Bankruptcy Analyst II

Summary:

The Bankruptcy Analyst II is responsible for ensuring the bankruptcy process is monitored and associated tasks are completed accurately and timely from the time of filing through to release in the servicing platform.  The successful candidate for this role is flexible in a fast paced environment, and handles a workload of active bankrupt accounts in Chapters 7, 11, 12, or 13, reviewing debtors’ bankruptcy petitions and schedules, business records, periodic financial reports and any proposed reorganization plan to determine financial viability of the debtor and to make sure Freedom Mortgage is protected.  They will be responsible for managing and resolving bankruptcy cases nationwide working to minimize revenue loss by identifying strategies to resolve delinquencies and handle all documentation, legal communication, and notification requirements according to U.S. Bankruptcy Code, investor, and state guidelines in addition to all other applicable laws and regulations.  Successful candidates will demonstrate keen attention to detail and the consistent and compliant application of laws, regulations, and internal policies.

Essential Job Duties and Responsibilities include:

• Works with outside counsel to investigate and decide on appropriate courses of action, provide additional documentation, draft pencil ledgers, and approve Agreed Orders

• Makes decisions on bankrupt accounts based on numerous variables including chapter, delinquency status, and debtor intent while meeting court specified deadlines

• Analyzes court documents to determine status of bankruptcy and protect Freedom Mortgage’s interests

• Ensures proper calculation of pre and post petition amounts due

• Prepares required Proofs of Claims to be filed in the bankruptcy courts

• Prepares required Notices of Payment Change

• Prepares, sends, and follows up on reaffirmation agreements

• Reconciles pre petition and post petition payments and balances

• Performs periodic audits of customer charges and payments

• Daily maintenance on bankrupt loans in the servicing platform ensuring correct status

• Daily maintenance in bankruptcy software (PACER, BANKO, etc) to ensure proper follow-up on case status and document filing

• Daily record retention

• Reconciles trustee checks

• Loads case information into the system of record

• Remains current with bankruptcy laws as well as state and investor guidelines to best protect the interests of Freedom Mortgage

• Ensures compliance with internal policies and controls, investor guidelines, and governmental regulations

• Works with outside counsel, debtors, and debtor attorneys negotiating alternative payment schedules for delinquent accounts, coordinating loss mitigation efforts, or reaffirmation agreements

• Compliance with Fair Debt Collection Practices Act (FDCPA)

• Works in collaboration and partnership with other team members

• Demonstrates in-depth knowledge of all bankruptcy chapters

• Oversees department specific projects

• Work with management to develop and implement new or revised processes and guidelines and realize process efficiencies and potential gaps created within Default Reporting department

• Maintain regular and punctual attendance.

Other Related Duties:

Performs other related duties as assigned.

Supervisory Responsibilities:

This job has no supervisory responsibilities.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and/or Experience:

High School diploma or equivalent required; three to five years of bankruptcy case management experience;  Possess the ability to work independently as a team player and adapt to a fluid work environment with changing regulations and processes. Detail oriented, excellent problem solving and organization skills. Working knowledge of Outlook, Word, Excel and Adobe Professional

Language Skills:

Possess the ability to read, analyze, and comprehend instructions, correspondence, memos, and work place policies. Ability to analyze, interpret general business periodicals, professional journals, procedures and governmental regulations. Possess the ability to write reports and professional correspondences and speak effectively with other employees and/or customers. Present formal information in one-on-one and small group situations to customers and employees and respond to questions from groups of administrators, managers, employees, customers and/or the general public.

Mathematical Skills:

Possess the ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry as well as apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Reasoning Ability:

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.  Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Certificates, Licenses, Registrations:

None required.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  While performing the duties of this job, the employee is frequently required to sit and talk or hear.  The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms.  The employee must occasionally lift and/or move up to 25 pounds.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Employer’s Rights:

This job description does not list all the duties of the job. You may be asked by your supervisors or managers to perform other duties. You will be evaluated in part based upon your performance of the tasks and functions listed in this job description. The employer has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.

Equal Employment Opportunity:  

Freedom Mortgage is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws.  

Americans with Disabilities Act: 

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law. 

Job Responsibilities:  

The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. Freedom Mortgage Corporation may change the specific job duties with or without prior notice based on the needs of the organization.