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Default Analyst I
Raleigh, NC
Job Description
Overview
This position is responsible for working portfolio accounts in default statuses such as bankruptcy, foreclosure, repossession, or deceased. Manages legal pleadings following referral to ensure accuracy and completeness of actions to collect indebtedness. Analyzes documentation, account statements, maintenance, and other necessary information to take the next appropriate step such as assignment to external attorneys or vendors for bankruptcy, foreclosure, or repossession. This position is considered a first line of defense and is expected to maintain a high level of attention to detail, analyze facts and make sound decisions in order to mitigate risk to the Bank.
Responsibilities
Qualifications
First Citizens Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles), color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity, genetic information, military membership, application, or obligation, or any other legally protected status.
This position is responsible for working portfolio accounts in default statuses such as bankruptcy, foreclosure, repossession, or deceased. Manages legal pleadings following referral to ensure accuracy and completeness of actions to collect indebtedness. Analyzes documentation, account statements, maintenance, and other necessary information to take the next appropriate step such as assignment to external attorneys or vendors for bankruptcy, foreclosure, or repossession. This position is considered a first line of defense and is expected to maintain a high level of attention to detail, analyze facts and make sound decisions in order to mitigate risk to the Bank.
Responsibilities
- Account Analysis - Analyzes documentation and information within a portfolio of accounts. Reviews system notes, loan histories, and other relevant case information prior to initiating legal actions. Ensures completeness and accuracy of included documentation.
- Account Management - Works pipeline of accounts, completing all tasks within the required timeframes. Updates systems with detailed account notations. Decides next steps, passing accounts onto external attorneys, vendors, and other key contacts. Follows up to ensure work is completed in a timely fashion and to continuously monitor assigned account status.
- Relationship Development - Builds and maintains strong relationships with managers, associates, vendors, and other key vendors involved in handling portfolio accounts.
- Business Support - Performs additional tasks as needed to support department initiatives and projects.
Qualifications
- Bachelor's Degree and 2 years of experience in Financial Services industry including Bankruptcy, Foreclosure, Probate, or Collections and Default regulations and laws OR High School Diploma or GED and 6 years of experience in Financial Services industry including Bankruptcy, Foreclosure, Probate, or Collections and Default regulations and laws
- Preferred Area of Experience: Paralegal and CACS collection and recovery system, ALS, TSYS, FISERV or other Bank/Host/Mainframe servicing systems and MS Suite
- Skill(s): Knowledge of industry specific regulations and laws pertaining to collections, default, bankruptcy, and foreclosure
First Citizens Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles), color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity, genetic information, military membership, application, or obligation, or any other legally protected status.
Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
High School or Equivalent
Required Experience
2+ years
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