Principal Specialist, Post Default Strategy & Execution

When you join Sallie Mae, you become a champion for all students.

We’re on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.

Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We’re changing. Because students need a better way.

We’re looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students—and for each other.

This is where diverse backgrounds, beliefs, and perspectives matter. It’s where you’re empowered to bring your authentic self to work.

Feeling your best allows you to do your best. Our benefits take care of the whole you—from physical and mental to financial and professional. You’ll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.

We’re obsessed with impact and making a real difference. For us, that means putting relationships first, asking “why not?” when tackling challenges, and continuously learning new skills.

Come do more than join something, change something. For students, for future generations, for the future of education.

What You'll Contribute

The Principal Specialist, Post Default Strategy & Execution will be responsible for coordinating and supporting the activities related to post-default loan management.

What You'll Do

• Provide support to buyers of loan purchasers including but not limited to fulfilling media and documentation, generating and supplying amortization histories, and completing affidavit requests.
• Prepare and maintain accurate account records and reports related to post-default activities.
• Track the completion and validation of timely and accurate payments.
• Monitor and track the progress of post-default cases, ensuring compliance with internal policies, regulatory requirements, and timelines.
• Review and maintain all loan sale documentation and other relevant legal documents to support the post-default process.
• Provide support and guidance to internal teams around post-default processes and activities, working cross-functionally when performing research necessary tracking related to servicing disputes, complaints, fraud, collections, finance, and other internal business units associated with loan sales.
• Help identify process improvement activities supporting loan sales.
  
  

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.

What You Have

Minimum education, skills and experience required.

• Solid understanding of default management processes, including foreclosure, bankruptcy, and loss mitigation.
• Strong analytical and problem-solving skills, with the ability to analyze data, identify trends, and make data-driven recommendations.
• Proficiency in using office software such as Microsoft Office Suite (Word, Excel, PowerPoint) and loan management systems.
• Excellent organizational skills and attention to detail, with the ability to manage multiple tasks and priorities effectively.
• Strong communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.
  
  

Preferred Education, Skills, And Experience.

• High school diploma required. Bachelor's degree in finance, business administration, or a related field is preferred.
• 2 years of experience in default management, loan servicing, or a related field.
  
  

The Americans With Disabilities Act

The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the “essential functions” of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.

Feeling Your Best Helps You Do Your Best

Our benefits take care of the whole you—so you can build your work around your life (not the other way around!).

• Competitive base salaries
• Bonus incentives
• Generous PTO, Floating Holidays and 12 Federal Holidays observed
• Support for financial-well-being and retirement 401k with employer match
• Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
• Employer paid short-term/long-term disability and basic life insurance
• Flexible hybrid working arrangements.
• Paid parental leave and adoption reimbursement programs
• Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
• Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
• Tuition Reimbursement and Family Scholarship Programs
• Career development and training opportunities
  
  

Not the right fit? Let us know you're interested in a future opportunity by clicking Introduce Yourself in the top-right corner of the page or create an account to set up email alerts as new job postings become available that meet your interest!

Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. Click here to view the U.S. Pay Transparency Policy, here for federal job applicant notices, and here to view the California Employee Privacy Notice.

Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.