Truist Performing QO Business Analyst in Greenville, South Carolina
Req ID: R0027218
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Regular or Temporary: Regular Language Fluency: English (Required) Work Shift: 1st shift (United States of America)
Please review the following job description:
Responsible for assisting in the continuous improvement of the management of acquired loan information and the aggregation, calculation and analysis of reports provided to third-party investors, including development of database and reporting tools. Assist in ensuring that reporting on the various loan portfolios are in compliance with company policies and procedures and third-party investor requirements. Responsible for the management of Investor Reporting/Accounting Analysts.
Essential Duties and Responsibilities:
The following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Serve as a recognized expert level internally and externally in the identification of management self-identified issues and risks and proposes solutions.
Assist in providing subject matter guidance to business line managers or external contacts.
Proficiency in Mortgage Servicing Platform (MSP) for the purposes of training and monitoring of investor reporting.
Create and manage project schedules, including Bank-wide initiatives.
Manage projects with Information Technology (IT) to conduct testing and ensure timelines are met.
Assist in the development of data fields to manage acquired loan reporting. This includes standards for the department as well as the appropriate quality control assessments for audit purposes.
Assist in the development of Excel or database programs to conduct ad-hoc analysis and support continuous improvement of database driven investor reports.
Support the production of monthly and quarterly investor reports and the associated underlying asset-level detail.
Aid in the comparison of individual loan-level data against agreements to ensure accuracy of adjustments/information reported, including reconciliation of all transactions at the loan and portfolio level that result in basis variances and adjustments.
Assist in the development of management reports and metrics illustrating the team’s performance and associated risks.
Monitor and ensure adherence to the Agency and Private Investor Servicing Agreements, Regulation AB (asset-backed), Uniform Single Attestation Program (USAP) and other guidelines through all reconciliation processes.
Assist as a relationship manager to represent the business unit in contacts with internal and external regulatory, government agency and investor contacts to resolve issues or to represent the Bank's interest.
Gather and test internal and external (regulatory or investor) audit requests to identify potential findings; research and formulate an appropriate response prior to audit completion.
Proactively assess applicable industry trends or adjustments delivered by regulatory, governmental institutions or investors.
Leverage previous asset management analytical experience to help provide detailed analysis to management and acquired loans related decision making.
Support new investment and acquisition needs.
Assist in the analysis and redesign of processes to provide enhanced controls through improved risk management and increased reporting efficiency.
Provide mentoring, guidance/training and coaching to Investor Reporting/Accounting Analysts.
Assist with the implementation and monitoring of financial and process controls to ensure key risks are managed effectively.
Stay abreast of the industry changes to ensure Bank support functions are compliant, utilizing best practices and appropriate technologies.
Maintain relationships within Mortgage Servicing department to ensure open communication and development of procedures between departments.
Manage work flow to ensure proper staffing levels.
Assist in ensuring investor requirements are met regarding modifications, repurchases and short sales. Required Skills and Competencies:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor’s degree in Accounting, Finance, Mathematics, Economics or related field, or equivalent education and related training
Six years of experience in banking, finance, accounting, economics, operations or equivalent
Four years of specialized knowledge in advanced mortgage servicing, investor reporting and accounting, including understanding of data structures and various database tools, as well as direct work experience in aggregate loan analysis
Advanced knowledge of agency and government-sponsored enterprise (GSE) specific rules for Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), Government National Mortgage Association (GNMA), Veterans Affairs (VA), Federal Housing Administration (FHA) and private investors
Motivated self-starter with a proven ability to work independently to identify opportunities, mitigate financial, regulatory and compliance exposure and facilitate effective solutions through planning and execution
Superior business problem resolution skills, sound judgment, and the ability to work effectively with clients and solve financial system problems and analysis
Excellent leadership, verbal and written communication skills
Demonstrated business and professional writing skills
Advanced conflict resolution skills
Effective prioritization and time management skills
An understanding of the underlying asset management/servicing and decision support systems to help develop models and procedures for acquiring and reporting accurate information efficiently
Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Ability to travel, occasionally overnight Desired Skills:
Eight years of experience in accounting, finance, banking, operations or equivalent
Two years of experience in a supervisory role
Certified Public Accountant (CPA) certification or equivalent
Proficient in the use of the Microsoft Access database applications as a calculation and analysis tool
Proficient in the use of Lender Processing Services (LPS) MSP servicing system Truist supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Drug Free Workplace. Thank you for your interest in Truist! BB&T and SunTrust have come together in a transformational merger of equals to create Truist, the premier financial organization in the country. You may notice references to our legacy company names, BB&T and SunTrust, in places throughout this site. All such references should be understood to refer to Truist moving forward while we continue to transition to the Truist name. EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify
Thank you for your interest in Truist! BB&T and SunTrust have come together in a transformational merger of equals to create Truist, the premier financial organization in the country. You may notice references to our legacy company names, BB&T and SunTrust, in places throughout this site. All such references should be understood to refer to Truist moving forward while we continue to transition to the Truist name.
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