Bankruptcy Specialist II

PennyMac Corp.; Carrollton (TX); On-site; USD 40,000 - 60,000; Full time

Benefits offered by this job

Comprehensive Medical, Dental, and Vis

Paid Time Off Programs

Retirement benefits, 401k match

Philanthropy Programs

Bonus opportunities

Job summary

Pennymac is a specialty financial services firm focused on mortgage production and servicing. We are seeking a Bankruptcy Specialist II to manage complex bankruptcy cases, prepare essential documents, and collaborate with attorneys and vendors across the loan lifecycle.

You will mentor junior staff, ensure regulatory compliance, and contribute to process improvements within a dynamic, mission‑driven team. This role is office‑based with growth opportunities in the bankruptcy group.

Qualifications

• A high school diploma or equivalent; Bachelor's degree preferred
• A minimum of one year of experience as a Bankruptcy Specialist or two years in a related field
• In‑depth knowledge of federal, state, and investor requirements related to bankruptcy
• Proven ability to manage complex bankruptcy cases and resolve escalated issues
• Excellent written and verbal communication skills, with the ability to interact effectively with internal and external stakeholders
• Strong analytical and problem‑solving skills. Exceptional attention to detail and a commitment to accuracy
• Proficiency in Microsoft Office Suite and Google applications
• Ability to work independently and as part of a team. Strong leadership skills and a willingness to mentor junior staff

Responsibilities

• Bankruptcy Case Management: review loan documentation, track deadlines, monitor payments and ensure compliance with policies and investor rules
• Document Preparation: oversee the preparation and execution of essential legal documents
• Stakeholder Communication: coordinate with attorneys, vendors and service providers
• Compliance and Accuracy: ensure bankruptcy actions are accurate, timely and compliant
• Financial Calculations: handle proof of claim figures and affidavits
• Process Management: identify improvements and help develop policies
• Mentorship and Guidance: mentor Entry‑Level specialists to boost team efficiency
• Special Projects: lead projects related to bankruptcy processes or system enhancements

Skills

Excellent written and verbal | comms

Analytical and problem solving

Mentoring junior staff

Leadership

Independence

Education

High school diploma or equivalent

Bachelor's degree preferred

Tools

Microsoft Office Suite

Google Applications

Job description

PENNYMAC

Pennymac is (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

A Typical Day

As a Bankruptcy Specialist II, you will be responsible for managing various aspects of the bankruptcy process, working with a high degree of autonomy and expertise. You will be expected to leverage your comprehensive understanding of the legal and financial procedures involved to ensure accuracy and adherence to all applicable regulations. You will also mentor and guide junior staff.

The Bankruptcy Specialist II will:

• Bankruptcy Case Management: You will manage bankruptcy cases, which includes reviewing loan documentation, tracking critical deadlines, monitoring payments and ensuring compliance with company policies, investor guidelines, and Federal Bankruptcy rules. This role involves handling more complex cases and resolving escalated issues
• Document Preparation: You will oversee the preparation and execution of essential legal documents, such as proof of claims and motions for relief, ensuring accuracy and compliance with all legal and regulatory requirements
• Stakeholder Communication: You will communicate and collaborate with external parties, including attorneys, property preservation vendors, and other service providers. This role requires a high level of professional communication and negotiation skills
• Compliance and Accuracy: You will ensure that all bankruptcy actions are accurate, timely, and compliant with federal, state, and investor requirements. You will be a resource for ensuring adherence to best practices and regulatory changes
• Financial Calculations: You will manage the calculation of financial figures, such as proof of claim figures and affidavits in support of motions
• Process Management: You will identify opportunities for process improvements and contribute to the development of departmental policies and procedures
• Mentorship and Guidance: You will provide guidance and mentorship to Entry‑Level Bankruptcy Specialists, supporting their professional development and ensuring team efficiency
• Special Projects: You will participate in and/or lead special projects related to bankruptcy processes, compliance, or system enhancements

What You’ll Bring

• A high school diploma or equivalent; Bachelor's degree preferred
• A minimum of one year of experience as a Bankruptcy Specialist or two years in a related field
• In‑depth knowledge of federal, state, and investor requirements related to bankruptcy
• Proven ability to manage complex bankruptcy cases and resolve escalated issues
• Excellent written and verbal communication skills, with the ability to interact effectively with internal and external stakeholders
• Strong analytical and problem‑solving skills. Exceptional attention to detail and a commitment to accuracy
• Proficiency in relevant software and systems, including Microsoft Office Suite and Google applications
• Ability to work independently and as part of a team. Strong leadership skills and a willingness to mentor junior staff

Why You Should Join

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do.

Pennymac is committed to conducting a business that makes positive contributions and promotes long‑term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.

Benefits That Bring It Home

Whether you’re looking for flexible benefits for today, setting up short‑term goals for tomorrow, or planning for long‑term success and retirement, Pennymac’s benefits have you covered. Some key benefits include:

• Comprehensive Medical, Dental, and Vision
• Paid Time Off Programs including vacation, holidays, illness, and parental leave
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
• Retirement benefits, life insurance, 401k match, and tuition reimbursement
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
• We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities.

To learn more about our benefits visit:

https://pennymacnews.page.link/benefits

For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information

Compensation

Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

• Lower in range - Building skills and experience in the role
• Mid‑range - Experience and skills align with proficiency in the role
• Higher in range - Experience and skills add value above typical requirements of the role

Some roles may be eligible for performance‑based compensation and/or stock‑based incentives awarded to employees based on company and individual performance.

Salary

$40,000 - $60,000

Work Model

OFFICE