Silicon Valley Bank

Associate, Insurance Compliance

Silicon Valley Bank • $80K — $90K *
US-Anywhere
+ 4 other locationsRemote
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 1-3 years of experience in commercial real estate mortgage insurance compliance or related fields.
  • Strong knowledge of core insurance coverages including Property, Liability, Auto, and more.
  • Proficiency in Microsoft Office applications.
  • Capacity to prioritize multiple assignments and meet critical deadlines.
  • Demonstrated ability to handle confidential information with discretion.
  • Flexible approach to work, adapting to tight deadlines and changes in priorities.

Responsibilities

  • Review insurance policy renewals to ensure compliance with loan documents and investor requirements.
  • Remedy non-compliant insurance issues through effective communication with Agents/Brokers and Borrowers.
  • Respond promptly to inquiries from both internal and external customers, coordinating with management as necessary.
  • Monitor reports and deadlines, proactively updating portfolio status to the manager or team lead.
  • Utilize Servicing System and software applications for conducting insurance reviews.
  • Stay updated on regulatory requirements affecting various insurance products and ensure team awareness.
  • Engage in other assigned projects and duties as needed.

Benefits

  • Health insurance coverage.
  • Accidental and life insurance benefits.
  • Retirement benefits through a structured plan.
  • Opportunities for cash bonuses and long-term incentives.
Full Job Description

Purpose and Job Summary:

The Associate role is primarily responsible for a portfolio of loans to ensure the insurance obligations as required through loan documents and various investor requirements are maintained by analyzing property, liability, and regional perils to mitigate coverage limits, deductible and other identified deficiencies through correspondence with the Borrower and the Agent to bind adequate coverage on an annual basis.

Essential Duties and Responsibilities:

  • Knowledge of core insurance coverages such as Property, Liability, Auto, Crime, Wind/Named Storm, Flood, and Earthquake etc. 
  • Review insurance policy renewal information from borrowers and or agents prior to the due date to ensure policy compliance with loan documents/investor and lender requirements. 
  • Ability to remediate non-compliant insurance issues through timely requests for additional information and corrective measures through correspondence with the Agent/Broker and/or Borrower. 
  • Respond timely to inquiries from internal and external customers, ensuring that the proper notification, escalation, communication, and coordination occurs with management related to the performance of job duties, as needed. 
  • Monitor reports and deadlines to ensure work is completed in advance of set timelines, proactively communicating portfolio status with manager or team lead as needed. 
  • Utilize the Servicing System and other software applications to facilitate insurance reviews. 
  • Stay abreast of regulatory requirements relative to the various product types and ensure team members are aware of any internal or external policy or regulatory changes, as appropriate. 
  • Other projects and duties as assigned.


Education, Skills and Experience:

  • At least 1-3 years of experience in commercial real estate mortgage industry of insurance compliance processing and/or experience in Commercial Insurance selling, underwriting or claims 
  • Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; sense of urgency and attention to detail. 
  • Ability to manage multiple assignments and transactions simultaneously. 
  • Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities. 
  • Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team. 
  • Flexibility and ability to work under pressure with tight deadlines and constant interruptions; Ability to adjust priorities in a changing environment. 
  • Proficiency in Microsoft Office
  • Bachelor's degree preferred but not required. 

Annual base salary gross: $80,000 - $90,000 (MN only). The base salary range represents the estimated low and high end of ORIX’s salary for this position based on geography. Actual base salaries will vary and will be based on various factors, such as candidate’s qualifications, skills, competencies and proficiency for the role. The base pay is one component of ORIX’s total compensation package for employees. Other rewards and benefits include cash bonuses, long term incentives, health insurance, accident and life insurance, and retirement benefits.  Please visit our page for additional information.

About Silicon Valley Bank

Silicon Valley Search Group is a recruiting and staffing firm that serves their clients by providing the best talent in career services. They focus on finding the most talented professionals to place with top employers in difficult-to-find industries where they are needed, appreciated, and can contribute to a company team.

Silicon Valley Bank Careers

Join the dynamic team at Silicon Valley Bank, a premier financial institution that stands at the forefront of innovation and leadership in the banking industry. As a vital part of our growth, we offer a range of job opportunities that promise not only professional enrichment but also a commitment to diversity and personal development.

Work You’ll Do

At Silicon Valley Bank, we are dedicated to helping innovative companies and their investors move bold ideas forward, fast. Here, your work will directly influence the success of the technology and life sciences sectors. Our team’s broad skills and robust knowledge base make us a prime leader in our industry, providing top-tier financial services and advice.

Explore a Wealth of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Silicon Valley Bank has a place for you. We are hiring creative, solution-driven team players who are ready to contribute to our culture of innovation. With Silicon Valley Bank, career advancement is fostered through mentorship, leadership training, and access to global networks.

Innovate at the Intersection of Technology and Finance

Join our team and be part of a company known for its pioneering spirit. Silicon Valley Bank is not just about banking; it’s about transforming the tech and finance industries together. Our employees benefit from a unique environment where they can see the tangible impact of their work on the world’s most innovative businesses.

Develop Your Career with Our Support

Silicon Valley Bank is committed to the growth and development of its employees. We offer comprehensive benefits, diversity training, and professional development programs that are designed to help you excel both personally and professionally. From networking events to skill-building workshops, every resource is aimed at enhancing your career trajectory.

Be Part of Our Inclusive Culture

Our commitment to diversity and inclusion is integral to our company ethos. At Silicon Valley Bank, every team member’s voice is valued, and we strive to create a workplace where everyone can thrive. Our inclusive culture fosters innovation, leadership, and a shared commitment to excellence.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, and innovative professionals eager to drive change and lead the future of banking. Explore the job opportunities at Silicon Valley Bank and find out how your talent can make a real difference.

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Apply Now

Ready to take the next step in your career? Submit your resume, prepare for your interview, and join a team that’s redefining the world of finance. At Silicon Valley Bank, your future is waiting.

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Learn more about Silicon Valley Bank
Size
7,149 employees
Market Cap
$12.7 billion
Industry
Finance & Insurance
Net Income
$1.2 billion
5 Year Trend
+22.5%
NASDAQ
SIVB
* Ladders Estimates

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