Bankruptcy Audit Associate II

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Conduct forensic quality assurance audits on intricate and high-risk bankruptcy operations.

• Audit loans currently in bankruptcy or previously affected by bankruptcy, including adversarial cases, litigated loans, payment/borrower disputes, complex exit audits, cramdowns, and lien strips.

• Create audit plans by evaluating risks, defining scope, and setting timelines.

• Analyze data and operational processes to uncover discrepancies, inefficiencies, and opportunities for enhancement.

• Examine financial records, invoices, legal documents, and other paperwork for compliance.

• Evaluate internal controls and risk management practices, providing recommendations for improvements.

• Compile audit reports detailing findings, conclusions, and suggestions for management and vendors.

• Partner with management to discuss findings and formulate corrective action plans.

• Execute follow-up audits to confirm the implementation of corrective actions.

• Keep abreast of industry trends, best practices, and regulatory updates.

• Offer training and mentorship to team members.

• Engage in special projects and investigations that involve financial analysis and risk evaluation.

• Develop and sustain relationships with clients and vendors.

• Set up and monitor audit performance metrics.

• Implement quality assurance procedures.

• Establish and uphold documentation standards for audit work papers.

⛳️ Requirements

• Over 7 years of experience in bankruptcy.

• More than 7 years of experience in mortgage servicing.

• High school diploma or equivalent qualification.

• Proficient PC skills, including all Microsoft applications.

• Strong analytical and problem-solving capabilities.

• Keen attention to detail and accuracy.

• Excellent verbal and written communication skills.

• Ability to engage positively and professionally with both internal and external stakeholders.

• 40 hours per week; overtime may be necessary.

• Preferred: Over 3 years of experience in risk assessment/auditing.

• Preferred: More than 3 years of experience with MSP, ICE, AACER, PACER, and NDC.

• Capability to work in an on-site office environment or a quiet, designated remote workspace free of distractions.

• Ability to remain in a stationary position and/or move throughout the organization or remote office.

• Skills to sit, stand, walk, type, write, handle, feel, and reach.

• Capability to occasionally climb, balance, stoop, kneel, crouch, or lift/move up to 25 lbs.

• Ability to utilize computers and standard office equipment for extended periods.

🏝️ Benefits

• Medical, Dental, Vision, Wellness, Flexible Spending Account, and Employee Assistance Program.

• Employer-funded Life Insurance.

• Short-Term Disability coverage.

• Long-Term Disability coverage.

• 401(k) Plan with company matching contributions.

• Paid Vacation time.

• Paid Sick Leave.

• Paid Personal Leave.

• Paid Holidays.

• Reasonable accommodations for qualified disabilities.