Senior Manager, Commercial SBC at Onity
United States
$120k - $145k
<p><span style="font-family: Arial, sans-serif;">The Senior Manager, Commercial Servicing will report to the Director of Commercial Servicing Operations and will oversee a team of Asset Managers and Portfolio Managers overseeing Commercial Real Estate (“CRE”) loans.<span> </span>This team will include 1-3 direct reports and 10 – 20 indirect reports.<span> </span>The Senior Manager will be responsible for hiring, training, and evaluating existing team members.<span> </span>Additionally, the Senior Manager will manage highly escalated items for both Investors and Borrowers and is expected to fully understand day-to-day CRE servicing responsibilities as well as multiple product types of CRE loans, including CBMS, debt fund, and SFR loans.<span> </span>Senior Manager will act as the primary point of contact for other business units at Onity for inter-company projects, system enhancements, and other items as they arise.<span> </span>The Senior Manager will monitor reports and team performance to proactively identify portfolio risks, employee training opportunities, and to work with investor clients to ensure all reporting and asset management needs are being met. The Senior Manager will need to be comfortable working in multiple servicing systems and managing teams across platforms.<span> </span>Individuals in this role are required to adhere to investor servicing guidelines, internal policies, and procedures.</span></p><p><span style="font-family: Arial, sans-serif;"><strong><u>Job Responsibilities and Requirements</u> </strong></span></p><ul style="list-style-type: disc;"><li><p><span style="font-family: Arial, sans-serif;"><u>Customer Service</u>:</span></p><ul style="list-style-type: circle;"><li><span style="font-family: Arial, sans-serif;">Work closely to resolve escalated items with external clients while providing exceptional service.</span></li><li><span style="font-family: Arial, sans-serif;">Monitor client reporting to ensure timing compliance with contracts and accuracy of reporting data.</span></li><li><span style="font-family: Arial, sans-serif;">Monitor internal reporting to ensure team performance in meeting client and contract expectations.</span></li></ul><p> </p></li><li><span style="font-family: Arial, sans-serif;"><u>Team Building</u>:</span><ul style="list-style-type: circle;"><li><span style="font-family: Arial, sans-serif;">Monitor staffing levels with upper management and create job requisitions as appropriate.</span></li><li><span style="font-family: Arial, sans-serif;">Ensure adequate training is provided to all new employees</span></li><li><span style="font-family: Arial, sans-serif;">Lead team building sessions</span></li><li><span style="font-family: Arial, sans-serif;">Communicate team issues to Director</span></li><li><span style="font-family: Arial, sans-serif;">Ongoing meetings with reports to ensure engagement, issue resolution, and training adequacy</span></li><li><span style="font-family: Arial, sans-serif;">Proven ability to work with teams both onshore and offshore</span><br> </li></ul></li><li><p><span style="font-family: Arial, sans-serif;"><u>Contract Management</u>:</span></p><ul style="list-style-type: circle;"><li><span style="font-family: Arial, sans-serif;">Work with upper management to review contract terms prior to execution</span></li><li><span style="font-family: Arial, sans-serif;">Ensure compliance with all contract terms by both the Servicing Team and other business units within Onity</span></li><li><span style="font-family: Arial, sans-serif;">Work with other business units to provide training and support as necessary in order to ensure contract compliance</span></li><li><span style="font-family: Arial, sans-serif;">Review reporting to ensure accurate calculations on client reporting to ensure contract compliance</span></li><li><span style="font-family: Arial, sans-serif;">Ability to read, interpret, and teach PSA, TSA, SSA, and Servicing Agreements</span></li><li><span style="font-family: Arial, sans-serif;">Understanding of CREFC CMBS reporting requirements</span></li></ul><p> </p></li><li><p><span style="font-family: Arial, sans-serif;"><u>System Management</u>:</span></p><ul style="list-style-type: circle;"><li><span style="font-family: Arial, sans-serif;">Comfortability working within multiple servicing systems</span></li><li><span style="font-family: Arial, sans-serif;">Understanding of underlying table structure to servicing systems</span></li><li><span style="font-family: Arial, sans-serif;">Ability to effectively communicate reporting needs to other departments in order to enable them to build out various reports to fit client and Onity needs.</span></li><li><span style="font-family: Arial, sans-serif;">Complete understanding of system and bank accounting structures and cash flow</span></li><li><span style="font-family: Arial, sans-serif;">Demonstrated ability to train reports and other business units on intricacies of servicing sytem</span></li></ul><p> </p></li><li><span style="font-family: Arial, sans-serif;"><u>Other Responsibilities and Requirements</u>:</span><ul style="list-style-type: circle;"><li><span style="font-family: Arial, sans-serif;">Adapt quickly to various requests from multiple sources</span></li><li><span style="font-family: Arial, sans-serif;">Prioritize multiple, simultaneous incoming requests, all seen as urgent priority</span></li><li><span style="font-family: Arial, sans-serif;">Work with internal business units to develop reports for investors as required</span></li><li><span style="font-family: Arial, sans-serif;">Coordinate with internal departments for servicing functions as required.</span></li><li><span style="font-family: Arial, sans-serif;">Proactively review and update internal policies and procedures as required</span></li><li><span style="font-family: Arial, sans-serif;">Assist with audit and rating agency requests and presentations</span></li><li><span style="font-family: Arial, sans-serif;">Lead team trainings</span></li><li><span style="font-family: Arial, sans-serif;">Prepare presentation for investors, management, and internal business units</span></li><li><span style="font-family: Arial, sans-serif;">Other duties as assigned.</span></li></ul></li></ul><p> </p><p><span style="font-family: Arial, sans-serif;"><strong><u>Qualifications</u></strong></span></p><ul style="list-style-type: disc;"><li><span style="font-family: Arial, sans-serif;">Demonstrates positive attitude, adds to a positive team morale, and is eager to take on and learn new things</span></li><li><span style="font-family: Arial, sans-serif;">Four year degree from an accredited University preferred or equivalent work experience</span></li><li><span style="font-family: Arial, sans-serif;">Minimum of 12 years of CRE loan servicing experience required, 1 – 2 years in a leadership position required, 4 – 5 years in a leadership position preferred.</span></li><li><span style="font-family: Arial, sans-serif;">Full understanding of the full CRE loan life cycle from onboarding through Mortgage Satisfaction.</span></li><li><span style="font-family: Arial, sans-serif;">Prior experience with CMBS, RMBS, SFR Portfolio loans, and/or CREFC reporting requirements</span></li><li><span style="font-family: Arial, sans-serif;">High attention to detail</span></li><li><span style="font-family: Arial, sans-serif;">Strong proficiency in Word, Excel, Outlook, CoPilot, and other information processing programs </span></li><li><span style="font-family: Arial, sans-serif;">Self-motivated and works independently </span></li><li><span style="font-family: Arial, sans-serif;">Ability to perform complex calculations using calculators and systems is required </span></li><li><span style="font-family: Arial, sans-serif;">Ability to reason and exercise sound judgment </span></li><li><span style="font-family: Arial, sans-serif;">Ability to handle sensitive and confidential information appropriately </span></li><li class="ortl-align-justify"><p style="text-align: justify;"><span style="font-family: Arial, sans-serif;">Outstanding communications skills (including verbal, written and listening skills), with an emphasis on strong customer service, professional relationship building skills, conflict resolution, and having difficult conversations</span></p></li><li class="ortl-align-justify"><p style="text-align: justify;"><span style="font-family: Arial, sans-serif;">Previous experience with REALSynergy or MSP servicing systems is considered a plus</span></p></li></ul><p> </p><p><span style="font-family: Arial, sans-serif;"><strong>Training / Licensing Requirements: </strong></span></p><ul style="list-style-type: disc;"><li><span style="font-family: Arial, sans-serif;">Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.</span></li></ul><p style="margin-left: 0.25in;"> </p><p style="margin-left: 0.25in;"><span style="font-family: Arial, sans-serif;"><span style="font-size: 8pt;">The salary range for this position is expected to be $120,000 to $145,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate. This position is also eligible for annual bonus of 20% based on performance and subject to the terms of the Company’s applicable plans.</span></span></p> <br><p>Onity Group Inc. is a leading non-bank financial services company providing mortgage servicing and originations solutions through its subsidiary, Onity Mortgage, formerly known as PHH Mortgage. Onity Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs to customers, clients and investors.</p> <p><br></p> <p>At Onity, we strive to earn our customers’ loyalty every day. We do this by consistently delivering exceptional service and building trust through reliability, integrity, and following through on our commitments. We operate through the lens of the customer, understand the importance of homeownership, and take pride in helping homeowners. Collectively this fosters long-term relationships, ensuring our customers feel valued and supported. We expect all employees to interact with and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our service delivery standards.</p> <p><br></p> <p>Onity is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to inclusion and equal opportunity ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.</p> <p><br></p> <p>Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions; generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness; and more. Visit jobs.onitygroup.com for details.</p> <p><br></p>
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