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Escrow Specialist

Organization

Republic Bank and Trust Company

Description

POSITION PURPOSE AND OBJECTIVES:
The Escrow Specialist position is accountable for providing the highest level of customer service to internal and external customers with operational integrity. Primary responsibilities include procurement and payment of assigned lender paid escrowed items, including Homeowners Insurance and Property Taxes prior to their due date avoiding any and all penalties and interest. This position will work under the direct supervision of the Escrow Supervisor.

Requirements

MINIMUM QUALIFICATIONS:
•High school diploma or equivalent required; some college preferred.
•Minimum of 1 year previous experience in a Loan Servicing or Financial Operations environment preferred.
•Demonstrated proficiency in Microsoft Office products (Word, Excel, Access, and PowerPoint) PDF and internet applications.

ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES:
•Contact clients, insurance companies and/or bank personnel concerning non receipt of hazard insurance premium renewal.
•Record receipt of taxes paid on non-escrow portfolio.
•Respond timely to miscellaneous tax and hazard insurance inquiries from clients and bank personnel.
•Responsible for the proper storage and verification of storage of pertinent documentation as required
•Conduct quality assurance reviews of hazard insurance and real estate tax payments to ensure compliance with investor requirements, city, school, county, state and federal governments, CFPB and RESPA.
•Adherence to established policies and procedures; collaborate with the Escrow Supervisor to amend assigned procedures immediately upon notification of change, addition or declination request.
•Obtain and review hazard insurance and real estate tax reporting and conduct maintenance or due diligence as required.
•Primary contact for assigned hazard insurance agencies and providers and real estate tax municipalities.
•Assist with systems testing to validate data, identify gaps or illogical errors.
•Monitors safeguards to ensure the integrity of our client’s personal and financial data.
•Willingly performs other duties and projects as assigned.

INTERPERSONAL SKILLS AND COMPETENCIES REQUIRED:
•Effective interpersonal, verbal and written communications skills.
•Demonstrates basic math and/or accounting principles as it relates to Loan Servicing.
•Requires ability to work independently and as a team, under pressure and deadlines.
•Ability to problem solve and evaluates a process for both potential risk and efficiency improvement.

PHYSICAL REQUIREMENTS:
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the associate is regularly required to sit, talk, hear and use hands to finger, handle, or feel objects, tools, or controls. The associate is occasionally required to stand and walk. The associate occasionally may lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. The noise level in the work environment is usually moderate.


OTHER REQUIREMENTS:
•Travel between Republic Banking facilities may be required.
•Requires a flexible work schedule that will include some evening and weekend work.
•Stay abreast of new developments, best practices and regulatory changes, including participation in all training provided.

**The above is intended to describe the general content of and requirements for the performance of this position. It is not construed as an exhaustive statement of duties, responsibilities or requirements.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees 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 the employer, or (c) consistent with the contractor’s legal duty to furnish information.

Type

Full-time

Work Schedule

Set Hours

Salary

Undisclosed

Benefits

Republic Bank knows it takes more than a competitive salary to fulfill associates’ needs. We also know that job satisfaction is about more than just the salary, which is why we offer a competitive benefit package for full and part-time associates.

Insurance plans that include: Health, Vision and Dental
Life Insurance & Long- and Short-term Disability Insurance
Flexible Medical and Dependent Care Spending Accounts
Health Savings Account
401(k) Plan with company match
Paid Time Off/Holidays
Tuition Reimbursement – Undergraduate and Graduate programs
Gym/Fitness Club Benefits
Associate Banking Services
Parking reimbursement for those associates who work at Republic Corporate Center or Republic Plaza
Employee Assistance Program(EAP)
Employee Referral Bonus Program
Wellness Program

Required Education

High School Diploma

Work Location

Louisville

Application Process

Please apply at our website:
www.republicbank.com/careers

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