Flood Insurance Compliance Specialist

JOB FUNCTION / SUMMARY:

Performs analytical and verification functions to ensure compliance with federal regulatory guidelines and internal bank policies and procedures, specifically related to the Credit Reinvestment Act, Home Mortgage Disclosure Act, and the National Flood Insurance Protection Act. Provides an adequate level of expertise in bank operations, risk management, and problem solving.

ESSENTIAL DUTIES & RESPONSIBILITIES:

Performs detailed analysis of appraisals, approvals, Flood determinations and insurance policies for Commercial, Consumer and Construction loans secured by Real Estate .

Performs calculations to ascertain required coverage amount of insurance while adhering to regulatory and internal policy guidelines associated with flood compliance.

Reconciles all discrepancies associated with insurance policies prior to loan closings, working closely with insurance agents and appraisers as required.

Collaborates with Lenders, Appraisers, Outside Counsel and other internal departments to resolve issues timely prior to loan closing

Interprets and identifies compliance risks associated with the review. Stays abreast of regulatory changes, federal and state banking laws affecting both regulations.

Ability to meet stringent turn-around times established for loan closings and regulatory timelines associated with verification and submission of data; Proficient in addressing large volumes and managing stress.

Provides support documentation and compile responses for internal and external audits; Develops procedural manuals and job aids as required.

Compiles metrics for unit-based on volume and exception ratios; Assists as needed in department special projects

SUPERVISORY RESPONSIBILITIES:

None

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:

Bachelor’s degree in business administration is preferred or related work experience

3-5 years Lending Services and/or Compliance experience

No certification, licensure or registrations are required to successfully apply for this job; however, the following certifications from Hancock Whitney’s Computer Based Training (CBT) are required, if applicable, once in this position:

Flood Insurance Compliance;

Strong verbal and written communication skills to effectively communicate with a variety of audiences and multiple levels of management

Proficient operation of Microsoft Office Products such as Outlook, Word, Excel, and PowerPoint

Ability to establish and maintain a high level of credibility with all levels of internal customers

Detail oriented and ability to prioritize tasks effectively

Strong interpretative skills and ability to make autonomous decisions.

Ability to formulate sound conclusions and choose optimal course of action based on analysis

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:

Ability to work under stress and meet deadlines

Ability to operate a keyboard to perform the essential job functions

Ability to read and interpret a document to perform the essential job functions

Ability to travel if required to perform the essential job functions

Ability to lift/move/carry approximately 10 pounds to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.