Manager, Claims

Cenlar Federal Savings Bank

Trenton, NJFull-time$85K/yrSeen 1mo ago

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At a glance

Compensation
$85K/yr
Location
Trenton, NJ
Schedule
Full-time
Work Authorization
Not specified

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Requirements

Credentials this posting asks for.

Bachelor's degree

Job overview

Cenlar Federal Savings Bank is hiring a Manager, Claims. The Manager, Claims monitors and directs workflow in the Claims Department, minimizing client and Cenlar losses while serving as a liaison between clients and senior management. The role includes developing reports, conducting research, attending client meetings, and ensuring compliance with investor, insurer, and regulatory guidelines.

Key focus areas include Monitors activity of loans in claims, Manages and adheres to conveyance and claims guidelines, and Reviews payment to vendors in a timely manner.

Important skills include Workflow Monitoring, Compliance Management, Vendor Management, Report Development, Research, and Client Meeting Facilitation.

Skills & qualifications

RequiredNice to have

Skills

Workflow MonitoringCompliance ManagementVendor ManagementReport DevelopmentResearchClient Meeting FacilitationLoss AnalysisPerformance Review PreparationRisk AssessmentCoachingCounselingCommunicationOrganizational SkillsMultitaskingMS OutlookMicrosoft WordExcelPowerPointBlack Knight MSP

Qualifications

Bachelor's Degree or Equivalent Experience3-5 Years Management Experience5+ Years Mortgage Default Operations Experience3-5 Years Property Preservation REO and Claims Experience for FHA VA Fannie Mae Freddie Mac Loans and Asset Loans

Full job description

Compensation

$84,728.00 - $84,728.00 / Yearly

Hours Per Week

40

Number Of Positions

1

Job Description

The Manager, Claims is responsible for monitoring and directing the work flow in the Claims Department, minimizing potential client and/or Cenlar losses, serving as a liaison between clients and senior management. Some activities include but are not limited to developing reports, conducting research, attending client meetings and Ensures compliance with all Investor, Insurer, Cenlar, and Client guidelines and requirements. Ensures Cenlar goals are met regarding conveyances and claim filing and client/investor delay reporting.

Responsibilities:

Monitors the activity of loans in Claims Manages and adheres to conveyance/claims as set forth by investor, insurer guidelines Monitors/Reviews payment to vendors in a timely manner Manages and monitors the performance of outside vendors, including making recommendations for replacing vendors who are not performing Adheres to all guidelines and regulations set forth by investors/insurers as well as local/federal laws Performs final loss analysis on loan once all claims funds are received Sets goals for staff- prepare and present performance reviews for staff Orders and prepares weekly/monthly reports Works in conjunction with attorneys, insurers, PMI companies, investors and master servicers to expedite the completion of the claim and minimize losses Complies with and have working knowledge of all insurer, PMI, investor and master servicer rules and regulations Oversees filing of supplemental claims (when applicable) Reviews of all cases on a regular basis Appropriately assess risk when business decisions are made, include but not limited to compliance and operational risk. Demonstrate consideration for Cenlar's reputation as well as our clients, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards

Qualifications:

Bachelor's degree or equivalent experience Minimum 3 -5 years management experience 5+ years' experience in mortgage default operations 3-5 years of property preservation, REO and claims experience for FHA, VA, Fannie Mae, and Freddie Mac loans, and asset loans Strong analytical, accounting and computer skills Strong knowledge of current practices, procedures, and regulations/laws related to default administration for GSE/HUD/VA, RD and Conventional mortgage loans Working knowledge of MS Outlook, Word, Excel, Power Point, and ability to learn industry related systems Working knowledge of Black Knight MSP servicing system Ability to accurately work in a fast paced environment within tight deadlines Excellent Coaching and Counseling Skills Excellent Verbal and Written Skills Excellent Organizational Skills and ability to Multi Task

Apply here: https://www.aplitrak.com/?adid=YmJnZW5lcmljLjIyMTg1LjEwNDEyQGNlbmxhcmNvbXAuYXBsaXRyYWsuY29t

Place of Work

On-site

Requisition ID

410-4759

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