At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Job Description

Job Description:

This position is responsible for compliance with Flood Disaster Protection Act (FDPA) through analysis of real estate provided as collateral for loans within flood prone areas ensuring appropriate levels of flood insurance and adherence to regulatory timeframes set forth by the FDPA and Office of the Comptroller of the Currency (OCC).

Orders flood determinations and reviews to determine if the collateral is in a special flood hazard area requiring flood insurance. Utilizes collateral valuation details such as appraisals, hazard insurance policies or municipal assessments to complete Flood Calculation Worksheets to establish regulatory minimum level of flood coverage required.

Corresponds with flood determination and force place insurance vendors on a daily basis to ensure the information received is accurate and insurance coverage requirements are appropriate. Conveys insurance coverage requirements to customers, Commercial Relationship Managers and business line support to ensure protection of bank collateral and adherence to regulatory requirements.

Monitors loan collateral insurance coverage including insurance expiry dates to ensure coverage is maintained by the borrower. Researches and communicates FEMA mapping changes to customers, which may cause changes to coverage requirements. Works closely with the customer to resolve issues and validates the appropriate insurance is obtained.

Reviews cancellations and renewals for appropriate coverage in a timely manner. Follows FDPA prescribed timelines to prepare 45 day notice to customer of flood insurance coverage change or cancellation. Obtains the appropriate levels of force placed insurance when necessary, providing all regulatory notices to the customer.

Reviews monitoring reports to ensure data integrity. Creates and maintains Flood Insurance files to ensure accurate and complete records of all flood related activities and for use in compliance reviews by audit examiners.

Adheres to compliance procedures and internal/operational risk controls in accordance with any and all applicable regulatory standards, requirements, and policies.

Basic Qualifications

• High School diploma or equivalency required.
• 2 years relevant experience.

Preferred Skills/Experience

• Ability to read and interpret basic legal documents, real estate appraisals, evaluations and regulatory requirements.
• Ability to manage multiple priorities within tight deadlines and maintain a high level of accuracy in a multi task environment.
• Strong written and verbal communication skills to communicate effectively and clearly with a broad range of external clients and vendors as well as employees throughout the organization.
• Ability to remain calm, courteous and professional when handling difficult customer conversations.
• Must be able to work well in a team environment.
• Strong PC skills required, including spreadsheets, word processing and internal software. Ability to learn to use specific applications as needed.

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.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.

Benefits:
Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

EEO is the Law
Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law poster.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.