Credit Risk Specialist – Residential Loan Workouts
| Company | Raymond James Financial |
|---|---|
| Location | Florida, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Mid Level, Senior |
Requirements
- Fundamental concepts, practices and procedures of loan accounting and lending principles.
- Mortgage loan products.
- Understanding and documenting business process workflow and control points for credit risk.
- Independently supports business processes with comprehensive understanding and effective use of standard office equipment and standard software packages.
- Reading, interpreting, analyzing and applying information from various credit risk reports and economic forecasts.
- Working without supervision and provides technical guidance when required on developing appropriate plans, requesting or performing necessary actions based on recommendations and requirements.
- Working with full competence to analyze potential solutions and create recommendations based on the expected benefits, costs, and overall value of the solution for key stakeholders.
- Working independently and provides technical guidance when required on achieving full compliance with applicable rules and regulations in management and/or operations.
- Interpreting and analyzing basic personal financial statements.
- Preparing and delivering written presentations and reports.
- Organizational and time management skills sufficient to prioritize workload, handle multiple tasks, and meet deadlines.
- Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, and spreadsheets. Strong Excel skills, with the ability to run macros, is essential for this position.
Responsibilities
- Performs data collection, analysis, and interpretation of results in support of credit risk responsibilities. Data may be obtained through financial statements, mitigation loss requests, loan servicer communications and internal sources.
- Develops and prepares spreadsheets, reports, and presentations utilized by Senior Management.
- Acts as the primary Bank contact with mortgage loan servicers on past due and defaulted mortgage loans.
- Assists with the administration of mortgage loan critical credit risk management activities for past due and defaulted mortgage loans, including recommendations on servicer proposed workouts inclusive of forbearances, Troubled Debt Restructures (TDRs), and loss mitigation applications to senior credit management.
- Interacts with Senior Management, Audit, Loan Review, other internal departments, and Bank regulators as needed.
- Performs other duties and responsibilities as assigned.
Preferred Qualifications
- Bachelor’s Degree (B.A.) in a related field OR minimum 3 years of experience in banking operations.
- Any equivalent combination of experience, education, and/or training approved by Human Resources.