AMVETS Jobs

Collateral Management Specialist, Life Lending

The Collateral Management Specialist is responsible for managing and monitoring collateral for premium financing loans, ensuring compliance with risk policies, and optimizing collateral efficiency. This role will have expertise in financial asset valuation, collateral tracking, and credit risk management, with a strong understanding of life insurance policies, brokerage accounts, and letters of credit.

Key Responsibilities and Duties

• Assesses, tracks, and manages collateral for life premium financing transactions.

• Acts as point person for opportunities to automate and streamline collateral workflows

• Conducts valuations of complex assets, including life insurance policies, deposit accounts, brokerage accounts, and letters of credit.

• Ensures all collateral meets the requirements outlined in the policies and procedures. Performs ongoing audits related to collateral pledged to the bank.

• Monitors fluctuations in collateral values and proactively address deficiencies.

• Maintains and updates salesforce, ensuring accurate and timely reporting. Prepares reports on collateral performance and potential risks for leadership.

• Ensures compliance with key risk indicators, collateral perfection standards, and regulatory requirements.

• Works closely with loan teams (Banker, credit officers, and customer success) to structure appropriate collateral solutions.

• Communicates with customers, facilitators, Life Insurance carriers, and financial institutions to obtain required collateral documentation and updates.

• Enhances collateral management processes and develop best practices for efficiency.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3+ Years Required; 5+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

7IC

Preferred Qualifications

• 3+ years of Life Lending/Premium Financing experience

• Experience working with brokerage statements, letters of credit & life insurance

• Strong communication and organizational skills

Posting End Date: 05/05/25

Job Seeker Notice

EverBank, N.A. and Sterling Bank and Trust, a division of EverBank, N.A. (together, the "Company") is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. As a pioneer in online banking, we offer convenient digital access for clients 24/7, in addition to phone banking services and a network of financial centers.

The Company's commitment is to deliver to our clients high-performing, high-yield solutions backed by exceptional service, always giving them the advantage they expect, to make the most of their money.

VEVRAA Federal Contractor

Member FDIC

Notice to Job Seekers (https://everbank.com/about/careers/notice-to-job-seekers)

Pay Range $73,400 - $99,300

EverBank, N.A. is an equal opportunity (EEO) employer, dedicated to maintaining a work environment free of bias, harassment, discrimination and retaliation. As an EEO employer, EverBank expressly prohibits discrimination, harassment and retaliation based on protected characteristics such as race, creed, ethnicity, color, age, religion, sex, sex stereotype, pregnancy, sexual orientation, gender, gender identity, gender expression, transgender status, marital status, national origin, ancestry, physical or mental disability, genetic history and information, or military or veteran status. Providing a safe, inclusive environment is a priority at EverBank and, consistent with that mission, EverBank considers all qualified applicants for employment regardless of protected status.

We will not discharge or in any other manner discriminate against associates or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another associate or applicant. However, associates who have access to the compensation information of other associates or applicants as a part of their essential job functions cannot disclose the pay of other associates or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by us, or (c) consistent with our legal duty to furnish information.