Financial Analyst
Financial Analyst
Position: Portfolio Servicing Associate
Overview: The Portfolio Servicing Associate is integral to maintaining loan compliance and optimizing portfolio performance. This role involves ensuring the timely and accurate receipt of borrower case updates, conducting compliance reviews, and auditing financial data. Additionally, the associate will help develop protocols to enhance risk management and promote best practices in asset management. The ideal candidate is detail-oriented, process-driven, and skilled in managing case documentation and reporting.
Key Responsibilities:
Case Monitoring and Updates Collection:
- Track and gather updates on collateral cases from law firm borrowers to ensure adherence to loan agreements.
- Maintain comprehensive records of case statuses, including outcomes, financial settlements, and other relevant developments.
- Identify and escalate delays or inconsistencies in reporting to internal stakeholders.
Compliance and Risk Monitoring:
- Ensure law firm borrowers comply with the firm's transactional documents by reviewing financial statements and reports.
- Audit operating and trust account bank statements to verify borrower adherence to financial protocols.
- Identify potential compliance risks and collaborate with the Director of Risk Management to mitigate exposure.
Asset Management Support:
- Oversee and track monthly repayment processes, ensuring payments align with collateral case milestones and outcomes.
- Review and update collateral case records in the firm's loan servicing system to ensure consistency with loan terms.
- Generate monthly loan portfolio performance reports using the loan management system.
Protocol and Process Enhancement:
- Collaborate with internal teams to improve case monitoring processes and enhance data accuracy and timeliness.
- Develop standardized procedures for case update collection and borrower reporting to increase efficiency.
- Recommend improvements to case tracking tools and workflows to support scalable growth.
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