Insurance Specialist Opportunity
The Insurance Specialist will be responsible for managing and coordinating all insurance-related functions for the bank's commercial clients. This role involves evaluating insurance requirements, ensuring compliance with regulations and bank policies, and supporting clients in obtaining appropriate coverage for their financial lending activities.
What Will You Do?
- Evaluate and verify insurance policies for commercial loan clients to ensure adequate coverage and compliance with bank requirements.
- Act as a liaison between the bank, clients, and insurance agencies to resolve coverage issues and obtain necessary documentation.
- Ensure all insurance documents meet regulatory, legal, and bank-specific compliance standards.
- Provide guidance to commercial banking clients regarding insurance needs related to loan agreements, including flood, property, liability, and business interruption insurance.
- Collaborate with Relationship Managers and Loan Officers to support client onboarding and ongoing portfolio reviews.
What Do You Need To Succeed?
Required QualificationsBachelor's Degree or equivalentMinimum 3-5 years experience in Commercial Banking, insurance or risk management, preferably in a financial institution setting.Previous client-facing roles is preferred.Additional QualificationsProject Management skills, ability to prioritize tasks and adapt to changing prioritiesOrganizational and time management skillsUnderstanding of bank policies and procedures relating to the satisfaction of Insurance conditions, documents, and servicesWhat's In It For You?
Compensation Starting base salary : $34.55 - $55.19 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and / or commissions.
Benefits and Perks
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start dateGenerous 401(k) company matching contributionCareer Development through Tuition Reimbursement and other internal upskilling and training resourcesValued Time Away benefits including vacation, sick and volunteer timeSpecialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programsCareer Mobility support from a dedicated recruitment teamColleague Resource Groups to support networking and community engagementAbout Us
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.
Inclusion and Equal Opportunity Employment
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.