Bankruptcy Audit Associate II

Bankruptcy Audit Associate II

Full time; Non-Exempt; 40 hours/week; overtime as required.

Location: Lake Zurich, IL, US

Department: Bankruptcy

Dovenmuehle Mortgage, Inc. ("Dovenmuehle") is the leading mortgage subservicing firm in the United States with several hundred financial institution clients nationwide.

General Description:

Performs forensic quality assurance audits on the most complex functions performed internally and by affiliated law firms assigned to departmental files and processes to ensure compliance with organizational standards and applicable regulations.

Essential Functions and Duties:

Conducting Audits: Perform a rigorous examination of loans in or previously in bankruptcy, focusing on internal controls, and compliance with regulatory requirements to ensure accuracy and integrity. The audits completed will be of the most complex/high risk areas in bankruptcy, including but not limited to the following: Adversaries, Litigated loans, Payment/Borrower Disputes, Complex Exit Audits, Cramdowns, and lien strips.

Planning and Preparation: Develop audit plans by assessing risk areas, determining audit scope, and establishing timelines to ensure efficient and effective audits.

Data Analysis: Analyze data and operational processes to identify discrepancies, inefficiencies, and areas for improvement, using analytical tools and techniques.

Documentation Review: Examine and evaluate documentation, including financial records, invoices, and legal documents, to verify compliance with standards and organizational policies.

Internal Controls Assessment: Assess the effectiveness of internal controls and risk management processes, recommending improvements to enhance operational efficiency and mitigate risks.

Reporting Findings: Prepare detailed audit reports summarizing findings, conclusions, and recommendations, presenting them to management and vendors in a clear and concise manner.

Collaboration with Management: Work closely with management to discuss audit findings, provide insights, and assist in the development of action plans for addressing identified issues.

Follow-up Audits: Conduct follow-up audits to verify that corrective actions have been implemented and that issues identified in previous audits have been resolved.

Continuous Improvement: Stay informed about industry trends, best practices, and changes in regulations to continuously improve audit processes and methodologies.

Training and Mentorship: Provide training and mentorship to staff, fostering a culture of learning and professional development within the team.

Special Projects: Participate in special projects or investigations as needed, providing expertise in financial analysis and risk assessment to support organizational goals.

Client Relationship Management: Build and maintain strong relationships with clients and vendors.

Performance Metrics: Establish and monitor performance metrics for audit processes, ensuring that audits are completed on time while meeting quality standards.

Quality Assurance: Implement quality assurance processes to review audit work and ensure compliance with internal and external standards, promoting continuous improvement.

Documentation Standards: Establish and maintain documentation standards for audit work papers, ensuring that all audit evidence is properly recorded and easily accessible for review.

Required Qualifications:

7+ years of bankruptcy experience.

7+ years of mortgage servicing experience.

High school diploma or equivalent.

Strong PC skills, including all Microsoft applications.

Strong Analytical and problem-solving skills and attention to detail /accuracy.

Effective verbal and written communication skills with demonstrated ability to always interact in a positive and professional manner with all levels of both internal and external audiences.

Preferred/Other Qualifications:

3+ years of risk assessment/auditing experience.

3+ years' experience with the following: MSP, ICE, AACER, PACER, and NDC

Benefits:

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

Employer paid Life Insurance, Short Term Disability, and Long-Term Disability.

401 (K) Plan with company match

Paid Vacation, Sick, Personal and Holidays

Physical Demands and Work Environment:

The employee must be comfortable in either an on-site office setting, or a quiet, designated work from home space that is free from distractions and noise. The employee is regularly required to communicate (give/receive) information through multiple methods of communication with clear understanding from others. Must be able to exchange accurate information in these situations.

The employee must be able to remain in a stationary position and or move about the organization or remote office. The employee is frequently required to stand or walk (or otherwise move through the organization); sit; use hands to type, write, handle, or feel and reach. May occasionally climb or balance; stoop, kneel, or crouch; or lift and/or move up to 25 lbs. Employees may be required to type and utilize a computer for long periods of time.

The employee may be required to frequently operate a standard variety of office equipment including computers, calculators, copy machine, computer printer and phones. The noise level, if working on-site, is usually moderate and typical of an office environment.

In accordance with applicable disability laws, Dovenmuehle works with applicants and employees to make reasonable accommodations to the job or work environment when doing so will enable an employee with a qualified disability to satisfactorily perform the essential functions of the job.