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$26/hr–$38/hr
Full-time
high school, bachelor degree
Medical Insurance, Dental Insurance, Life Insurance, 401(k), Tuition Assistance, Training
Posted 44d ago
~40 hrs/week
Responsibilities
Responsible for analyzing, auditing, and reconciling bankruptcy reports and files to ensure compliance with government and investor guidelines. The role involves managing Trustee payments, auditing suspense funds, and partnering with leadership to automate manual processes.
Requirements
Requires a High School Diploma or GED, with a Bachelor's degree preferred and 3+ years of experience in financial or mortgage servicing. Candidates must have strong analytical skills and a deep understanding of Bankruptcy laws (Chapters 7, 9, 11, 12, 13) and various federal regulations.
Full job description
Cenlar is the nation’s leading mortgage loan subservicer. Our unique culture is defined by our core values of respect, trust, integrity and care. A promote-from-within philosophy, and opportunities for continuous professional growth make Cenlar a great place to launch or boost your career.
This is HYBRID position requiring 4 days in office/remote Friday
The Bankruptcy Reconciliation Specialist is responsible for analyzing, auditing and reconciling various reports throughout the Bankruptcy process. This role is also responsible for complying with all guidelines and requirements set forth by government agencies, private investors, master servicers and bankruptcy laws.
Responsibilities:
Partners with Bankruptcy leadership to build new reports and help automate manual processes as needed
Audits bankruptcy files for compliance with federal and state regulations.
Analyzes and reconciles Chapters 11, 12 and 13 files annually to ensure proper posting of Trustee payments
Performs final Chapters 11, 12 and 13 reconciliations within 30 days of discharge
Performs final Chapter 11, 12 and 13 reconciliations within 24 hours of dismissal
Analyzes and audit funds placed in suspense to ensure the funds are credited to the correct suspense bucket
Applies suspense funds to the correct post or pre-petition payment
Audits the daily suspense reports and aging reports
Analyzes Trustee ledgers as needed
Analyzes payment histories
Analyzes Chapters 11, 12 and 13 loans for post-petition fee notice filings
Analyzes Chapter 7 asset loans for state mandated completion requirements
Provides reporting support when needed within the Bankruptcy Department
Completes other duties as assigned
Appropriately assess risk when business decisions are made, include but not limited to compliance and operational risk. Demonstrate consideration for Cenlar’s reputation as well as our clients, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards
Interface:
External – with trustees and attorneys
Internal – within the bankruptcy, escrow, cash and other departments.
Qualifications:
High School Diploma or GED required
Bachelor’s Degree preferred
3+ years combined financial services, mortgage servicing
2+ years audit, accounting, quality control testing, risk management, financial analysis, or similar experience preferred
Past experience working with loan level data base files (Cenbase,Excel, LPS, or other types of loan servicing systems)
Loan servicing experience specifically in the areas of Bankruptcy
Applicant must demonstrate ability to work independently and manage several projects at the same time
Ability to identify and quantify operational risk in various functions
Strong analytical and math skills
Excellent presentation and verbal communication skills with the ability to work well with others
Strong MicrosoftExcel background
It is critical that you have an understanding of the following:
Regulation X (Real Estate Settlement Procedures Act) Escrow Accounts.
Regulation Z (Truth in Lending Act), specifically Periodic Statements for Residential Mortgage Loans, and Prohibited Acts or Practices and Certain Requirements for Credit Secured by a Dwelling.
Regulation V (Fair Credit Reporting Act) specifically, Reasonable Policies and Procedures Concerning the Accuracy and Integrity of Furnished Information.
Servicemember Civil Relief Act, specifically Maximum Rate of Interest on Debts Incurred before Military Service.
Regulation B (Equal Credit Opportunity Act), specifically Rules on Providing Appraisals and Other Valuations.
Total Rewards:
At Cenlar, you’ll receive an outstanding benefits package that includes paid medical, dental, and life insurance, 401(k), and tuition assistance as well as opportunities for training and professional advancement.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, gender identity), national origin, age, disability, or status as a protected veteran.
Cenlar is a Drug-Free Workplace committed to maintaining a safe, healthy, and productive work environment. All employment offers are contingent upon successfully passing any required drug screening in accordance with applicable laws and company policy.
Cenlar complies with the Americans with Disabilities Act and state laws. Applicants needing accommodation for any hiring step—such as completing a form, test, or interview—should let us know by contacting [email protected]
The actual compensation offered will depend on factors including but not limited to the candidate's experience, qualifications, skills, and location. This range listed below represents the reasonable minimum and maximum salary the company expects to pay for this position.
Cenlar is the industry’s premier mortgage subservicer and a federally chartered commercial bank, trusted to manage millions of loans across all 50 states and U.S. territories. Serving a diverse portfolio of banks, credit unions, and mortgage bankers, we deliver a homeowner experience rooted in care, innovation, and excellence. As an extension of our clients’ businesses, we simplify the complexities of mortgage servicing through expert teams, pioneering AI-driven solutions, and flexible, high-quality processes.
Leveraging deep mortgage expertise and banking capabilities, Cenlar offers value-added programs to support our clients, with scalable liquidity solutions that include a home equity loan purchase program. Headquartered in Ewing, NJ, with employees nationwide, Cenlar is industry-rated and regularly audited by independent third parties.
Offices: 425 Phillips Blvd., Ewing, NJ 08618, US · 780 Township Line Rd, Yardley, Pennsylvania 19067, US · 370 Scotch Rd, Ewing, New Jersey 08628, US · 7 Graphics Dr, Ewing, New Jersey 08628, US · 1800 American Blvd, Pennington, New Jersey 08534, US
How much do Finance & Accounting jobs in New Jersey pay?
Based on 2979 listings with disclosed salaries, most finance & accounting jobs in New Jersey pay between $72k–$200k per year. Individual offers vary with seniority, company size, and specialization.
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