Pretium Enterprise Services, India ยท 22 hours ago
Loss Analysis Business Analyst
United States
Full-time
Remote
Mid, Senior Level
2+ years expSelene Finance LP is a financial services firm that focuses on mortgage servicing and loan diligence. The Senior Loss Analysis Analyst will assist in identifying and minimizing loan losses through root cause analysis and collaboration with various teams to develop controls and reports.
Financial Services
Responsibilities
Strong experience with the Default lifecycle including the Default Claims process, including the ability to reconcile default loans
Monitors and tracks agency (FHA, VA, USDA) and GSE timelines, allowables, and compensatory fees
Ability to track and document state and federal regulatory changes
Ability to pull critical data from multiple databases in order to analyze, compile, and create reports
Strong communication and research skills required, including the ability to understand and explain complex issues
Works closely with other business units to create a detailed review and timeline of the default process confirming that timelines were met and if not, to determine if the delay driver was controllable or uncontrollable
Performs detailed analysis to validate that all applicable Investor or Agency reporting was completed timely and accurately
Identifies root cause analysis (RCA) of any controllable timeline delays, process gaps, or reporting errors that resulted in material loss and provides analysis of findings to management for possible remediation this includes handling of the bill back process to request reimbursement from investors, insurers, and/or vendors
Performs accurate financial reconciliation of default expenses and funds received, from the date of default to current
Communicates process improvement opportunities and controllable loss patterns to team and management
Excellent skills with record retention and ability to source supporting evidence as needed
Assists team with business needs as required
Qualification
Required
Requires a high school diploma or general education degree (GED)
Fifth year college or university program certificate; or two to four years related experience and/or training; or equivalent combination of education and experience
Strong experience with the Default lifecycle including the Default Claims process, including the ability to reconcile default loans
Monitors and tracks agency (FHA, VA, USDA) and GSE timelines, allowables, and compensatory fees
Ability to track and document state and federal regulatory changes
Ability to pull critical data from multiple databases in order to analyze, compile, and create reports
Strong communication and research skills required, including the ability to understand and explain complex issues
Works closely with other business units to create a detailed review and timeline of the default process confirming that timelines were met and if not, to determine if the delay driver was controllable or uncontrollable
Performs detailed analysis to validate that all applicable Investor or Agency reporting was completed timely and accurately
Identifies root cause analysis (RCA) of any controllable timeline delays, process gaps, or reporting errors that resulted in material loss and provides analysis of findings to management for possible remediation this includes handling of the bill back process to request reimbursement from investors, insurers, and/or vendors
Performs accurate financial reconciliation of default expenses and funds received, from the date of default to current
Communicates process improvement opportunities and controllable loss patterns to team and management
Excellent skills with record retention and ability to source supporting evidence as needed
Assists team with business needs as required
Read, analyze and interpret business, professional, technical or governmental documents
Write reports, business correspondence and procedure manuals
Effectively present information and respond to questions from managers, customers and the public
Calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume
Apply concepts of basic algebra and geometry
Apply logical thinking to a wide range of intellectual and practical problems
Deal with nonverbal symbolism (e.g., formulas and equations) in difficult phases
Deal with a variety of abstract and concrete variables
Microsoft Office (Word, Excel, PowerPoint, Access, Publisher, Outlook, Internet Explorer) with emphasis on Excel formulas such as VLOOKUP, INDEXMATCH, and Pivot tables
ICE Technology Software such as MSP Director and Loansphere Claims
Understanding of basic query logic and familiarity with Investor claims systems such as FHA Connection, Catalyst, Valeri, and FHLMC PAID
Benefits
Paid Time Off (PTO)
Medical, Dental & Vision
Employee Assistance Program
Flexible Spending Account
Health Savings Account
Paid Holidays
Company paid Life Insurance
Matching 401(k) Plan
Company
Pretium Enterprise Services, India
Pretium Enterprise Operations India Private Limited (PES India) is a subsidiary of Pretium Partners, LLC.
501-1000 employees
H1B Sponsorship
Pretium Enterprise Services, India has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2022 (2)
Funding
Current Stage
Late StageCompany data provided by crunchbase