TIAA Jobs

Job Information

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.

Educational Requirements

  • University (Degree) Preferred

Work Experience

  • No Experience Required

Physical Requirements

  • Physical Requirements: Sedentary Work

Career Level

5IC

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.

Primary characteristics

Assist in timely preparation and posting of daily cash postings, account reconciliations, accounting research and variance analysis for assigned division.

Essential functions

  • 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

  • Detail oriented

  • Self-starter

  • Proficient with Microsoft Office products (Excel, Word, Outlook)

  • Pro-active

  • Team player

  • 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).


Company Overview

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) .

Equal Opportunity

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) .

Accessibility Support

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

Email: accessibility.support@tiaa.org

Privacy Notices

For residents of California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) to access the TIAA CA Applicant Privacy Notice.

For residents of the EU / UK, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) to access the EU / UK Pre-employment Notice.

For all other residents, click here (http://www.tiaa.org/public/tiaa-nuveen-privacy) to access the Applicant Privacy Notice.

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.

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