At U.S. Bancorp India, we’re on a journey to do our best. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bancorp India gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job DescriptionJob Description:
Insurance Monitoring Review Specialist performs activities overseeing insurance-related records, monitor policy compliance, and ensure accurate, timely tracking of coverage information. This role is responsible for reviewing insurance documentation, identifying gaps or discrepancies in coverage, maintaining up-to-date records, and communicating with internal teams, clients, carriers, or vendors as needed. The ideal candidate has strong analytical skills, excellent attention to detail, and a solid understanding of insurance processes and compliance requirements.
Role Responsibilities:
- Monitor insurance policies, renewals, cancellations, and expirations to ensure continuous and compliant coverage.
- Review policy documents and related records for accuracy and completeness.
- Identify missing, expired, or insufficient coverage and follow up with the appropriate parties to resolve issues.
- Maintain accurate insurance tracking systems, databases, and documentation.
- Verify coverage against company, contractual, regulatory, or lender requirements.
- Generate routine and reports on coverage status, exceptions, and compliance issues for management and stakeholders.
- Coordinate with insurance carriers, brokers, agents, clients, and internal departments to obtain updated information and resolve discrepancies.
- Track regulatory or procedural changes affecting insurance documentation and monitoring requirements.
- Support process improvements to enhance efficiency, accuracy, and service quality.
Competencies:
- Attention to Detail
- Maintains high accuracy to prevent downstream servicing or compliance issues.
- Time Management & Timeliness
- Meets daily reporting and system update deadlines while balancing accuracy.
- Process Adherence
- Consistently follows established mortgage servicing procedures and controls.
- Accountability & Ownership
- Takes responsibility for assigned updates and escalates issues appropriately.
- Analytical Review
- Identifies errors, trends, or missing data impacting modification reporting.
Skills:
- Microsoft Office proficiency
- Basic computer literacy
- Basic understanding of the associated operations, products/services, systems, and risks/controls applicable to assigned area.
- Basic understanding of applicable laws, regulations, financial services, and regulatory trends.
- Well-developed analytical skills.
- Proficient computer navigation skills, particularly word processing, spreadsheet, databases, and presentations.
- Effective verbal and written communication skills
Years of experience: 2-3 yrs of relevant years
Shift Timings – 9 AM to 6 PM IST
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
Posting may be closed earlier due to high volume of applicants.
This is an U.S. Bancorp India posting. U.S. Bancorp India is a part of the U.S. Bank family.
