Special Credits Insurance Control Officer I

at  Global Credit Union

Overview:
Reports To: Senior SC Insurance Control Officer
Primary Functions: Controlling adverse actions associated with credit union collateral.

• Comply with federal, state and local laws and credit union procedures and practices regarding adverse actions involving credit union collateral.
• Responsible for maintaining records and adherence to department procedures and practices for secretions claims for collateralized loans.
• Responsible for maintaining records and adherence to department procedures and practices for protection of credit union collateral when impounded by private or public agencies.
• Responsible for maintaining records and adherence with department procedures and practices for member and insurance company contact during total loss claims involving credit union collateral.
• Responsible for maintaining records and adherence with department procedures and practices for refund of After Market Products for repossessed collateralized loans.
• Responsible for maintaining records and adherence with department procedures and practices for Collateral Protection Insurance damage and reimbursement claims for repossessed collateral.
• Responsible for administrative functions necessary to support Collateral Protection Insurance program to include, but not limited to processing claims, premiums, refunds, billings, file maintenance and posting.
• Responsible for maintaining records and adherence with department procedures and practices for proof of insurance or insurance cancellations letters received by member(s) and applicable refunds amounts within Special Credits.
• Perform other duties as assigned.
  Qualifications:
  Education: High school diploma or equivalent.
  Creditable Experience in Lieu of Education: N/A
  Experience/Skills: Requires good written and verbal communication skills. Knowledge of laws and regulations involving repossession, foreclosures and insurance claim processing preferred.
  Tenure: SC Insurance Control Officer II, category 11, requires one year as an SC Insurance Control Officer I, category 12. SC Insurance Control Officer III, category 10, requires twelve months tenure in the SC Collateral Control Officer II, category 11. Advancement requires management recommendation and will be based on the candidate’s performance. At management’s discretion, directly related work experience and/or accelerated training completion may be substituted for tenure.
  Compensation: