Bankruptcy Specialist III

Pennymac • Carrollton, TX

4d • Onsite

About The Position

As a Bankruptcy Specialist III, you will be an expert in all facets of the bankruptcy process, managing highly complex cases and providing guidance and mentorship to the team. You will be a key contributor to policy development, process improvement, and risk mitigation strategies.
The Bankruptcy Specialist III will:
Bankruptcy Case Management: You will manage the most complex bankruptcy cases, including those involving litigation, contested matters, and high-risk scenarios. Develop and implement strategies for efficient and effective resolution while mitigating potential losses
Document Oversight and Strategy: Oversee the preparation and execution of all essential legal documents, ensuring the highest levels of accuracy, compliance, and legal soundness. Develop document strategies for complex or unique situations
Stakeholder Leadership and Collaboration: Act as a primary liaison with external parties, including attorneys, property preservation vendors, and other service providers. Lead negotiations, resolve disputes, and foster strong, collaborative relationships
Compliance Mastery and Risk Management: Ensure that all bankruptcy actions adhere to federal and investor requirements. Proactively identify and assess potential risks, and develop strategies to mitigate them
Serve as a subject matter expert on regulatory changes and industry best practices
Financial Strategy and Analysis: Oversee the calculation and audit of all financial figures, including complex final case discharge payment analysis, affidavit figures, and claim amounts. Manage bankruptcy account ledger, cash escalations and exceptions. Analyze financial data to develop and recommend optimal strategies for maximizing recovery and minimizing losses
Process Innovation and Optimization: Identify opportunities for process improvements, develop and implement departmental policies and procedures, and drive initiatives to enhance efficiency, accuracy, and compliance
Team Leadership and Development: Provide leadership, guidance, and mentorship to Bankruptcy Specialists I and II, fostering a high-performance team culture, promoting professional development, and ensuring team efficiency
Strategic Projects and Initiatives: Lead and participate in strategic projects and initiatives related to bankruptcy processes, compliance, system enhancements, and organizational objectives

Requirements

• A high school diploma or equivalent
• A minimum of three years of experience as a Bankruptcy Specialist or a minimum of five years of experience in a related field, with a proven track record of success in handling complex cases
• Extensive and in-depth knowledge of federal and investor requirements related to bankruptcy, including a thorough understanding of legal procedures and regulatory changes
• Demonstrated ability to manage highly complex bankruptcy cases, resolve escalated issues, and develop effective strategies for mitigating risk and loss
• Exceptional written and verbal communication skills, with the ability to interact effectively with internal and external stakeholders at all levels, including senior management and legal counsel
• Strong analytical, problem-solving, and decision-making skills, with the ability to exercise sound judgment in complex and high-pressure situations
• Exceptional attention to detail and a commitment to accuracy, with a focus on ensuring the highest levels of compliance and legal soundness
• Advanced proficiency in relevant software and systems, including Microsoft Office Suite, Google applications and specialized bankruptcy management platforms
• Proven ability to work independently, lead teams, and drive results.
• Strong leadership skills, including experience in mentoring and developing junior staff, fostering a collaborative team environment, and promoting professional growth

Nice To Haves

• Bachelor's degree in a related field preferred

Responsibilities

• Manage the most complex bankruptcy cases, including those involving litigation, contested matters, and high-risk scenarios.
• Develop and implement strategies for efficient and effective resolution while mitigating potential losses.
• Oversee the preparation and execution of all essential legal documents, ensuring the highest levels of accuracy, compliance, and legal soundness.
• Develop document strategies for complex or unique situations.
• Act as a primary liaison with external parties, including attorneys, property preservation vendors, and other service providers.
• Lead negotiations, resolve disputes, and foster strong, collaborative relationships.
• Ensure that all bankruptcy actions adhere to federal and investor requirements.
• Proactively identify and assess potential risks, and develop strategies to mitigate them.
• Serve as a subject matter expert on regulatory changes and industry best practices.
• Oversee the calculation and audit of all financial figures, including complex final case discharge payment analysis, affidavit figures, and claim amounts.
• Manage bankruptcy account ledger, cash escalations and exceptions.
• Analyze financial data to develop and recommend optimal strategies for maximizing recovery and minimizing losses.
• Identify opportunities for process improvements, develop and implement departmental policies and procedures, and drive initiatives to enhance efficiency, accuracy, and compliance.
• Provide leadership, guidance, and mentorship to Bankruptcy Specialists I and II, fostering a high-performance team culture, promoting professional development, and ensuring team efficiency.
• Lead and participate in strategic projects and initiatives related to bankruptcy processes, compliance, system enhancements, and organizational objectives.

Benefits

• 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
• bonus opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED