Specialist, Bankruptcy Ledger

Overview

This role is responsible for completing and monitoring ledgers through the bankruptcy process on residential mortgage loans to minimize potential losses and preserve the lien-holder’s interests. Work must be completed in adherence to all applicable investor timelines and in accordance with company policies and procedures, as well as all U.S. state and federal laws and regulations in which the organization operates.

The approved target pay range for this position is $26-$27/hour.

Responsibilities

• Execute and complete ledgers with a high degree of accuracy for all bankruptcy processes, including acquisitions, proof of claims, notice of final cures, motions for relief, agreed orders, notices of default, and closings; coordinate corrections as necessary across bankruptcy chapters/processes.
• Verify and research borrower payment history and resolve payment posting discrepancies (ledger balancing).
• Receive and respond to incoming calls from bankruptcy attorneys and/or other interested parties regarding residential mortgage accounts in the bankruptcy process.
• Research and remediate files by researching and correcting Fiserv/Sagent issues, and researching servicer data and images for resolution.
• Receive and process bankruptcy documents throughout the bankruptcy process; create and order required documents.
• Audit, review, and complete the setup and filing process for bankruptcy filings (including motions for relief and proof of claims), as well as transfer of claims, reaffirmations, notice of final cures, post-petition fee notices, payment change notices, and closings; coordinate corrections as necessary.
• Handle documentation and analysis processes related to setup bankruptcy filings, motions for relief, proof of claims, transfer of claims, reaffirmations, notice of final cures, post-petition fee notices, payment change notices, and closings.
• Gather and upload documents such as assignments of mortgages, deeds, notes, and other documents required for filing actions.
• Respond to inquiries from internal departments regarding bankruptcy-related issues, including highly escalated inquiries.
• Handle more complex tasks and manual calculations for items such as motions for relief and proof of claim figures.
• Provide management with root case analysis and proposed solutions to bankruptcy agreements/disputes/process/research inquiries.
• Collaborate with management on multiple projects and coordinate efforts with project management and IT related to bankruptcy processes and/or support groups (e.g., Loan Admin, Loan Application Support, Cash Management, Escrow Department).
• Identify process gaps within bankruptcy processes, recommend continuous improvement, and implement approved solutions.
• May have signing authority to sign bankruptcy documents on behalf of the organization.
• Serve as the department “Trainer” and provide training on multiple bankruptcy processes as needed.
• Perform other duties and special projects as assigned.

Requirements

• Strong math skills to perform manual calculations of figures such as motions for relief and proof of claim figures.
• Ability to manage work to meet strict deadlines.
• Experience balancing ledgers with advanced math/accounting skills; possible accounting background.
• Excellent written and oral communication, organizational, and time management skills.
• Strong drive to accomplish goals with a high sense of urgency.
• Ability to handle multiple tasks under pressure and changing priorities.
• Strong interpersonal skills with a focus on teamwork and quality on loan evaluation.
• Ability to self-motivate and work with limited supervision.
• Strong understanding of the bankruptcy process.
• Ability to make decisions that have moderate impact on the immediate work unit.
• Ability to organize and prioritize own work schedule on a short-term basis.
• Ability to network and work with various other default groups to research and find solutions.
• Ability to improve processes and find sound solutions.
• Ability to complete thorough research and be resourceful.
• Ability to research/locate prior servicer data within all Acquisition folders.
• High school diploma or equivalent work experience required; bachelor’s degree in related field in Accounting or Finance preferred.
• Three to five (3–5) years’ of bankruptcy experience in the banking, finance, or mortgage industry.
• Minimum of two (2) years’ experience balancing ledgers.

Compensation & Benefits

• Target pay range: $26-$27/hour.
• Comprehensive healthcare plans for you and your family.
• Discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to employee discounts through an employee portal (fitness, restaurant, retail, and more).
• Customized training programs.
• Educational reimbursement.
• Employee referral bonuses.
• Carrington Charitable Foundation contributes to the community through causes reflecting the interests of Carrington Associates.

Preferred Qualifications

• Bachelor’s degree in a related field in Accounting or Finance (preferred).