Summer 2018 Loan Servicing Insurance Intern- Overland Park, KS in Overland Park, KS at Key Bank- Campus

Date Posted: 2/7/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    11501 Outlook Street
    Overland Park, KS
  • Job Type:
    Banking
  • Experience:
    Not Specified
  • Date Posted:
    2/7/2018
  • Job ID:
    27497BR

Job Description

JOB BRIEF (PURPOSE):
The Insurance Internship Program is intended to provide aspiring business professionals with a fulfilling and educational work experience that is designed to help Key achieve its business goals.

ESSENTIAL JOB FUNCTIONS:
•Review, analyze and interpret all types of property and liability insurance policies, operating statements and property appraisals for commercial loans to ensure compliance with the loan documents, investor requirements and internal policies and procedures.
•Manage and ensure the data contained in the servicing system is updated to reflect the current status regarding insurance policy effective dates and coverage amounts.
•Monitor and manage the disbursement of payment of all insurance premiums for the commercial mortgage loans for which there are escrow funds being held and any force place insurance premiums.
•Monitor and collect the necessary documentation to determine that all non-escrowed loans have adequate insurance policies in force. Initiate and oversee any forced place insurance coverage that is required due to inaction of the borrower.
•Oversee and administer all casualty losses incurred on the commercial properties. This includes, but is not limited to, analyzing the severity of the loss by reviewing loss affidavits, engineering reports, etc., arranging property inspections, and processing disbursement requests from the loss proceeds.
•Correspond, either verbally or in writing, as necessary with borrowers, insurance agents, and insurance companies to resolve any issues or discrepancies related to insurance.
•Interact with internal departments as needed to resolve any issues or discrepancies related to insurance.

MARGINAL OR PERIPHERAL FUNCTIONS:
Other duties as assigned

REQUIRED QUALIFICATIONS:
Coursework in Business Administration, Real Estate, Finance, Risk Management, or Insurance
3.2 or higher GPA
Bachelor degree seeking will graduate by May 2019
Demonstrated teamwork and leadership through extracurricular activities

PREFERRED QUALIFICATIONS:
Proficiency in Microsoft Excel
Proficiency in Microsoft Word
Strong analytical skills
Excellent written and verbal communication skills
Detail oriented
Strong problem solving skills
Strong organizational skills

EQUIPMENT USED:
Hardware: PC, phone, fax, copier, 10-key calculator
Software: Microsoft Word and Excel, Outlook

TRAINING REQUIRED:
Classroom and on-the-job mentor training program
Continuing and ongoing training as needed




ABOUT KEY:
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.

ABOUT THE BUSINESS:
Key’s Campus Programs include opportunities for interns, full time Analysts, and advanced degree individuals as follows: - As a KeyBank intern, you will gain hands-on experience working on various projects and networking with management and other professionals in selected areas during your 10 week program. Upon successful completion of the internship, you will have the opportunity to be considered for a full time role in the respective Analyst program upon college graduation of your bachelor or graduate degree. Some of the internship areas include Capital Markets, Corporate Finance, Human Resources, Internal Audit, Risk Management and Technology. - Key’s Analyst Programs work by combining on-the-job training, hands-on experience and department rotations while preparing you for a long-term career with Key. All Key Analysts begin their career with the JumpStart Program, a unique onboarding experience for new college graduates. Each program will have several weeks of foundational training to enhance your technical and business skills. - Key offers opportunities for advanced degree graduates in areas such Capital Markets, Risk Management and Human Resources. Our Graduate Degree opportunities are direct hire placements into the line of business. You will have development experiences and training to get you started for a full time career at KeyBank.

FLSA STATUS:Non-Exempt

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: 27497BR

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