Silicon Valley Bank

Senior Associate, Asset Tax & Insurance

Silicon Valley Bank • $80K — $95K *
US-Anywhere
+ 2 other locationsRemote
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree preferred, not required
  • 3-5 years in insurance selling, underwriting, claims, or CRE insurance
  • 3-5 years in commercial real estate mortgage insurance compliance processing
  • Ability to clearly communicate insurance concepts to others
  • Proficient in Microsoft Office and other relevant systems
  • Excellent organizational and interpersonal skills
  • Demonstrated ability to work independently and as part of a team

Responsibilities

  • Utilize software for insurance reviews and compliance documentation
  • Maintain knowledge of lender insurance requirements
  • Ensure accuracy of insurance files and documentation
  • Review policy documentation for compliance with loan requirements
  • Request additional information and corrective actions from parties
  • Communicate proactively with clients on non-compliance issues
  • Monitor and communicate portfolio status and deadlines to management
  • Assist and train junior team members on tasks and procedures

Benefits

  • Travel requirement of 10%
  • Professional development opportunities
  • Collaborative team environment
  • Exposure to senior management and leadership
Full Job Description
Purpose and Job Summary:
The primary focus of the position is to provide outstanding service to internal and external clients and to aid in the effective management of our complex insurance portfolio. This position will be a subject matter expert to both the department and the leadership team, demonstrating a high level of knowledge of the insurance compliance review process and overarching insurance market trends.

This position is required to provide management, leadership and direction to the insurance analysts along with maintaining a portfolio of loans. Analysts are responsible for completing an insurance compliance review for each collateral within our Servicing portfolio aligned with pre-funding insurance or post-close annual compliance review. This includes, but is not limited to, ACORD and/or insurance policy review, third party report analysis, annual premium documentation, and any corresponding insurance waiver risk analysis.

The position will also provide leadership and direction to more junior members of the team. Performance of these duties at a high level of accuracy and responsiveness is critical to the department in order to respond to time sensitive requests & other key functions that ensure the lender remain in compliance with all of the investors we service.

Essential Duties and Responsibilities:

Utilize the Servicing System and other software applications to facilitate insurance reviews and accurately document the status of the annual compliance review.

  • Maintain strong knowledge of lender insurance requirements, including Freddie Mac, Fannie Mae, FHA and other lenders as assigned.
  • Ensure all insurance files, pre-close or servicing, include accurate representation of loan requirements, third party report confirmation, flood determination, and other confirmations as required.
  • Review policy documentation from borrowers and insurance agents prior to the due date, ensuring insurance policy compliance with loan documents and/or lender requirements.
  • Make timely requests for additional information and corrective measures with both internal and external parties.
  • Remediate non-compliant insurance with clients, engaging in proactive communication with both the borrower and insurance agent to obtain clarification on insurance coverage limits, policy structure, or deductibles.
  • 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.
  • Assist junior team members with workflow to ensure deadlines are met.
  • Train and develop junior team members on core position requirements and functions, ensuring consistent attention to detail across all team members.
  • Quality check and provide feedback to team members, communicating training gaps to both the team member and manager.
  • Assist in compiling data samples for department and/or lender audits, as requested by manager.
  • Work professionally and harmoniously with team and coworkers.
  • Travel Requirements - 10%
  • Other projects and duties as assigned.


Contacts:

This position has frequent contact with all levels of employees and management. In addition, this role may interact with outside business partners, vendors, consultants, and other office visitors.

Education, Skills and Experience:
  • Bachelor's degree preferred but not required.
  • 3-5 years of experience in insurance selling, underwriting, claims, or CRE insurance.
  • 3-5 years of experience in commercial real estate mortgage industry of commercial insurance compliance processing.
  • Ability to educate others, able to translate insurance concepts into clear actionable information/instruction. List additional Skills/Experience.
  • Proficiency in Microsoft Office and list other relevant systems or software.
  • Excellent organizational, communication, presentation, and interpersonal skills.
  • Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; 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.


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.

Stay Connected

Keep up to date with career tips, industry insights, and insider perspectives—all from the people who work here. Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities waiting for you at Silicon Valley Bank.

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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