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Collateral Protection Insurance Jobs in Oklahoma

Coordinate collateral disposition, acquired property management, and recovery activities Education ... Excellent medical, Dental, Vision, Life Insurance * Flexible Spending and Health Savings Accounts

Coordinate collateral disposition, acquired property management, and recovery activities Education ... Excellent medical, Dental, Vision, Life Insurance * Flexible Spending and Health Savings Accounts

Coordinate collateral disposition, acquired property management, and recovery activities Education ... Excellent medical, Dental, Vision, Life Insurance * Flexible Spending and Health Savings Accounts

Coordinate collateral disposition, acquired property management, and recovery activities Education ... Excellent medical, Dental, Vision, Life Insurance * Flexible Spending and Health Savings Accounts

Comprehensive medical insurance, dental insurance, and vision insurance; life and disability ... protected veteran status. Applicants may request reasonable accommodation by contacting leaves ...

Identifies and evaluates proposed collateral. * Takes and files photographs, location of chattels ... Excellent medical, Dental, Vision, Life Insurance * Flexible Spending and Health Savings Accounts

Comprehensive medical insurance, dental insurance, and vision insurance; life and disability ... protected veteran status. Applicants may request reasonable accommodation by contacting leaves ...

Mailroom Shipping Specialist

Edmond, OK · On-site

$14.50 - $17.75/hr

... Collateral Submissions, Trailing Documents, and Conditions for several departments. Receipt of ... protect Non-Public Information What we offer * Competitive compensation based on skills and ...

Mailroom Shipping Specialist

Edmond, OK

$14.50 - $17.75/hr

... Collateral Submissions, Trailing Documents, and Conditions for several departments. Receipt of ... protect Non-Public Information What we offer * Competitive compensation based on skills and ...

Comprehensive medical insurance, dental insurance, and vision insurance; life and disability ... protected veteran status. Applicants may request reasonable accommodation by contacting leaves ...

Identifies and evaluates proposed collateral. * Takes and files photographs, location of chattels ... Excellent medical, Dental, Vision, Life Insurance * Flexible Spending and Health Savings Accounts

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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 Oklahoma? For Collateral Protection Insurance jobs in Oklahoma, the most frequently searched job titles are:
What cities in Oklahoma are hiring for Collateral Protection Insurance jobs? Cities in Oklahoma with the most Collateral Protection Insurance job openings:
Special Assets Officer

Special Assets Officer

AgFirst

Edmond, OK • On-site

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 8 days ago


Job description

SPECIAL ASSETS OFFICER - Edmond, Oklahoma
Hours: M - F (8:00 a.m. to 4:30 p.m.)
Summary: The Special Assets Officer leads and manages the Association's portfolio of high-risk, delinquent, and non-performing assets. Ensures effective resolution strategies that balance risk mitigation, regulatory compliance, and customer outcomes. Provides oversight of distressed loan servicing, restructuring, litigation, and asset recovery processes. Serves as the primary liaison across credit, legal, risk, and branch teams to ensure consistent execution of special asset strategies.
Position Responsibilities:
Special Asset Portfolio Management
  • Call and visit special credit customers and serve as primary borrower contact
  • Manage and resolve high-risk and non-accrual loan portfolios
  • Analyze borrower financials and determine appropriate classification (PD, LGD, accrual status)
  • Develop and execute restructuring, liquidation, or foreclosure strategies
  • Negotiate repayment terms with borrowers and represent the Association in mediations or legal proceedings
  • Maximize recovery and minimize loss on distressed assets
Risk Oversight & Credit Administration
  • Monitor credit quality and risk trends within the distressed portfolio
  • Recommend and review risk ratings and loan classifications, leading to improved timeliness, consistency, coordination and completeness of distressed loan identification
  • Determine and recommend a specific reserve and/or charge off through review and approval of NRV worksheets on individually evaluated loans
  • Ensure compliance with FCA regulations, borrower rights, and applicable lending laws
  • Review loan documentation to ensure enforceability and proper structure
  • Support allowance calculations and risk reporting
  • Ensure timely (i) review of and response to all Applications for Restructuring and Loss Mitigation requests, (ii) documentation and implementation of approved applications, and (iii) foreclosure or other liquidation of collateral for applications not approved
Branch & Organizational Support
  • Serve as subject matter expert on distressed loans and special asset management
  • Provide coaching and guidance to branch staff on restructuring, loss mitigation, and borrower rights
  • Back up credit underwriting team as workload allows
  • Collaborate with Credit, Legal, and Executive Leadership on special asset portfolio
  • Support Loan Committee presentations and credit decision processes
Compliance, Reporting & Audit Coordination
  • Ensure timely borrower notifications and regulatory compliance actions
  • Prepare and validate regulatory, board, and internal reports on high-risk assets
  • Maintain accurate documentation and audit-ready files for examinations
  • Coordinate with auditors, regulators, and internal stakeholders on inquiries and reviews
  • Prepare weekly summary report on status of special credits
  • Prepare board reports, review/propose revisions to existing credit policies and procedures, develop/propose new credit policies and procedures, and ensure compliance with policy/procedure and laws/regulations through ongoing coaching and training
  • Maintain loan servicing plans to ensure that plans address required aspects of Association's loan servicing plan requirement guidance and FCA's information memorandum
  • Lead least cost analysis in collaboration with regional VPs
  • Lead loan modification in collaboration with regional VPs
Legal & External Coordination
  • Serve as liaison with attorneys, courts, and external vendors
  • Track and manage litigation, bankruptcies, and foreclosure processes
  • Review legal invoices and ensure compliance with engagement terms
  • Coordinate collateral disposition, acquired property management, and recovery activities
Education
  • Bachelor's degree in Accounting, Finance, Agriculture or related field
  • 5-8 years of experience in lending, credit administration, special assets or other related field.
  • Collection experience preferred.
  • Or an equivalent combination of education and experience sufficient to perform the essential functions of the job
Oklahoma AgCredit offers a competitive compensation and benefits package, including:
  • Competitive base pay with an incentive plan
  • 401(k) Contribution 3%, Match 6%
  • Paid Vacation (15 days), Sick Leave (15 days) and Holidays (12 days)
  • Excellent medical, Dental, Vision, Life Insurance
  • Flexible Spending and Health Savings Accounts
  • Wellness program activities and rewards
  • Customer-Centric Environment
  • Opportunity to Give Back to Agriculture
Oklahoma AgCredit is an Equal Opportunity Employer dedicated to diversity in the workplace and offers a great work environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability, genetic information or protected veteran status.
experience level:
  • Mid Level
job Type:
  • Sales and Customer Relationships