Description
INSURANCE SPECIALIST
WHAT IS THE OPPORTUNITY?
The Insurance Specialist will be responsible for managing and coordinating all insurance-related functions for the bank's commercial clients. This role involves evaluating insurance requirements, ensuring compliance with regulations and bank policies, and supporting clients in obtaining appropriate coverage for their financial lending activities.
WHAT WILL YOU DO?
- Evaluate and verify insurance policies for commercial loan clients to ensure adequate coverage and compliance with bank requirements.
- Act as a liaison between the bank, clients, and insurance agencies to resolve coverage issues and obtain necessary documentation.
- Ensure all insurance documents meet regulatory, legal, and bank-specific compliance standards.
- Provide guidance to commercial banking clients regarding insurance needs related to loan agreements, including flood, property, liability, and business interruption insurance.
- Collaborate with Relationship Managers and Loan Officers to support client onboarding and ongoing portfolio reviews.
- Evaluate and verify insurance policies for commercial loan clients to ensure adequate coverage and compliance with bank requirements.
- Act as a liaison between the bank, clients, and insurance agencies to resolve coverage issues and obtain necessary documentation.
- Ensure all insurance documents meet regulatory, legal, and bank-specific compliance standards.
- Provide guidance to commercial banking clients regarding insurance needs related to loan agreements, including flood, property, liability, and business interruption insurance.
WHAT DO YOU NEED TO SUCCEED
Required Qualifications*
- Bachelor's Degree or equivalent
- Minimum 3-5 years experience in Commercial Banking, insurance or risk management, preferably in a financial institution setting.
- Previous client-facing roles is preferred.
- Project Management skills, ability to prioritize tasks and adapt to changing priorities
- Organizational and time management skills
- Recommended experience: Prior closing experience, credit experience or understanding of experience
- Understanding of bank policies and procedures relating to the satisfaction of Insurance conditions, documents, and services
WHAT'S IN IT FOR YOU?
Compensation
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
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