Advance Control Analyst
Overview
Looking for a career with purpose and reward? At LoanCare we help customers every day with what is for many their largest and most personal financial transaction: the purchase of their home. With the mission to simplify the complex with empathy and insight, we are constantly innovating and are a top provider in the mortgage services industry as a result.
We are actively seeking to fill the role of Advance Control Analyst. Our ideal candidate enjoys working with clients, both internal and external, eager to learn and maximize results, is detail oriented and driven to meet tight deadlines in a fast-paced environment. Background in the mortgage or real estate industry is a plus. If this sounds like you, and you are ready for a career and not just your next job, apply today!
Responsibilities
• Assist in the creation and presentation of servicing advance populations.• Build and sustain reporting of all servicing advances.• Conduct quantitative analysis of advances over multiple population levels.• Identify opportunities to increase income, lower expenses, and recover receivables.• Monitor and track receipt of receivables and incentives.• Analyze and monitor internal business processes and financial results for opportunities.• Analyze and review various financial and billing reports to provide monthly variance explanations.• Aid in the securitization and funding of servicing advances through debt facilities.• Assist in the governance of transaction methodology and allocation mapping between Servicing and Accounting.• Assist with initiatives and projects as it relates to the goals of the team and leadership.• Implement, enhance and monitor accounting procedures and internal controls.• Interface with all levels of corporate and operational management.• Provide ad-hoc reporting and analysis services as required to meet business needs.• Maintain a strong working knowledge of SQL and daily utilization of relational databases.• Build a governance program to oversee system use of milestone and restriction indicators (stop and flags in MSP).• Build a governance program to oversee ancillary fee assessments, waivers, and collections.• Act as a point of contact/liaison, ensuring that policies and procedures relating to MSP indicators and fees are followed.• Develop and conduct advanced data analytics and reporting to identify and analyze causal links and meaningful relationships across large and/or multiple-sourced data sets.• All other duties as assigned.
Qualifications
• High School Diploma or equivalent required.• Bachelor’s degree required, preferably in a Finance or Computer Science related major.• Experience on design, development and maintenance of data sets related to financial and servicing activity.• 3+ years’ experience in Financial Services, preferably Mortgage Servicing.• 3+ years’ experience training, process improvement and advising skills required.• 3+ years of recent experience as an analyst, reporting developer or related role within the financial services industry.• Proven ability to manage multiple personnel and projects.• Ability to work independently and minimal direction and to meet deadlines.• Demonstrated ability to read, interpret and analyze accounts and records of a complex, detailed, and recurring nature.• Knowledge of MS Office (Word, Excel, Outlook, etc.), with emphasis on advanced Excel skills.• Mortgage servicing experience is preferred.• Experience with MSP servicing system is preferred.• Knowledge of general ledger accounting preferred.• SQL and relational database experience preferred.
Total Rewards
LoanCare ’s Total Rewards Package offers a comprehensive blend of health and welfare, financial, lifestyle and learning benefits to support employee well-being and engagement. Highlights include:
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Health & Welfare Coverage: Optional medical, dental, vision, life, and disability insurance
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Time Off: Paid holidays, vacation, and sick leave
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Retirement & Investment: Fidelity National