Default Accounting

Job Overview:

• Understanding of various reports, generate reports for default accounting loan statuses, cash payments, suspense, claims, escrow, corporate advance, and invoice management efforts.
• Review of borrower payments and apply them into the respective fees / payments. Reconcile the payment history and perform analysis to apply funds against the right category.
• Ascertain the suspense funds received from default groups, post them appropriately, determine if funds can be posted towards any expense or needs to be sent back
• The team leader will be tasked with supervising the daily functions of the Default Accounting team.
• This role encompasses managing team performance, addressing escalated customer issues, and executing strategies aimed at enhancing customer satisfaction.
• The team leader will also be responsible for mentoring and training team members, tracking performance metrics, and delivering regular updates to the management team.
• Team leader need to assign tasks and establish objectives for team members, while also monitoring performance and offering constructive feedback.
• Team leader should ensure effective communication within the team, facilitate problem-solving and conflict resolution, and report progress to senior management.

Job Roles and Responsibilities:

• Managing the day-to-day activities of the team. Motivating the team to achieve organizational goals.
• Developing and implementing a timeline to achieve targets. Delegate tasks and set deadlines.
• Empowering team members with skills to improve their confidence, product knowledge, and communication skills.
• Conducting training of team members to maximize their potential. Conducting monthly performance reviews.
• Contributing to the growth of the company through a successful team. Creating a pleasant working environment that inspires the team.
• Create an inspiring team environment with an open communication culture. Listen to team members feedback and resolve any issues or conflicts
• Set clear team goals. Oversee day-to-day operation. Monitor team performance and report on metrics
• Discover training needs and provide coaching
• Recognize high performance and reward accomplishments

Basic Degree completion (15 years of education). Candidate must be from accounting background.

• Candidates with degrees in accounting, mathematics preferred. Must have scored a minimum of 60% with no Arrears
• Candidate must have work experience in posting funds.
• Must possess knowledge of debits, credits, contra entries, balancing ledgers etc.
• Good written and oral communications skills in English
• 4 years of US Mortgage Experience in managing accounting, reconciliation, cash related processes teams with 1 year as Team Leader role.
• Good exposure to MS office (Excel and PPT).
• Demonstrates a strong attention to detail. Capable of responding swiftly, engaging in critical thinking, and collaborating effectively within a dynamic team in a fast-paced setting.
• Willingness to work night shifts and in an office environment (mandatory WFO).