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Collateral Protection Insurance Jobs in Orient, OH

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 ...

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 ...

Commercial Asset Consultant

Columbus, 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 ...

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Collateral Protection Insurance information

See Orient, OH salary details

$10K

$62.5K

$82.3K

How much do collateral protection insurance jobs pay per year?

As of Jun 16, 2026, the average yearly pay for collateral protection insurance in Orient, OH is $62,531.00, according to ZipRecruiter salary data. Most workers in this role earn between $50,000.00 and $70,900.00 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 the highest paid job in insurance?

In insurance, executive roles such as Chief Executive Officer (CEO) or Chief Underwriting Officer tend to be the highest paid, often earning multi-million dollar compensation packages including salary, bonuses, and stock options. Senior-level positions requiring extensive industry experience, leadership skills, and advanced certifications typically command the highest salaries in the field.

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 does Collateral Protection Insurance do?

Collateral Protection Insurance (CPI) is a type of insurance that protects lenders by covering the vehicle or asset used as collateral for a loan if the borrower fails to maintain insurance coverage. It ensures the lender's interest is protected against damages or loss, often automatically purchased when a borrower’s insurance lapses. Job roles in this field may involve managing policies, verifying coverage, and working with insurance providers to mitigate risk.

What is the highest paying insurance agent job?

The highest paying insurance agent roles are typically those in specialized or high-net-worth markets, such as private client or wealth management insurance agents, who often earn higher commissions and bonuses. Experienced agents with strong sales skills, industry certifications, and a proven track record can also achieve higher incomes, especially in commercial or corporate insurance sectors.

What jobs pay 2000 a day?

High-paying jobs that can reach $2,000 a day include specialized roles such as surgeons, anesthesiologists, corporate lawyers, and senior executives. These positions often require advanced education, certifications, extensive experience, and work in high-stakes environments or industries like finance, healthcare, or law. Freelance consulting or project-based work in certain fields can also command such daily rates.
What cities near Orient, OH are hiring for Collateral Protection Insurance jobs? Cities near Orient, OH with the most Collateral Protection Insurance job openings:
Collateral Analyst

Collateral Analyst

First Merchant's Bank

Columbus, OH • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 16 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

53rd 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 (or completion within current semester)

The following would be a plus:
  • Bachelor's degree 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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