At a Glance
- Tasks: Manage credit union collateral and ensure compliance with laws and procedures.
- Company: Join a supportive credit union focused on member satisfaction and community impact.
- Benefits: Enjoy competitive pay, comprehensive health plans, 401(k) matching, and tuition reimbursement.
- Other info: Opportunities for advancement based on performance and experience.
- Why this job: Make a difference in members' lives while developing valuable skills in insurance and finance.
- Qualifications: High school diploma required; strong communication skills and knowledge of insurance preferred.
The predicted salary is between 40000 - 60000 £ per year.
Overview
Reports To: Senior SC Insurance Control Officer
Primary Functions: Controlling adverse actions associated with credit union collateral.
Duties and Responsibilities:
- Comply with federal, state and local laws and credit union procedures and practices regarding adverse actions involving credit union collateral.
- Maintain records and adherence to department procedures and practices for secretions claims for collateralized loans.
- Maintain records and adherence to department procedures and practices for protection of credit union collateral when impounded by private or public agencies.
- Maintain records and adherence with department procedures and practices for member and insurance company contact during total loss claims involving credit union collateral.
- Maintain records and adherence with department procedures and practices for refund of After Market Products for repossessed collateralized loans.
- Maintain records and adherence with department procedures and practices for Collateral Protection Insurance damage and reimbursement claims for repossessed collateral.
- Support Collateral Protection Insurance program administrative functions necessary to include, but not limited to processing claims, premiums, refunds, billings, file maintenance and posting.
- Maintain 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.
Experience/Skills: Requires good written and verbal communication skills. Knowledge of laws and regulations involving repossession, foreclosures and insurance claim processing preferred.
Tenure:
- Special Credits Insurance Control Officer II (Category 11) requires one year as a Special Credits Insurance Control Officer I (Category 12).
- Special Credits Insurance Control Officer III (Category 10) requires 12 months tenure in the Special Credits Insurance Control Officer II (Category 11).
- Assignment to the Senior Special Credits Insurance Control (Category 09) will be determined by the candidate's education or experience.
- 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
Salary Pay Range:
- Special Credits Insurance Control Officer I (Category 12): $53,226 - $81,405 annually
- Special Credits Insurance Control Officer II (Category 11): $57,484 - $90,230 annually
- Special Credits Insurance Control Officer III (Category 10): $63,233 - $99,908 annually
Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above. In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.
Benefits:
- Short-term and long-term incentives
- Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
- 401(k) plan with a 5% match
- Employee Assistance Program (EAP)
- Life and disability coverage
- Voluntary cash benefits for accident, hospitalization and critical illness
- Tuition Reimbursement
- Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Equal Opportunity Employer
Special Credits Insurance Control Officer I, II, III employer: Global Credit Union
As a Symitar Engineer at our company, you will thrive in a collaborative and innovative work culture that prioritises employee growth and development. With comprehensive benefits including tuition reimbursement and a robust 401(k) plan, we are committed to supporting your professional journey while ensuring a healthy work-life balance. Join us in a dynamic environment where your contributions directly impact our product development and business outcomes.
StudySmarter Expert Advice🤫
We think this is how you could land Special Credits Insurance Control Officer I, II, III
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Global Credit Union). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Global Credit Union. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Special Credits Insurance Control Officer I, II, III
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Global Credit Union.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Global Credit Union. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Global Credit Union
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Global Credit Union to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Global Credit Union, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Global Credit Union's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
