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Truist Default Accounting Senior Specialist in Richmond, Virginia

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(accommodation requests only; other inquiries won't receive a response).

Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Responsible for providing support for various Default Operations by completing complex default accounting functions within a team environment by reducing risk and losses to the Bank. Provide continuous and ongoing support to ensure procedures are current and up to date in adherence with Corporate Accounting and Credit policies and procedures. Engages in system testing related to GL system upgrades and enhancements for both regression and new system functionality. Self-motivated, works with little to no management oversight to include assigned projects in a fast paced production environment. Ability to multitask in a fast paced production environment; acts as a trusted resource for inquiries. Ensures clear and effective communication with leadership on reporting and escalating potential production or quality issues and recommendations on improvements.

Essential Duties and Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

Create environment of open conversation with internal and external partners to facilitate proper and efficient processes including escalated issues with minimal supervision.

Meet/exceed established individual and departmental production and quality metrics in accordance with established policies and procedures.

Act as backup to internal teammates, to include leadership tasks to assist other teammates in problem solving when items occur, ensuring all processes are executed seamlessly.

Reconcile charge off, write down and Trouble Debt Restructuring (TDR) related activity from various Systems of Record (SOR) to corresponding General Ledger accounts

Review and validate invoices to ensure items meet contractual terms for transactions submitted and within approval limits and to ensure proper processing to general ledger system.

Analyze processed judgments that have been populated to ensure completeness and accuracy of input into the system.

Prepare Equity Analysis (EA) on consumer equity products to help determine if it would be equitable to foreclose or charge off the account.

Analysis and/or process equity charge offs, FFIEC write downs and TDR processing in accordance with the Accounting and Credit Policy

Responsible for handling REO Accounting entries and applicable processes to support the Foreclosure Line of Business. This includes paying taxes for accounts in foreclosure, reviewing foreclosure invoices, reviewing aged items in the In-Process GL accounts, and preparing GL entries for the REO Bring In process.

Responsible for various Property Preservation activities for Real Estate products utilizing external Loss Draft vendor processing.

Qualifications

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

High School diploma or equivalent.

3+ years of accounting services or financial services related experience

Proficient in Data entry skills, including computer applications , such as Windows Operating System and Microsoft Office software products

Professional verbal and written communication skills

Excellent time management and organizational skills

Preferred Qualifications:

Associates or bachelor’s degree preferred

In-Depth knowledge of the various phases of Consumer Default Process

Experience in foreclosure processing and financial service industry

4+ years of financial services or equivalent of customer related experience

Previous team leadership experience

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)

. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

EEO is the Law (https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf)

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