What are the responsibilities and job description for the Advance Reconciliation Analyst (On-site) position at Newrez LLC?
Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.
We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
Position Summary
The Advance Reconciliation Analyst will be responsible for carrying out all investor related activities, communicating directly with external business partners, and providing key oversight for assigned investor portfolios. Duties will include performing complex analysis and reporting on sensitive financial data while executing numerous time bound operational tasks (daily and monthly) within a heavily regulated environment. Seeking a candidate adept at prioritizing and executing tasks required for their assigned portfolios and work to develop internal processes to maximize operational efficiencies. In addition, strong ability to identify areas of opportunity with the desire to act. Critical to one’s success in this position will be the development, control, delivery, and accuracy of complex financial data to investors, management, and regulators. Candidate will also be responsible for assisting in the reduction of the company’s balance sheet. The candidate must also maintain accurate and up- to-date policies and procedures. This role requires a self-motivated individual that can run multiple initiatives with sensitivity to deadlines.
Description
Duties and Responsibilities
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.
Company Benefits
Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
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We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
Position Summary
The Advance Reconciliation Analyst will be responsible for carrying out all investor related activities, communicating directly with external business partners, and providing key oversight for assigned investor portfolios. Duties will include performing complex analysis and reporting on sensitive financial data while executing numerous time bound operational tasks (daily and monthly) within a heavily regulated environment. Seeking a candidate adept at prioritizing and executing tasks required for their assigned portfolios and work to develop internal processes to maximize operational efficiencies. In addition, strong ability to identify areas of opportunity with the desire to act. Critical to one’s success in this position will be the development, control, delivery, and accuracy of complex financial data to investors, management, and regulators. Candidate will also be responsible for assisting in the reduction of the company’s balance sheet. The candidate must also maintain accurate and up- to-date policies and procedures. This role requires a self-motivated individual that can run multiple initiatives with sensitivity to deadlines.
Description
Duties and Responsibilities
- Analyze and interpret contracts to identify obligations, risk, and potential faults, ensuring compliance with terms and conditions while mitigating liabilities.
- Monitor Recovery progress, maintain accurate records, and generate detailed reports to track performance metrics and support decision-making processes.
- Work to identify internal gaps and operational challenges; makes recommendations and collaborate with other internal teams and senior management on improvement in the overall servicing operation.
- Ability to monitor and manage the day-to-day operations of a business, ensuring efficiency, compliance with regulations, and adherence to established procedures by analyzing data, identifying potential issues, and implementing corrective actions across various operational areas.
- Complete multiple, concurrent, large-scale projects involving Senior Vice Presidents from multiple divisions.
- Cultivate and sustain relationships with investors and counterparties to ensure maximum risk elimination for the organization.
- Assist in the development of operational and risk reports detailing financial metrics to help management make proactive decisions.
- Oversee operations within several areas of the organization including Disbursements, Foreclosure, Document Administration, Property preservation. Act as a primary contact to research and resolve corporate advance-related matters and directly engaging and resolving client’s questions.
- Oversee and execute corporate advance reconciliations, ensuring completion in compliance with applicable policies and guidelines.
- Design new and improve upon existing Corporate Advance workflows documenting interactions with Loss Analysis, Cash, and other business units.
- Bachelors in Finance or related.
- 2-4 years’ Operational Controls or related experience with a mortgage servicer.
- Strong understanding of Fannie Mae or Freddie Mac servicing guidelines.
- Customer service, team and goal oriented with a positive attitude toward work and others.
- Customer service, team and goal oriented with a positive attitude toward work and others.
- Proficient in Microsoft Office Suite
- Demonstrates strong oral and written communication skills with the ability to communicate with all levels of management and employees using proven customer service skills.
- Ability to multi-task, be detail oriented, and independently prioritizes competing tasks.
- Able to work in both an independent capacity as well as in a team environment.
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.
Company Benefits
Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!
- Medical, dental, and vision insurance
- Health Savings Account with employer contribution
- 401(k) Retirement plan with employer match
- Paid Maternity Leave/Parental Bonding Leave
- Pet insurance
- Adoption Assistance
- Tuition reimbursement
- Employee Loan Program
- The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
- Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
- 1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
- Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
- Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
CA Privacy Policy
CA Notice at Collection
