Loss Forensic Analyst

TEKsystems; Charlotte (NC); Remote; USD 80,000 - 100,000; Full time

Job summary

An established industry player is seeking a Loss Analysis Specialist to join their fully remote team. In this pivotal role, you will conduct detailed reviews of servicing files, assess claims, and perform root cause analyses to ensure compliance with regulations. You will be responsible for submitting chargebacks, managing data accuracy, and training new team members, all while collaborating with various teams to resolve discrepancies. This position offers a competitive hourly rate and a comprehensive benefits package, making it an excellent opportunity for those looking to make a significant impact in loss analysis.

Benefits

Health Insurance

401(k)

Life Insurance

Disability Coverage

HSA

Paid Time Off

Qualifications

• Experience in loss analysis and fraud detection.
• Proficiency in MS Excel, particularly with VLOOKUP and Pivot Tables.

Responsibilities

• Review servicing files and assess supplemental claims.
• Conduct root cause analyses and submit chargebacks.
• Train new team members and manage compliance documentation.

Skills

Loss Analysis

Loss Control

Fraud Detection

MS Excel (VLOOKUP, Pivot Tables)

Tools

Data Analysis Tools

Job description

*Job Description*

The Loss Analysis Specialist performs detailed reviews of servicing files after claims recoveries are completed to determine losses and root causes. Responsibilities include submitting chargebacks to departments and vendors for avoidable losses, clearing balances on the loan, and closing the REO Workstation.

Key duties include:

1. Reviewing servicing files from the date of default to final claim payment.
2. Assessing if a supplemental claim is necessary.
3. Conducting root cause analyses to ensure compliance with regulatory and contractual requirements.
4. Submitting RCA chargebacks with detailed backup and handling follow-up inquiries.
5. Identifying types of losses and reconciling final accounting.
6. Requesting system updates to clear balances and close the REO Workstation.
7. Flagging missed steps outside review processes.
8. Training new team members and serving as a Subject Matter Expert for escalations.
9. Performing risk assessments, ensuring compliance, and managing data accuracy.
10. Supporting management with reporting and performance monitoring.
11. Reviewing documentation for compliance and updating policies accordingly.
12. Ensuring timely issuance of compliance letters and reporting default statuses accurately.
13. Conducting post-mortem loan analyses to identify claimable losses and process gaps.

Skills required include loss analysis, loss control, fraud detection, and proficiency in MS Excel, especially VLOOKUP and Pivot Tables. Familiarity with various technology tools and applications is preferred.

Additional responsibilities involve maintaining master data spreadsheets, researching complex transactions, and collaborating with teams to resolve discrepancies. The role demands high accuracy, adherence to regulations, and proactive communication regarding compliance issues.

This position is fully remote, with an anticipated application deadline of May 9, 2025. Compensation ranges from $26.00 to $38.00 per hour, with eligibility for benefits such as health insurance, 401(k), life insurance, disability coverage, HSA, and paid time off.