Default Management Assitant I

Eastern Bank•Wakefield, MA

4d•$23 - $37•Hybrid

About The Position

The Default Management Assistant I will support the Default Management Team while being responsible for the administrative support, document production to support both Consumer and Small Business product lines. The Default Management Assistant I will assist with special projects and provide input and support as needed. The Default Management Assistant I must have the ability to work independently and to consistently demonstrate the ability to balance multiple assignments and priorities. Possess strong communication skills, both written and verbal and have the interpersonal skills needed for a positive team environment. Must work within the boundaries of the Division’s and Bank’s policies and procedures.

Requirements

1-2 years office experience
Knowledge of general office tools, printer, scanner, computer, mailing applications
Knowledge of general banking operations and activities
Must be able to work independently with little direction
Strong communication, organizational, writing, and interpersonal skills required
Working knowledge of the following programs: Microsoft Office (Excel/Word/Outlook/PowerPoint/Teams)
Metavante Insight/FIS
Proficiency with general office tools, printers, scanners, computers, and mailing applications.
Working knowledge of general banking operations and activities.
Ability to work independently with little direction.
Strong written and verbal communication skills.
Excellent organizational and interpersonal abilities.
Experience with Microsoft Office (Excel, Word, Outlook, PowerPoint, Teams).
Familiarity with Metavante Insight/FIS platforms.
Detail‑oriented with a focus on accuracy and compliance.
High school diploma or equivalent

Nice To Haves

Associates degree preferred, but not required.
Some travel may be required between office sites for training, meetings and to foster a greater degree of teamwork.
Flexibility to travel between office sites as needed.
associate degree or relevant experience preferred.

Responsibilities

Ensure a high level of customer satisfaction and strive to quantify and minimize Eastern Bank’s risk of loss. This may include monitoring default management mailboxes (physical & email) and getting documents to accurate parties for timely completion. Printing, scanning, uploading, and mailing of Default Management written communications.
Assume responsibility for maintaining Chex Systems and other tracking for overdrawn deposit accounts ensuring that all bank procedures are adhered to, and payments are posted accurately and timely. Transfer weekly DDA charge offs to Recovery Sheet. In the event of fraud, work with Security.
Take ownership of all invoice processing, for both vendors & outside counsel, as well as assessing fees to correct accounts and GLs. Assist the Bankruptcy Team with monitoring incoming mail, labeling and filing documents to correct electronic cabinets.
Research, and document issues in need of resolution and follow through to achieve desired result. Any issues in need of further escalation should be brought to management attention for assistance once all necessary research has been complete
Assist with skip tracing, offsets, and other risk management efforts, property inspection ordering, appraisal ordering, contact information etc.
This position is authorized to make decisions related to overdrawn direct deposit accounts and reporting, as well as mail delivery.
Management with the proper credit authority will make final decisions on all invoice processing and fee assessment.
Operate and maintain office equipment such as printers, scanners, and computers.
Prepare, format, and distribute internal and external correspondence and reports.
Assist with routine banking operations and transaction processing.
Maintain accurate filing systems and manage document control.
Coordinate scheduling, meetings, and travel arrangements for department staff.
Provide data entry and analysis using Microsoft Excel and other Office tools.
Support the use of Metavante Insight/FIS for account and loan monitoring.
Communicate effectively with internal teams and external partners.
Track and follow up on action items to ensure timely completion.
Participate in cross‑site training sessions and team‑building activities.