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

$73,400 - $99,300 ,

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

Qualifications

EverBank, N.A. and Sterling Bank and Trust, a division of EverBank, N.A. (together, the "Company") is committed to the well-being of its associates. That's why we offer a comprehensive Total Rewards package commensurate with the position and job-related qualifications, skills and knowledge. The Company's comprehensive Total Rewards package provides choice and flexibility and respects differences. The following benefits are available through the Company:

• Medical, dental, vision & HSA/FSA
• 401(k) savings
• Paid holidays & generous PTO
• Additional wellness & voluntary benefits
  
  

Additional Company-provided Benefit Options (subject To Plan Terms)

• Tuition reimbursement
• Commuter Benefits
• Life and Disability Insurance
  
  

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: 05/16/25