FHA Loss Analyst

Summary:The Analyst, Loss Analysis is responsible for the QC, audit and oversight of claims filed. It is the Analyst’s duty to ensure that all claims comply with investor and insurer requirements and assist in the reduction of loss exposure to the Company. The Analyst will provide claims loss analysis reports weekly, monthly or as determined by management. In instances where a claims error is identified, a supplemental claim will be filed by the Analyst. Essential Job Functions may include:Complete loss analysis reviews to safeguard the servicer’s assets and insure compliance with insurer requirementsAnalyze and rebut insurer curtailments for all government insured filed claims, including but not limited to conveyance, claims for advances, loss mitigation and non conveyance claimsQuality Control review for Default Claims, including supplemental claims to reduce loss exposure and provide loss analysis reportsAssist in compiling claims data for government claims audits, in addition reviewing auditors findings and providing rebuttal responsesComplete monthly write offs of remaining balances once all claims and supplemental funds received on an accountAct as a subject matter expert to the claims department to insure compliance on all claims filingsCorrespond with vendors and site employeesAct as a point of contact/liaison, ensuring that policies and procedures relating to invoicing and remittance are followed, including compliance with federal laws and regulationsDemonstrates professional behavior and teamwork, is punctual, dependable and adheres to Company policies and proceduresAbility to work necessary hours to ensure successMaintain regularand punctualattendance.Other Duties could include: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.Strong understanding of FHA, VA and GSE claims guidelinesExcellent organization skillsAttention to detail with a high level of accuracyExcellent communication skillsAnalytical and Problem Solving skillsWorks well in a team environmentAbility to meet deadlines in a fast paced environmentAbility to manage time well and prioritize tasksMicrosoft Office experience and advanced Excel knowledgeAbility to effectively present information to supervisory, etc.Ability to write reports and correspondenceAbility to read, analyze and interpret documents such as technical journals, financial reports, legal documents, policies and proceduresAbility to calculate basic financial figures and amountsProficient in computer skills and knowledge of word processing, spreadsheet, accounting, general ledger, accounts receivable, accounts payable, e-mail and internet softwareAbility to define problems, collect data, establish facts, and draw valid conclusionsAbility to work with little supervision.Ability to meet critical departmental and federal timelines with accuracy and efficiency.Ability to build relationships with both internal and external clients/vendors.Strong work and business ethicsEducation and/or Experience:High School diploma or equivalent required.Bachelor’s Degree from a Four (4) year College or University preferred.Minimum of five years of experience in the rebuttal of compensatory fees and curtailments process, investor claims processing, auditing and loss analysis reporting; or equivalent combination of education and experience. An in-depth understanding of all government regulations pertaining to claims filing and reimbursement. Language Skills:Ability to read and comprehend instructions, correspondence, memos, and work place policies. Ability to analyze, interpret general business periodicals, professional journals, procedures and governmental regulations. Ability to write professional correspondences. Ability to write routine business reports. Ability to speak effectively with other employees and/or customers. Ability to present formal information in one-on-one and small group situations to customers and employees. Ability to present information and respond to questions from groups of administrators, managers, employees, customers and/or the general public.Mathematical Skills:Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.Reasoning Ability:Ability to carry out detailed written and/or verbal instructions. Ability to solve problems involving concrete variables in standardized situations. Ability to define problems collects data, establish facts, and draw valid conclusions.Certificates, Licenses, Registrations:None required.Physical Demands:The physical demands described here are rep