Bankruptcy Specialist II

About the role

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey. A Typical Day As a Bankruptcy Specialist II, you will be responsible for managing various aspects of the bankruptcy process, working with a high degree of autonomy and expertise. You will be expected to leverage your comprehensive understanding of the legal and financial procedures involved to ensure accuracy and adherence to all applicable regulations. You will also mentor and guide junior staff.

Responsibilities

• Bankruptcy Case Management: Manage bankruptcy cases, which includes reviewing loan documentation, tracking critical deadlines, monitoring payments and ensuring compliance with company policies, investor guidelines, and Federal Bankruptcy rules. This role involves handling more complex cases and resolving escalated issues.
• Document Preparation: Oversee the preparation and execution of essential legal documents, such as proof of claims and motions for relief, ensuring accuracy and compliance with all legal and regulatory requirements.
• Stakeholder Communication: Communicate and collaborate with external parties, including attorneys, property preservation vendors, and other service providers. This role requires a high level of professional communication and negotiation skills.
• Compliance and Accuracy: Ensure that all bankruptcy actions are accurate, timely, and compliant with federal, state, and investor requirements. Serve as a resource for ensuring adherence to best practices and regulatory changes.
• Financial Calculations: Manage the calculation of financial figures, such as proof of claim figures and affidavits in support of motions.
• Process Management: Identify opportunities for process improvements and contribute to the development of departmental policies and procedures.
• Mentorship and Guidance: Provide guidance and mentorship to Entry-Level Bankruptcy Specialists, supporting their professional development and ensuring team efficiency.
• Special Projects: Participate in and/or lead special projects related to bankruptcy processes, compliance, or system enhancements.

Requirements

• High school diploma or equivalent; Bachelor's degree preferred.
• Minimum of one year of experience as a Bankruptcy Specialist or two years in a related field.
• In-depth knowledge of federal, state, and investor requirements related to bankruptcy.
• Proven ability to manage complex bankruptcy cases and resolve escalated issues.
• Excellent written and verbal communication skills, with the ability to interact effectively with internal and external stakeholders.
• Strong analytical and problem‑solving skills; exceptional attention to detail and a commitment to accuracy.
• Proficiency in relevant software and systems, including Microsoft Office Suite and Google applications.
• Ability to work independently and as part of a team; strong leadership skills and a willingness to mentor junior staff.

Benefits

• Comprehensive Medical, Dental, and Vision.
• Paid Time Off Programs including vacation, holidays, illness, and parental leave.
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations).
• Retirement benefits, life insurance, 401k match, and tuition reimbursement.
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships.
• Competitive salary with potential bonus opportunities.

Pay

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location/market data, and skills and experience. Salary range: $40,000 – $60,000. Some roles may be eligible for performance‑based compensation and/or stock‑based incentives awarded based on company and individual performance.

Schedule

Work Model: OFFICE