Commercial Loan Insurance Specialist I

Univest Financial Corporation (UVSP), has approximately $8.1 billion in assets and $5.2 billion in assets under management and supervision (as of December 31, 2024). Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full-range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed to Local giving program is one of the things that differentiates us. In 2024, Univest donated $2.1 million to our local nonprofits and our employees volunteered more than 16,000 hours.

At Univest we invest in the success of our employees and customers. We offer our employees the ability to be their authentic selves, while fostering a culture and an environment that inspires change and inclusivity. We seek career-focused individuals, looking to bring passion and creativity to drive change. Our employees are encouraged to work collaboratively and embrace innovation to deploy needs-based financial solutions in the communities we serve.

We're hiring a Commercial Loan Insurance Specialist I to join our Team.

Accountable for interpreting and translating complex insurance documents to ensure Bank's collateral position is protected and to reduce losses.

Research and provide actionable advice, consultative guidance and subject-matter expertise to all lending and loan operations personnel related to insurance compliance, coverage, and documentation throughout all phases of lending and loan operations processes.

Work large volumes of insurance mail daily as uploaded from LockBox. Ensure that all info/policies are uploaded for weekly export to vendor.

Ensure all insurance related documents and correspondence are input to into Jack Henry and uploaded to Synergy.

Monitor a team email inbox and ensure that customer related issues are resolved in a timely manner.

Serve as a resource to internal and external auditors and examiners related to requests for insurance related documentation.

Accountable for compliance with laws and regulations that apply to this position including the Univest Code of Conduct.

Perform other duties as assigned.

• High School Diploma or GED Equivalent and 1 year Insurance/Collateral/Loan Operations experience or 1 year experience in an office or financial institution
• Ability to read, comprehend and discern inconsistencies/errors in consumer, commercial and mortgage insurance documents
• Fundamental knowledge of insurance practices related to hazard, general liability, builder's risk, property, and condo insurance
• Excellent organizational skills with ability to multi-task under tight time constraints
• Proven attention to detail and accuracy to ensure audit and regulatory compliance
• Strong problem solving and customer service skills
• Ability to communicate in a professional manner with internal and external customers, both verbally and written
• Experience with Microsoft Office Suite.
• Experience with Salesforce/nCino
• Experience with Jack Henry Silverlake and Synergy a plus

Wage Range:

The salary for this position ranges from $15.63 to $19.71

Benefits Overview:

Univest offer's a comprehensive benefits package that includes:

• Health Insurance: Medical, dental and vision coverage (single or family; begins the first of the month following start date)
• Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
• Paid Time Off (PTO): 15 days annually (prorated your first year)
• Short Term Disability: 10 days annually of sick time with a doctors note (prorated your first year)
• Holiday Time Off: 11 paid holidays
• Commissions: paid quarterly based on individual and team production
• We offer company paid life insurance: as well as other supplemental insurances
• Tuition reimbursement
• Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
• Discounts: on loan products
• Professional development trainings

Click here for Benefit Information

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An Equal Opportunity Employer. Univest does not discriminate against any applicant for employment because of race, color, religion, religious creed, ancestry, national origin, age, sex, disability or protected veteran status.

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