Assistant Insurance Specialist in Overland Park, KS at Key Bank- Corporate

Date Posted: 3/9/2018

Job Snapshot

  • Employee Type:
  • Location:
    11501 Outlook Street
    Overland Park, KS
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

Under the direction of the department manager and/or supervisor, the person in this position will be responsible for managing and inputting the data to be used for tracking insurance on all commercial real estate loans. The Assistant Insurance Specialist will handle all aspects of the database: input and updates to data, generation of reports and letters, and other duties as assigned. This person is responsible for acting in the most timely, efficient and responsible manner to protect the interest of the investors pursuant to the mortgages serviced for them.

  • Manage and update the data contained in the servicing system to reflect the current status regarding insurance policy effective dates, coverage amounts and premiums.
  • Review, analyze and interpret all types of property and liability insurance policies, for commercial loans to update the policy data contained in the servicing system.
  • Assist the Insurance Specialists as requested.
  • Monitor to ensure the collection of the necessary documentation needed to determine that all non-escrowed and escrowed loans for a given pool have adequate insurance policies in force.
  • Monitor and accurately disburse the payment of all insurance premiums for the commercial mortgage loans assigned, if any, for which there are escrow funds being held and any force place insurance premiums.
  • Generate correspondence and correspond verbally as necessary with borrowers, insurance agents, and insurance companies to gather insurance information and/or resolve any issues or discrepancies related to insurance according to department policies and procedures.
  • Assist Administrative Assistant, as necessary, on processing and distribution of all mail coming into the Insurance Loan Servicing Department.
  • Interact with Escrow Analysis Department to resolve any issues or discrepancies related to insurance premiums and data entry.
  • Coordinate the receipt of all incoming servicing loan files
  • Assist the department supervisor and/or manager with other duties as assigned
  • Maintain reports as required for investor reporting as assigned
  • High school diploma or equivalent
  • Ability to work in a team environment
  • Excellent organizational skills
  • Must be detail oriented and able to manage multiple tasks in a high volume environment
  • Data processing/entry & customer service experience
  • Excellent typing and proofreading skills
  • Commercial loan document experience
  • Records management experience
  • Some college preferred
Efficient in the use of standard office software packages, such as Microsoft Word, Excel Outlook email, etc.

P.C. Standard office equipment (phone, fax, copier, calculator)

On the job training as required

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

Key Corporate Bank is a full-service corporate and investment bank serving the needs of mid- to large- sized businesses and focusing principally on middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector, and real estate.


KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 24691BR