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Loss Recovery Analyst

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Description

Summary:

 

The Loss Recovery Analyst is responsible for the QC, audit and oversight of loss recovery claims submitted for payment.  It is the Analyst’s duty to ensure that all transferred loans into the Company comply with investor and insurer requirements and assist in the recovery of losses when applicable.  The Analyst will provide claims loss recovery reports weekly, monthly or as determined by management. 

 

 

Essential Job Functions may include:

  • Complete loss recovery reviews on defaulted loans based on contract parameters
  • Work with internal legal to determine bill back protocols
  • Use relevant information and individual judgement to determine whether findings meet contract criteria for bill back, repurchase or indemnification submission
  • Develop constructive and cooperative working relationships with clients, vendors and internal employees and maintaining them over time
  • Act as a point of contact/liaison, ensuring that all loss recovery submissions are acted upon internally and externally
  • Demonstrates professional behavior and teamwork, is punctual, dependable and adheres to Company policies and procedures
  • Ability to work necessary hours to ensure success
  • Perform day to day administrative tasks such as maininting information files and processing necessary paperwork for loss recovery
  • Reduce loss exposure for the Company through loan level audit reviews
  • Complete various projects as assigned by management

 

Other Duties could include:

Performs other related duties as assigned.

 

Supervisory Responsibilities:

This job has no supervisory responsibilities.

 


Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

  • Strong understanding of FHA, VA and GSE claims guidelines
  • Excellent organization skills
  • Attention to detail with a high level of accuracy
  • Excellent communication skills
  • Analytical and Problem Solving skills
  • Works well in a team environment
  • Ability to meet deadlines in a fast paced environment
  • Ability to manage time well and prioritize tasks
  • Microsoft Office experience and advanced Excel knowledge
  • Ability to effectively present information to supervisory, etc.
  • Ability to write reports and correspondence
  • Ability to read, analyze and interpret documents such as technical journals, financial reports, legal documents, policies and procedures
  • Ability to calculate basic financial figures and amounts
  • Proficient in computer skills and knowledge of word processing, spreadsheet, accounting, general ledger, accounts receivable, accounts payable, e-mail and internet software
  • Ability to define problems, collect data, establish facts, and draw valid conclusions
  • Ability to work with little supervision.
  • Ability to meet critical departmental and federal timelines with accuracy and efficiency.
  • Ability to build relationships with both internal and external clients/vendors.
  • Strong work and business ethics

Education and/or Experience:

  • High School diploma or equivalent required.
  • Bachelor’s Degree from a Four (4) year College or University preferred.
  • Minimum of five years of experience in the rebuttal of compensatory fees and curtailments process, investor claims processing, bill back and recovery, auditing and loss analysis reporting
  • An in-depth understanding of all government regulations pertaining to claims filing and reimbursement