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Job Title: Default Accounting Specialist
Company Name: Truist Financial
Location: Richmond, VA United States
Position Type: Full Time
Post Date: 06/08/2024
Expire Date: 07/08/2024
Job Categories: Banking, Computers, Software, Finance/Economics, Financial Services, Information Technology
Job Description
Default Accounting Specialist

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.

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Regular or Temporary:


Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:


Responsible for providing accounting support for Default Operations by completing routine to moderate complex default accounting functions within a team environment by reducing risk and losses to the Bank. Responsible for accurate and efficient processing to ensure timely and quality output, while adhering to policies and procedures. May assist in training of newly hired teammates. Self-motivated and works with little to no oversight prior to moving to next level. Ability to multitask in a fast paced production environment.


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.

1. Process daily work flow queues to ensure all assigned tasks are completed within established timelines and service level agreements

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

3. Responsible for reviewing Third Party remittance and invoice files for completeness and accuracy prior to system processing and act as backup to internal teammates

4. Review all real estate tax and foreclosure sales & summons notices accurately and timely to protect the interest in properly securing loan accounts and minimize financial losses. Maximizing recovery dollars on accounts by monitoring sales for surplus funds activity and responding to notices within a timely manner.

5. Review to determine collectability of Surplus Funds resulting from Tax and Foreclosure sales that may have occurred. Sometimes this would entail assisting in-house Legal or outside Agencies in obtaining documentation necessary to pursue.

6. Create and send letters and valuations to clients in accordance with Regulation B within 5 business days. Includes but not limited to process tracking, system updates and imaging processes

7. Process financial transactions and perform account maintenance on various core systems. This includes but not limited to payment processing, charge off and judgment processing.

8. Prepare all necessary General Ledger (GL) entries for proper accounting treatment and reconciliation.

9. Responsible for distributing, processing, and imaging of incoming documents / mail.

10. Act as backup to internal teammates.


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.

1. High School diploma or equivalent education and related training.

2. 1+ years of financial services or equivalent of customer related experience related to foreclosures and recovery accounting.

3. Strong Data entry skills

4. Proficient in basic computer applications, such as Windows Operating System and Microsoft Office software products.

5. Effective verbal and written communication skills

Preferred Qualifications:

1. Experienced knowledge of the various phases of Consumer Default process

2. Experience in foreclosure processing and financial service industry

3. Associates or bachelor's degree preferred

4. 2+ years of financial services or equivalent of customer related 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 Truists generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truists 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 LawPay Transparency Nondiscrimination Provision E-Verify

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