Default Analyst

Are you a detail-oriented individual with a knack for problem-solving? Do you thrive in a fast-paced environment and have a passion for finance? First Citizens Bank is seeking a Default Analyst to join our dynamic team. As a Default Analyst, you will play a critical role in managing and analyzing defaulted loans, ensuring compliance with regulatory requirements and mitigating financial risk for the bank. We are looking for a highly organized and analytical individual with a strong understanding of loan processes and regulations. If you are ready to take on a challenging and rewarding role in the banking industry, read on to learn more about the qualifications and responsibilities for this position.

1. Analyze and manage defaulted loans, ensuring compliance with regulatory requirements and mitigating financial risk for the bank.
2. Conduct thorough investigations and research to identify the root cause of loan defaults.
3. Develop and implement effective strategies to resolve defaulted loans and minimize financial losses for the bank.
4. Collaborate with internal teams such as loan officers, legal counsel, and collections to coordinate and execute default resolution plans.
5. Maintain accurate and detailed records of all defaulted loans, including communication with borrowers and any actions taken.
6. Stay updated on industry regulations and changes in loan processes to ensure compliance and inform decision-making.
7. Conduct regular audits of default processes and procedures to identify areas for improvement and implement necessary changes.
8. Communicate with external entities such as credit bureaus, attorneys, and investors to resolve defaulted loans and provide necessary documentation.
9. Prepare and present reports on default trends, risks, and resolutions to management and other stakeholders.
10. Provide exceptional customer service to borrowers by addressing inquiries and concerns related to defaulted loans.
11. Contribute to the development and implementation of training programs for new employees on default processes and procedures.
12. Participate in team meetings and contribute to the development of departmental goals and strategies.
13. Adhere to all company policies and procedures, as well as regulatory requirements, in all aspects of the role.
14. Maintain confidentiality and handle sensitive information in a professional manner.
15. Continuously seek opportunities to improve and streamline default processes for increased efficiency and effectiveness.

According to JobzMall, the average salary range for a Default Analyst in Raleigh, NC, USA is $43,000 to $62,000 per year. However, salaries can vary depending on factors such as experience, education, and specific job responsibilities. Additionally, salaries may be higher for those with specialized skills or working for a larger company.

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina. Its primary subsidiary is First Citizens Bank.