Financial Analyst, Mortgage Insurance Fund
Company: MassHousing
Location: Revere
Posted on: June 20, 2022
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Job Description:
Title: Financial Analyst, Mortgage Insurance Fund
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Position Closes: June 13, 2022
Website: https://www.masshousing.com
THE ORGANIZATION
MassHousing will confront the housing challenges facing the
Commonwealth to improve the lives of its people. A bold mission for
an innovative agency. Since its inception in 1966, MassHousing has
provided more than $27.5 billion for more than 125,000 apartments
and more than 105,000 home mortgage loans. Beyond lending, we also
work to promote economic growth and empowerment for families,
individuals, and businesses; help communities increase their
housing stock; provide hope and homes for vulnerable populations,
and look for new, cost-effective ways to provide equitable housing
opportunities. We have a relentless determination to confront the
Commonwealth's housing challenges and improve lives.
We know that we cannot meet our mission without a workforce that is
committed to standing with us in our efforts. We achieve this by
making investments in staff development and prioritizing
individuals who align with our values including an unwavering
dedication to diversity, equity, and inclusion.
As an employee of MassHousing you are offered a great career
opportunity which is more than a paycheck. MassHousing' s total
compensation package features an outstanding set of employee
benefits which you should consider towards your overall
compensation, including but not limited to:
Tuition reimbursement up to $10,000 per calendar year
A 35-hour work week and a hybrid work schedule
Back up Child/Elder Care
Retirement Savings including a pension and a deferred compensation
plan (with a match)
Comprehensive health, dental and vision plans
12 paid Holidays per year and generous sick, vacation, and personal
time
Short-Term Disability
Central Boston office location, convenient to public transportation
and amenities on site
If you're ready to join our dynamic team of mission driven
professionals, this might be the job for you! Interested candidates
should send a letter of interest and a resume to MassHousing by
logging in to
https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch
Position Summary
Under the direct supervision of the Manager of the Mortgage
Insurance Fund (MIF), the Financial Analyst of MIF will support
both external and internal customers. The Financial Analyst will be
responsible for review of mortgage insurance servicing functions
such as: claim reviews, loss mitigation requests, releases of
liability and assumptions, reinsurance matters, and ad-hoc, daily,
monthly, and quarterly reporting to GSEs and reinsurers. The
Financial Analyst will work closely with management and MIF team
members to ensure the systems and portfolio remain accurate and
up-to-date and will also collaborate with internal departments to
provide input and complete servicing activities and organizational
initiatives.
Specific Duties and Responsibilities
Review, perfect and coordinate processing of all MI claims from
servicers.
Learn to handle and process all MIPlus matters submitted by
borrowers and servicers.
Prepare bidding instructions for foreclosure sales and make
recommendations on loss mitigation requests.
Work with risk analysts on releases of liability and mortgage
assumptions.
Collaborate with Accounting department to ensure that all general
ledger transactions regarding the MIF are reconciled.
Work closely with reinsurance partners on reporting and contractual
issues.
Work closely with actuarial partners on quantitative risk analysis
and reporting needs.
Identify and investigate impacts of market and loan risk factors,
such as regional economic indicators, competitive intelligence, and
housing policy changes.
Ensure payments of all MIF obligations are handled promptly.
Provide information to Accounting and MassHousing's audit firm to
produce the annual MIF financial audit and quarterly review.
Collaborate with multiple partners to complete and submit quarterly
reports to Government Sponsored Enterprises.
Partner with IT staff in working through system enhancements,
issues, and resolution. Ensure systems logic aligns with
operational processes. Recommend enhancements as needed.
Collaborate with Quality Control to gather and report QC
results.
Provide updates to MassHousing's Information Statement and other
bond-related documents.
Prepare monthly, quarterly, and annual servicing reconciliations
and discuss trends with management.
Coordinate and prepare standard and ad hoc reporting using data
analysis tools.
Perform other tasks and duties as assigned.
Knowledge, Skills and Abilities Required
Exceptional critical thinking and problem-solving skills.
Strong work ethic and the ability to work independently with
minimal supervision, and as a member of a team.
Strong interpersonal and communication skills.
Effective time management and project management skills.
Proficiency with Microsoft Office Suite and competence in a variety
of technological platforms and processes.
Minimum Education and Training
Bachelor's degree in accounting, finance, risk management, banking,
economics, or related field. A background in mortgage, insurance or
financial services analytical support is preferable.
Minimum of 5 years of increasing responsibilities in
accounting/finance/risk management/mortgage-related business.
Technologically savvy and able to demonstrate competence in a
variety of reporting and data analysis tools.
Salary Range: $72,956.00 to $94,842.00
All positions at MassHousing require a customer service mindset, in
accordance with our values: Integrity, Excellence, Collaboration,
Respect, Accountability and Service. Inherent in these values is
our commitment to diversity, equity, and inclusion for all.
This position has been designated as "Flex" under MassHousing's
Alternative Work Schedule (AWS)-hybrid work model which means;
employee is in the office at least eight days a month.
As a condition of employment, successful applicants will be
required to be fully vaccinated against COVID-19 or have an
approved exemption as of their start date. Details relating to
demonstrating compliance with this requirement will be provided to
applicants selected for employment. Applicants who receive an offer
of employment who can provide documentation that the vaccine is
medically contraindicated or who object to vaccination due to a
sincerely held religious belief may make a request for an
exemption.
MassHousing is an Equal Opportunity Employer
Keywords: MassHousing, Revere , Financial Analyst, Mortgage Insurance Fund, Professions , Revere, Massachusetts
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