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Collateral Protection Insurance Jobs in Ohio (NOW HIRING)

7 17 Credit Union

REPO SPECIALIST

Warren, OH · On-site

$14.50 - $19.25/hr

... and insurance refunds when available. All job positions at 7 17 Credit Union may be assigned ... seizure of collateral to protect Credit Union interests. * Assist with accurate repossession ...

7 17 Credit Union

Repossession Specialist

Warren, OH · On-site

$42K - $58K/yr

... and insurance refunds when available. All job positions at 7 17 Credit Union may be assigned ... seizure of collateral to protect Credit Union interests. * Assist with accurate repossession ...

ORIX

Associate, Asset Management - FNMA-3

Columbus, OH

$16 - $21.25/hr

Monitor physical condition of property collateral by reviewing or conducting property inspections ... insurance, tax and other information from closing. Set up appropriate follow up systems to manage ...

ORIX

Associate, Asset Management

Columbus, OH

$16 - $21.25/hr

Monitor physical condition of property collateral by reviewing or conducting property inspections ... insurance, tax and other information from closing. Set up appropriate follow up systems to manage ...

PNC Bank

Commercial Asset Consultant

Cleveland, OH

$75K - $150K/yr

Works with internal and external business partners and borrowers to better secure collateral ... insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock ...

PNC Bank

Commercial Asset Consultant

Cincinnati, OH · On-site

$75K - $150K/yr

Works with internal and external business partners and borrowers to better secure collateral ... insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock ...

PNC Bank

Commercial Asset Consultant

Columbus, OH

$75K - $150K/yr

Works with internal and external business partners and borrowers to better secure collateral ... insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock ...

HUB

Account Executive, Health Insurance Brokerage

Akron, OH · On-site

$70K - $80K/yr

... and collateral distribution * Maintain accurate and up-to-date records in CRM systems, tracking ... protected by local, state or federal laws, rules or regulations. E-Verify Program We endeavor to ...

Axos Bank

Sr. Collector

Cincinnati, OH

$70K - $80K/yr

Perform financial and collateral analysis for due diligence and evaluate loan repayment ability ... Medical, Dental, Vision, and Life Insurance * Paid Sick Leave, 3 weeks' Vacation, and Holidays ...

Axos Bank

Sr. Collector

Cincinnati, OH · On-site +1

$70K - $80K/yr

Perform financial and collateral analysis for due diligence and evaluate loan repayment ability ... Medical, Dental, Vision, and Life Insurance * Paid Sick Leave, 3 weeks' Vacation, and Holidays ...

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Collateral Protection Insurance information

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

Collateral Analyst

First Merchant's Bank

Columbus, OH • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 7 days ago

First Merchants Bank rating

8.0

Company rating: 8.0 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

54th of 141 rated banks

Job description

First Merchants Bank is seeking a Collateral Analyst to join our team! This position will perform collateral monitoring tasks, and operational tasks while assisting with the timely and accurate risk grading of the commercial banking portfolio.
As part of this role you will:
  • Complete accurate, unbiased collateral analyses within required timelines and according to standards.
  • Complete collateral monitoring functions for designated portfolio including:
    • Review of borrowing base requirements detailed within the Credit Decision Summary prior to or commensurate with loan closing.
    • Provide the Commercial Lending Team with borrowing base templates for Client use with on-going monitoring requirements as approved in the CDS and documented in the credit agreement.
    • Establish and maintain Client profiles within the borrowing base monitoring software.
    • Confirm appropriate ticklers are set up within the Bank's core system for monitoring the receipt of required financial reporting documents for borrowing base reporting.
    • Assist the Commercial Lending Team with the collection of necessary Financial Reporting Documents for the completion of borrowing base testing.
    • Ensure the timely and accurate filing of all borrowing base reports and supporting documentation in the bank's imaging system.
    • Assist the Client and Commercial Lending Team with modifications to borrowing base submission and reporting process to ensure compliance detailed within the credit agreement.
    • Validate the calculation of eligible collateral related to borrowing base reporting by analyzing accounts receivable agings, accounts payable agings, perpetual inventory reports, and other supplied information as appropriate.
    • Identify and communicate deteriorating liquidity and over-advance issues found during borrowing base testing to department management.
    • Update borrower loan availability in Bank's core system.
    • Interface with clients as needed for questions and resolution of issues on draws and availability.
    • Maintain the Regional Borrowing Base Utilization Report.
    • Provide collateral trend reporting and analysis as requested.
    • Review real estate appraisals and evaluations as needed.
  • Reconcile borrowing base to credit agreement.
  • Attend and participate in loan committees as requested.

In order to be successful, we require the following:
  • Bachelor's degree.

The following would be a plus:
  • Bachelor's degree (or completion within current semester) in accounting, finance, or business.
  • Prior Asset Based Lending or Collateral Monitoring experience
  • Proficient use of MS Office products including Word, Outlook and Excel.
  • Adobe Acrobat experience and the ability to learn job-related software.

First Merchants offers the following:
  • Base Pay PLUS Bonuses
  • Medical, Dental and Vision Insurance
  • 401k
  • Health Savings and Flexible Spending Accounts
  • Vacation/Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits

A little about us:
First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.
Our Vision is:
To enhance the financial wellness of the diverse communities we serve.
Our Mission is:
To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.
Our Team:
"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."
Apply today to begin your career with us!
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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