TIAA Bank CW Cash Analyst in Virtual, New Jersey
Loss Mitigation Relationship Manager
The Loss Mitigation Relationship Manager oversees and implements loss mitigation policies to reduce potential loan losses. This job performs loan modifications based on individual loan circumstances. While working under close supervision, this job re-underwrites loans based on borrower financials, loan attributes, and pricing.
Key Responsibilities and Duties
Performs review of loss mitigation mortgage loan files ensuring accuracy of information and verify presence of all required documents including credit, title, appraisals, credit documents, property valuation, loan-to-value ratios, debt carried, and analysis of hardships.
Reviews servicer comments for different stages of performance and various documentation forms to determine various aspects of the current borrower performance for the areas of Default, Foreclosure, Bankruptcy, Collections.
Analyzes and reviews complete records of the borrower's payment history / cash flow, including but not limited to; monthly breakout of Principal, Interest, Escrows, and other for monthly cash received.
Identifies issues related to repayment ability, reperformance, property condition, current legal status, title issues, property condition, vacancy and related.
Stays up-to-date on all agency, state and federal guidelines, and participates in on-going training as the industry evolves.
Analyzes and captures data including cash received and end of month due dates for payment histories.
- University (Degree) Preferred
- No Experience Required
- Physical Requirements: Sedentary Work
This is a Non-Employee Contingent Worker Role providing services for TIAA’s family of companies and will be employed by TIAA's preferred 3rd Party Supplier. As a Non-Employee CW, perform a variety of moderately complex business planning, support, and project-related duties. Demonstrates an exceptional standard of quality and holds themselves accountable to achieving excellent results.
This role can be located on our TIAA office in Parsippany , NJ will be currently remote.
Assist in timely preparation and posting of daily cash postings, account reconciliations, accounting research and variance analysis for assigned division.
Assist with daily cash posting ACH\Wire
Assist with clearing Suspense
Prepare and post journal entries for daily and month end close activities
Monitor, maintain and reconcile Suspense general ledger accounts; clear oustanding items as required
Assist with special projects
Processing refunds and manual vouchers
Cross train on various accounting functions within the department
Research outstanding unidentied checks/ACH/Wires
Knowledge, skills, and ability requirements
Strong spreadsheet and analytical skills
Strong interpersonal skills
Ability to work with some supervision in a fast-paced, growth environment
Ability to prioritize work and meet deadlines
Good written and verbal communication skills
Proficient with Microsoft Office products (Excel, Word, Outlook)
Ability to multi-task
Training and experience
High school diploma or GED required
Accounting, finance or business related degree preferred
Banking and / or mortgage industry experience preferred
Start Date: 28-Jun-2021
End Date: 28-Jun-2022
Travel Required:Potential Salary: $25.10 USD
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
As a part of TIAA’s Financial Solutions business, TIAA Bank, a division of TIAA, FSB, provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country.
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
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TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.