What are the responsibilities and job description for the Fraud Analyst position at Westlake Services?
Fraud Analyst
Los Angeles, CA| On-site
POSITION SUMMARY :
This position will assess, investigate, and perform various tasks associated with potential loan fraud situations arising from originations or servicing departments. Those situations may be specific to an individual consumer account (or accounts) originated by a dealership or may involve the entire dealer portfolio with Westlake Financial Services.
The primary objective of this position is the satisfactory resolution of potential loss situations resulting from non-compliant dealership activity, including demand for reimbursement, repurchase, or other restitution, and negotiation of settlements within acceptable guidelines. Additional duties include following up on demands for repurchase and facilitating the resolution of any dealer breach of our Master Dealer Agreement.
This individual will primarily interact with dealerships and company management. This position entails substantial lines of communication with other internal departments.
The successful candidate is self-directed in work prioritization and demonstrates superior judgment-making ability within the scope of the position's areas of responsibility. The associate will perform all duties in accordance with Westlake policies and procedures and all state and federal regulations.
ESSENTIAL DUTIES AND RESPONSIBILITIES :
- Receives and assesses new cases involving dealership non-compliance / fraud with company standards for customer account quality, including fraud or contractual violations; and other circumstances involving dealerships that warrant financial restitution
- Prepares and processes demands for repurchase and / or payoff
- Makes outbound contacts with dealerships regarding the resolution of pending repurchase demands
- Assigns or releases a funds-hold status on dealerships with outstanding repurchase demands
- Accurately tracks and documents progress and actions taken during the course of problem resolution for individual cases
- Promptly communicates potential risk situations to the department Manager
The above statements are intended only to describe the general nature of the job and should not be construed as an all-inclusive list of position responsibilities.
ESSENTIAL KNOWLEDGE, SKILLS & LICENSES :
EDUCATION AND / OR EXPERIENCE :
MACHINES, OFFICE EQUIPMENT & SOFTWARE :
What's the expected pay for this role?
What do we offer?
Acknowledgment
We will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.
We are an equal-opportunity employer and do not unlawfully discriminate in employment. No question on this application is used for the purpose of limiting or excluding any applicant from consideration for employment on a basis prohibited by local, state, or federal law. Equal access to employment, services, and programs is available to all persons. Those applicants requiring reasonable accommodation to the application and / or interview process should notify a representative of the organization
Salary : $17
