Retail Insurance and Escrow Analyst
Wsfs Financial

Philadelphia, Pennsylvania

This job has expired.





Position type: Full-time
Location: Philadelphia, PA or Wilmington, DE

Schedule: Monday – Friday 8am-5pm
Hybrid/Onsite


Description:

The Retail Insurance and Escrow Analyst will be the gate keeper and be responsible for oversight of sourced vendors who assist the Bank with Insurance and Real Estate Tax processing. Duties include but are not limited to payment distribution and ensuring insurance coverage is maintained for Real Estate and other secured loans. This entails thorough review of any reports provided by sourced vendors with prompts to perform action, correct issues or findings noted. The Incumbent will assist Management to administer the process of Insurance/Tax payments to vendors and agencies, for Escrowed Loans or the purchase for forced placement of Hazard and Flood policies as required. The Retail Insurance and Escrow Specialists will facilitate the transfer of funding and documentation to sourced vendors to validate proper receipt of Tax information/Insurance policies sent. The Incumbent will maintain the necessary documentation for reconciliation of general ledger or Bank accounts pertaining to all disbursements on behalf of the Bank. The Retail Insurance and Escrow Specialist will ensure that all regulatory requirements are met, as it pertains to Flood and Hazard Insurance, including those under the National Flood Insurance Program (NFIP) and Flood Disaster Protection Act (FDPA). The Incumbent will participate in system release testing and validation and will provide feedback to Management of findings as appropriate. The Incumbent will also participate in all training as required to maintain compliance under various regulatory statutes and internal policies and procedures as directed by Management and that the Bank’s Compliance department. The incumbent will work with Management and Compliance where applicable in updating policies, procedures, and developing various system processing workflows that pertain the Associates areas of responsibility.

Minimum Qualifications:

  • Minimum 5 years’ experience in Retail Loan Servicing or Originations
  • Minimum 3 years’ experience in handling Escrow Payments or Monitoring for Flood and Hazard Insurance
  • Thorough demonstrated knowledge of the NFIP and regulatory requirements relating to Escrow and Flood insurance compliance.
  • Must have a thorough and demonstrated understanding of retail lending banking regulations including but not limited to Truth in Lending (Reg. Z), National Flood Insurance Program requirements, Biggert/Waters Act, RESPA, Fair Lending, Fair Credit Reporting Act and BSA as it relates to the Retail lending function
  • Must have exceptional written and oral communication skills and be able to demonstrate such.
  • Must have excellent customer service skills.
  • Must have strong organizational and multi-tasking skills and be able to successfully work under pressure to meet strict deadlines
  • Must have a proven ability to develop relationships, with external sourced vendors and across the organization
  • Must have proficiency in Microsoft Office products including Word, Excel and Power Point.
  • Must be self-motivated and able to work with minimal supervision.
Inclusiveness:

WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at careers@ wsfsbank.com.

How do you get to be nearly 200 years old in a world that's constantly changing? For us, the answer has always been the same: create a team of Associates who are passionate about serving the community, and success will follow. Our Mission and Values serve as essential reminders about who we are and how we do business. WSFS is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.


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