ABL Operations

Lombard, IL

$130K - $150K/yr

... collateral management, borrowing base administration, and servicing activities. This role ensures ... Medical, Dental, Vision, and Life Insurance * Paid Sick Leave, 3 weeks' Vacation, and Holidays ...

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All JobsCollateral Protection Insurance JobsCollateral Protection Insurance Jobs in Illinois

Collateral Protection Insurance information

How does collateral protection insurance work?

Collateral Protection Insurance (CPI) is used by insurance professionals to protect lenders' interests when borrowers default on auto or property loans. It provides coverage for the vehicle or asset in case of damage or theft, ensuring the lender's financial interest is maintained until the loan is paid off. Insurance agents often verify coverage and process claims to mitigate risk for lenders and borrowers alike.

What is the difference between Collateral Protection Insurance vs Insurance Adjuster?

AspectCollateral Protection InsuranceInsurance Adjuster
CredentialsTypically requires licensing or certification in insuranceRequires state licensing and adjuster certification
Work EnvironmentOffice, field inspections, claims processingField inspections, claims assessment, office work
Employer & IndustryInsurance companies, lenders, auto dealershipsInsurance companies, independent agencies
Search & Comparison IntentUnderstanding coverage for financed assetsEvaluating claim adjustments and settlement processes

Collateral Protection Insurance focuses on insuring financed assets like vehicles, often used by lenders. Insurance Adjusters assess claims and determine payouts. While both roles involve insurance, they serve different functions within the industry.

What is Collateral Protection Insurance (CPI)?

Collateral Protection Insurance (CPI) is a type of insurance policy that lenders purchase to protect themselves against loss or damage to property used as collateral for a loan, such as vehicles or real estate, when the borrower fails to maintain adequate insurance. If a borrower’s insurance lapses or is insufficient, the lender may buy CPI and charge the premium to the borrower. This coverage ensures the lender’s financial interest is safeguarded, but it may not provide the same coverage or benefits as standard borrower-acquired insurance.

What are some common challenges faced by professionals working in Collateral Protection Insurance (CPI) and how can they be addressed?

Professionals in Collateral Protection Insurance often encounter challenges such as managing high volumes of policy tracking, dealing with incomplete borrower information, and ensuring regulatory compliance. Overcoming these obstacles requires strong organizational skills, proficiency with specialized CPI software, and effective communication with lenders and borrowers. Staying updated on industry regulations and participating in ongoing training can also help professionals navigate these complexities and deliver excellent service.

What are the key skills and qualifications needed to thrive as a Collateral Protection Insurance Specialist, and why are they important?

To thrive as a Collateral Protection Insurance Specialist, you need a solid understanding of insurance principles, financial regulations, and risk assessment, often supported by a degree in finance, business, or a related field. Familiarity with insurance management software, loan servicing platforms, and relevant certifications such as an insurance license are typically required. Outstanding attention to detail, analytical thinking, and strong communication skills help professionals excel when analyzing policies and interacting with clients or stakeholders. These skills ensure accurate policy administration, regulatory compliance, and effective risk mitigation for lenders and their clients.

What jobs pay 4000 a week without a degree?

Jobs related to collateral protection insurance, such as insurance claims adjusters or specialized underwriters, can sometimes pay around $4,000 weekly, especially with experience or in high-demand markets. These roles often require industry-specific knowledge, strong analytical skills, and sometimes licensing or certifications but do not always require a college degree.

What is the highest paying insurance agent job?

The highest paying insurance agent roles are typically in specialized areas such as high-net-worth individual insurance, commercial insurance, or executive-level positions, often earning six-figure incomes. Top agents with extensive experience, strong client networks, and advanced certifications can also earn significant commissions and bonuses, increasing their overall compensation.

What is the best paying job in insurance?

In insurance, executive roles such as Chief Underwriting Officer or Chief Risk Officer tend to be the highest paying positions, often earning six-figure salaries plus bonuses. Senior underwriters and actuarial directors also earn high salaries, especially with advanced certifications and extensive experience.
What are popular job titles related to Collateral Protection Insurance jobs in Illinois? For Collateral Protection Insurance jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Collateral Protection Insurance jobs in Illinois look for? The top searched job categories for Collateral Protection Insurance jobs in Illinois are:
What cities in Illinois are hiring for Collateral Protection Insurance jobs? Cities in Illinois with the most Collateral Protection Insurance job openings:
Collateral Protection Insurance jobs near you
Part-Time ASL Community Support Specialist - Deaf

Part-Time ASL Community Support Specialist - Deaf

Thresholds

Chicago, IL • On-site

$300K/yr

Other

Medical, Dental, Vision, Retirement, PTO

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

Description

The Community Support Specialist provides direct service to clients through individual and group counseling/therapy, vocational support, crisis intervention, and psycho-social rehabilitation. They identify risk factors related to relapse and develop relapse prevention plans and strategies.

ESSENTIAL DUTIES & RESPONSIBILITIES

  • Develops and reviews members' care plans by identifying goals, objectives, and specific mental health services needed.
  • Teaches members independent and community living skills, such as housekeeping, meal preparation, coping skills, etc.
  • Provides support to members with collateral social service agencies and the community.
  • Documents services provided in an Electronic Health Record in a timely manner.

SCHEDULE: SAT/SUN 7:00am - 3:30pm (16HOURS/WEEK)

EDUCATION

  • Candidates must be at least 21 years of age and have:
  • High school diploma or GED certificate with 5 years of supervised job-related experience in the field of social services OR Bachelor's degree in Psychology, Social Work, or related field

REQUIREMENTS

  • American Sign Language- ASL
  • Daily access to a personal vehicle
  • Valid driver's license
  • Willingness to provide transportation for members of the program
  • Must obtain and maintain liability car insurance of:
  • $100,000 per person bodily injury
  • $300,000 per accident
  • $100,000 property damage

WHAT WE OFFER:

  • Competitive Pay - Base Rate: $21.75 - $25.87 hourly / $45,240 - $53,800 annually
    • Subject to increase based on education and experience
  • Generous Paid Time Off Policy (Vacation, Sick, and Personal Days)
  • 4 Medical Insurance Plans
  • Dental Insurance
  • Vision Insurance
  • 403(b) with 3% employer match
  • Mileage Reimbursement
  • Public Service Loan Forgiveness
  • Supervision for Clinical Licensure at no cost (LSW, LCSW, LPC, LCPC)

    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
    This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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