Asset Operations Team Leader

Asset Operations Team Leader

What Asset Operations does (RBOA §2.7.1.1 and §4.1.4)

Asset Operations handles the receivership's reporting and servicing-operations functions: reporting and remittance of FDIC-retained loan activity and balancing for as long as those assets sit on the former institution's loan system; coordinating interim servicing with the Assuming Institution under the Interim Asset Servicing Agreement (P&A Exhibit 4.13); gaining control of asset files and records; imaging and researching files; comparing system data to file data and reconciling/correcting errors; and producing standard and ad hoc reports until all receivership assets are resolved. The work is general ledger, loan system, accounts payable and remittance reconciliation, and it is Excel-heavy: large data downloads, manipulation and multi-level reporting.

Tasks of the Team Leader

• Supervises Asset Operations Senior Professionals and Professionals under the Asset Operations Manager; plans and executes complex reporting and reconciliation assignments.
• Analyzes and resolves accounting and financial problems associated with institution or servicer remittances; applies independent judgment.
• Reviews subordinates' work papers for accuracy and compliance with FDIC policies and procedures; prepares the key deliverables defined in the receivership reporting policies.

Minimum qualifications (RBOA §4.2.6 – verbatim)

• Four-year business, accounting, computer science or equivalent degree from an accredited university, and 4 years' experience within operations at a financial institution or in a financial processing/operations environment.
• One (1) year in a project manager/supervisory capacity.
• Demonstrated organizational and management skills as well as oral and written communication skills.
• Experience or demonstrated skill in planning and execution of complex assignments.
• Ability to deal and communicate effectively with individuals at all levels.
• Ability to analyze and apply independent judgment in developing solutions to accounting and financial problems associated with institution or servicer remittances.

Proficiency in Microsoft Office and the ability to quickly learn standardized software/database systems used by the FDIC. Asset Operations must have advanced Word and Excel experience and proficiency capable of quickly obtaining and processing complex data downloads and manipulating data for a wide range of detailed and multi-level reports.

Note: the degree is required for this position 

Who to look for

• Loan operations / loan servicing supervisors, bank accounting or reconciliation supervisors, investor reporting or remittance supervisors, trust/custody operations managers, mortgage servicing operations managers – with a degree, four years of financial-institution operations and at least one year supervising or running projects. Advanced Excel is a hard requirement; ask about pivot tables, lookups and large data sets.