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Collateral Protection Insurance Jobs in Chicago, IL

Wells Fargo

Senior Secured Lending Underwriter

Chicago, IL · On-site

$101K - $120K/yr

Knowledge of inventory-based lending structures, collateral monitoring practices, borrowing base ... Life insurance, critical illness insurance, and accident insurance * Parental leave * Critical ...

Truist

Processing Analyst I

Lake Forest, IL · On-site

$50K - $53K/yr

... protect the company's collateral by reviewing, verifying, reconciling and processing Premium ... Truist offers medical, dental, vision, life insurance, disability, accidental death and ...

Truist Inc

Processing Analyst I

Lake Forest, IL · On-site

$50K - $53K/yr

... protect the company's collateral by reviewing, verifying, reconciling and processing Premium ... Insurance, lending or financial services experience The annual base salary for this position is $50 ...

Truist

Processing Analyst I

Lake Forest, IL · On-site

$50K - $53K/yr

... protect the company's collateral by reviewing, verifying, reconciling and processing Premium ... Truist offers medical, dental, vision, life insurance, disability, accidental death and ...

Axos Bank

VP, Commercial Underwriter

Lombard, IL · On-site

$120K - $170K/yr

Ensure collateral perfection under UCC Article 9, including UCC filing and search requirements ... Medical, Dental, Vision, and Life Insurance * Paid Sick Leave, 3 weeks' Vacation, and Holidays ...

Axos Bank

VP, Commercial Underwriter

Lombard, IL · On-site

$120K - $170K/yr

Ensure collateral perfection under UCC Article 9, including UCC filing and search requirements ... Medical, Dental, Vision, and Life Insurance * Paid Sick Leave, 3 weeks' Vacation, and Holidays ...

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Showing results 21-40

All JobsCollateral Protection Insurance JobsCollateral Protection Insurance Jobs in Chicago, IL

Collateral Protection Insurance information

See Chicago, IL salary details

$11.3K

$70.8K

$93.2K

How much do collateral protection insurance jobs pay per year?

As of Aug 7, 2026, the average yearly pay for collateral protection insurance in Chicago, IL is $70,822.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,700.00 and $80,400.00 per year, depending on experience, location, and employer.

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?

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 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?

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 Chicago, IL? For Collateral Protection Insurance jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Collateral Protection Insurance jobs in Chicago, IL look for? The top searched job categories for Collateral Protection Insurance jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Collateral Protection Insurance jobs? Cities near Chicago, IL with the most Collateral Protection Insurance job openings:
Collateral Protection Insurance jobs near you
Infographic showing various Collateral Protection Insurance job openings in Chicago, IL as of June 2026, with employment types broken down into 2% As Needed, 34% Full Time, 51% Part Time, and 13% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $70,822 per year, or $34 per hour.

Processing Analyst I

SunTrust Investment Services, Inc.

Lake Forest, IL • On-site

$50K - $53K/yr

Other

Posted 8 days ago

Job description

Job Title

Serve as a control function to protect the company’s collateral by reviewing, verifying, reconciling and processing Premium Finance (PF) agreements for acceptance and funding, consistent with corporate policy and procedure. Work in tandem with Account Executives to provide PF client service for a geographic sales territory.

Essential Duties and Responsibilities Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

  • Analyze loan documents and address processing requirements to accept new and endorsed PF agreements within individual approval limit to ensure adherence to all policies and procedures prior to booking a loan
  • Resolve contract discrepancies by collaborating with the agent, AFCO Marketing and Sales Team
  • Reconcile distribution of loan proceeds to ensure appropriate and timely distribution of funds
  • Complete post acceptance policy verifications with Carriers as part of additional fraud prevention effort to help reduce collateral losses
  • Complete welcome calls direct with insureds as part of additional fraud prevention efforts to help reduce collateral losses
  • Monitor and ensure timely and thorough completion of open loan processing items
  • Monitor and manage draft check payments to retail agent clients to ensure appropriate and timely distribution of funds
  • Identify, evaluate and submit/post account adjustments and refunds to accounts
  • Communicate with management and client facing sales representatives to provide updates on loan acceptance and funding information or potential situations which may delay loan funding

Qualifications Required Qualifications: The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • High School diploma or equivalent
  • One year of related experience
  • Detail-oriented team player
  • Ability to excel in a fast-paced environment
  • Ability to multi-task and stay organized
  • Ability to execute sound judgment and escalate issues accordingly
  • Ability to communicate with all levels of the organization
  • Strong communication and customer service skills
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products

Preferred Qualifications:

  • Bachelor's degree or equivalent education and related training
  • Two year of loan processing and/or Premium Finance industry
  • Insurance, lending or financial services experience

The annual base salary for this position is $50,000-53,000 per year.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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