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Collateral Protection Insurance Jobs (NOW HIRING)

Collections Officer

Moline, IL · On-site

$21.28 - $29.80/hr

Working knowledge of collateral protection insurance (CPI) Reports to * Collections Manager Environmental and Physical Activity Requirements: This job operates in a professional office environment.

Collections Officer

Moline, IL · On-site

$21.28 - $29.80/hr

Working knowledge of collateral protection insurance (CPI) Reports to * Collections Manager Environmental and Physical Activity Requirements: This job operates in a professional office environment.

Collections Officer

Moline, IL · On-site

$21.28 - $29.80/hr

Working knowledge of collateral protection insurance (CPI) Reports to * Collections Manager Environmental and Physical Activity Requirements: This job operates in a professional office environment.

Commercial Client Service Representative

San Antonio, TX · On-site

$14.50 - $18/hr

Resolves inbound and makes outbound service calls regarding routine collateral protection insurance coverage questions, inquiries and/or problems on the status of insurance on loans made by financial ...

Commercial Client Service Representative

San Antonio, TX · On-site

$14.50 - $18/hr

Resolves inbound and makes outbound service calls regarding routine collateral protection insurance coverage questions, inquiries and/or problems on the status of insurance on loans made by financial ...

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Collateral Protection Insurance information

See salary details

$11K

$68.7K

$90.5K

How much do collateral protection insurance jobs pay per year?

As of Jul 15, 2026, the average yearly pay for collateral protection insurance in the United States is $68,749.00, according to ZipRecruiter salary data. Most workers in this role earn between $55,000.00 and $78,000.00 per year, depending on experience, location, and employer.

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.
More about Collateral Protection Insurance jobs
What cities are hiring for Collateral Protection Insurance jobs? Cities with the most Collateral Protection Insurance job openings:
What states have the most Collateral Protection Insurance jobs? States with the most job openings for Collateral Protection Insurance jobs include:
Infographic showing various Collateral Protection Insurance job openings in the United States as of July 2026, with employment types broken down into 96% Full Time, 3% Part Time, and 1% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $68,749 per year, or $33.1 per hour.
Loan Officer - 008838 & 008839

Loan Officer - 008838 & 008839

University of South Alabama

Mobile, AL • On-site

Full-time

Re-posted 18 days ago


University Of South Alabama rating

7.1

Company rating: 7.1 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

364th of 555 rated colleges and universities


Job description

Position Information
Position Number 008838 & 008839 Position Title Loan Officer - 008838 & 008839 Division Finance and Administration Department 170000 - Office of VP Fin and Administration Minimum Qualifications
High school diploma or equivalent and four years of directly related experience. An equivalent combination of education and experience may be considered.
Preferred Qualifications Job Description Summary
The University of South Alabama's Credit Union is seeking to hire a Loan Officer. Interested candidates should apply to be considered.
Essential Functions
These are the job duties required of the position.
Essential Functions
  • Assumes responsibility for processing loan requests and making sound judgement on granting loans to members, within the limits of established policies, legal requirements, and delegated authority.
  • Prepares loan documents, disburses loans, and files/maintains loan information as needed.
  • Denies loans that do not meet loan approval policies and mails the appropriate notices.
  • Processes automobile and boat titles and submits them to the State of Alabama.
  • Maintains current titles and UCC-1s on existing loans.
  • Monitors collateral protection insurance on secured loans.
  • Processes collection actions on past-due loans, VISAs, and overdrawn share accounts.
  • Documents all in-house collection activity.
  • Determines if a collection account is place with a collection agency, repossession agency, or attorney as needed.
  • Regular and prompt attendance.
  • Ability to work schedule as defined and overtime hours as required.
  • Related duties as required.
Posting Information
Number of Vacancies 1 Position End Date (if temporary) Job Open Date 10/03/2025 Job Close Date Open Until Filled Yes Special Instructions to Applicants Working Days Monday - Friday Working Hours 8:00 a.m. - 5:00 p.m. Job Location Main Campus Full-time or Part-Time Full Time Regular or Temporary Regular

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