Insurance Specialist

About the job Insurance Specialist


Insurance Specialist needs 3+ years' commercial lines insurance on-boarding vendor management

Insurance Specialist requires:

• 5 years' Certificate of insurance SME
• 3 years' vendor management
• 1 year CMMS, Service Channel/Fixxbok

Insurance Specialist duties:

• Provide expert knowledge of P&C insurance processes as it pertains to our coverage requirements
• Act as a liaison when reviewing and approving COI's submitted by insurance agents on behalf of potential service providers, or renewal review of expired COI's.
• Translate complex insurance concepts into clear actionable documentation of requirements Ie: Sample COI's
• Assist in the development and refinement of our current Certificate of Insurance Standards to match the industry standard on required coverages
• Lead and report on insurance recovery efforts for branch facilities, coordinating with relevant departments to ensure timely and effective management
• Ensure all Special Category vendors meet the bank's compliance requirements, including maintaining up-to-date insurance policies, trade licenses, and other necessary certifications
• Search vendors' trade and business licenses by state to ensure they are active and comply with regulatory standards
• Confirm that all vendors possess appropriate and valid trade licenses required for their specific services
• Serve as the point of contact for vendor onboarding within our CMMS system (Service Channel) for all of Corporate Real Estate ensuring smooth integration and compliance
• Collaborate with Facility Management to successfully identify gaps in coverage to source and onboard new vendors
• Organize and interpret data from ServiceChannel to generate actionable insights and support decision-making for branch facilities and maintenance