OverviewWho we're looking for The Sr. Commercial Insurance Analyst plays a critical role in the lifecycle of our commercial loan products. Serving as a key operational control point supporting the ongoing monitoring and administration of insurance requirements across commercial lending activities, the role ensures that insurance documentation and coverage are maintained in accordance with applicable banking regulations, internal policies, commercial lending requirements, collateral protection standards, and audit expectations.
This position partners with our Legal, Compliance, Risk Management, and Sales teams to mitigate operational and regulatory risk while maintaining a high-quality dealer experience that is seamless and compliant. The Analyst will support a diverse portfolio of commercial lending products by monitoring insurance compliance for commercial real estate (CRE) loans, commercial construction loans, and wholesale inventory financing (floorplan). The Sr. Commercial Insurance Analyst provides comprehensive operational and compliance support by coordinating insurance review activities, maintaining documentation, maintaining procedures that support regulatory and policy requirements, providing reporting, and partnering with internal stakeholders to ensure adherence to applicable laws, regulations, policies, and industry standards.
The role proactively identifies insurance and compliance risks, supports audit readiness, identifies process improvement opportunities, and contributes to the development and implementation of control processes and procedures. The ideal candidate will possess strong attention to detail, a deep understanding of commercial insurance requirements, and the ability to coordinate multiple third-party vendors, insurance agents, and internal stakeholders.
What you'll be doing - Review Certificates of Insurance (COIs) for new and existing TFS and Private Label Group commercial loans, including renewals.
- Verify coverage types, limits, deductibles, endorsements, insured parties, loss payee language, and policy dates against applicable requirements.
- Monitor expirations and coverage changes, and coordinate with a third-party vendor to obtain and process renewal documentation on time.
- Identify documentation gaps and coverage exceptions, and work with dealers, borrowers, insurance representatives, and internal teams to resolve them.
- Maintain insurance records, tracking tools, and reports on coverage status and open exceptions to support portfolio oversight and audit readiness.
- Improve insurance review and tracking processes to reduce delays while maintaining controls.
- Update insurance policies, procedures, and training materials as requirements or internal standards change, and support Commercial Services projects, system enhancements, and field training as needed.
What we'll bring During your interview process, our team can fill you in on all the details of our industry-leading benefits and career development opportunities. A few highlights include:
- A work environment built on teamwork, flexibility, and respect
- Professional growth and development programs to help advance your career, as well as tuition reimbursement
- Team Member Vehicle Purchase Discount
- Toyota Team Member Lease Vehicle Program (if applicable)
- Comprehensive health care and wellness plans for your entire family
- Toyota 401(k) Savings Plan featuring a company match, as well as an annual retirement contribution from Toyota regardless of whether you contribute (if applicable)
- Paid holidays and paid time off
- Referral services related to prenatal services, adoption, childcare, schools and more
- Tax Advantaged Accounts (Health Savings Account, Health Care FSA, Dependent Care FSA)
- Relocation assistance (if applicable)
