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Collateral Protection Insurance Jobs in New Jersey

Jefferies

Collateral Management Associate

Jersey City, NJ · On-site

$90K - $100K/yr

... any other factor protected by applicable law. We are committed to hiring the most qualified ... disability insurance; and wellness programs. Jefferies also offers paid time off packages that ...

ConnectOne Bank

Mortgage Insurance Administrator

Union, NJ · On-site +1

$55K - $60K/yr

Reviews collateral, flood, and escrow records for accuracy and payment of insurance, and uploads ... class protected by applicable federal, state, or local law. ConnectOne Bank also provides ...

ConnectOne Bank

Mortgage Insurance Administrator

NJ · On-site

$55K - $60K/yr

Reviews collateral, flood, and escrow records for accuracy and payment of insurance, and uploads ... class protected by applicable federal, state, or local law. ConnectOne Bank also provides ...

Wintrust

Portfolio Analyst

Newark, NJ · Hybrid

As the largest life insurance premium finance company in the country, Wintrust Life Finance ... Works with external collateral holding companies and internal loan teams to obtain updated value ...

System One

Marketing Assistant

Jersey City, NJ · On-site

$60K - $65K/yr

Create and manage marketing collateral, presentations, promotional materials, and branded content ... insurance, voluntary plans, as well as participation in a 401(k) plan. System One is an Equal ...

System One

Marketing Assistant

Jersey City, NJ · On-site

$60K - $65K/yr

Create and manage marketing collateral, presentations, promotional materials, and branded content ... insurance, voluntary plans, as well as participation in a 401(k) plan. System One is an Equal ...

System One

Marketing Assistant

Jersey City, NJ · On-site

$60K - $65K/yr

Create and manage marketing collateral, presentations, promotional materials, and branded content ... insurance, voluntary plans, as well as participation in a 401(k) plan. System One is an Equal ...

Bank of Hope

Portfolio Officer - CBG

Fort Lee, NJ · On-site

$85K - $90K/yr

Analyze collateral values and insurance coverage. * Collect loan accounts and overdraft information ... basis protected by federal, state, or local law. Equal Opportunity Employer This employer is ...

Hope Bank

Loan Officer III

Fort Lee, NJ

$80K - $100K/yr

Analyze collateral values and insurance coverage. * Collect loan accounts and overdraft information ... protected by federal, state, or local law.

Sequretek Inc

Software Sales Manager

Princeton, NJ · On-site

Health insurance * Bonus based on performance * Company parties * Competitive salary * Dental ... Collaborate with marketing to create effective sales collateral. * Analyze market trends and ...

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All JobsCollateral Protection Insurance JobsCollateral Protection Insurance Jobs in New Jersey

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 New Jersey? For Collateral Protection Insurance jobs in New Jersey, the most frequently searched job titles are:
What job categories do people searching Collateral Protection Insurance jobs in New Jersey look for? The top searched job categories for Collateral Protection Insurance jobs in New Jersey are:
What cities in New Jersey are hiring for Collateral Protection Insurance jobs? Cities in New Jersey with the most Collateral Protection Insurance job openings:
Collateral Protection Insurance jobs near you

Collateral Management Associate

Jefferies

Jersey City, NJ

$90K - $100K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 25 days ago

Job description

Position: Collateral Associate

The candidate for the Collateral Associate position must exhibit a strong understanding of Collateral Management Operations and its application to the CFTC and SEC bilateral Non-Cleared Swap transactions by carrying out Jefferies Policy and Procedures in conjunction with ISDA best practices.  The Collateral Management team is responsible for the margining of the following business streams: 

  • Repo Finance 
  • OTC Swaps (CFTC Covered, SEC Security Based Swaps and OTC Options) 
  • TBA-Covered Agency (Forward Settling transactions)

The Collateral Associate will be responsible for daily processing of OTC Swap, Repo and TBA Collateral Call issuance as well as confirming and processing of Anticipated Demands for Counterparty Collateral. In addition, the Collateral Associate will initiate collateral transfer payments and receipts for Liquidity Management, month-end Collateral Interest processing, and portfolio reconciliation. The candidate should have exposure and understanding to the following derivatives products: 

  • Foreign Exchange
  • FX Options
  • IR Swaps
  • Credit Default Swaps (single name)
  • Credit Default Index (CDX)
  • Total Return Swaps
  • Equity Swaps
  • OTC Equity Options

Must be a team player able to work in a fast-paced environment and provide excellent service to internal and external customers; exposure to Smartstream TLM Collateral, AcadiaSoft, TriOptima triResolve, and Broadridge is a plus. Should exhibit excellent interpersonal and PC skills.

Primary Location: Jersey City Full Time Salary Range of $90,000-$100,000. 

#LI-MB1

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law.

The salary offered will take into consideration an individual's experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.


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