Loss Analyst Job Description

Loss Analyst Job Description

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Loss analyst provides in-line quality reviews of Loss Mitigation underwriting reviews to ensure accuracy to applicable investor guidelines, regulatory and legal requirements, and Default Servicing standards.

Loss Analyst Duties & Responsibilities

To write an effective loss analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included loss analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Develop macro-economic forecasting models for risk and income including forecasting methodologies including stress testing
Reviewing internal models and methodologies
Develop quantitative models to help management better understand/manage risk
Perform quantitative analysis of large-scale data sets to extract key insights including developing presentations of findings
Contributing to model documentation and reporting on model framework and development progress to regulators, auditors, and key businesses partners
Reviewing and analyzing daily capital change events impacting clients on Gain Loss Platform
Processing events on a security level based on U.S. tax opinion
Track/record daily corporate actions in events database
Be available to assist answering escalated inquiries on capital events, not limited to manually calculating cost basis as necessary
Participate in monthly statement review process

Loss Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Loss Analyst

List any licenses or certifications required by the position: CISSP, CISA, CISM, CFI, CGEIT, CCRISC, CIA, CEH, GIAC, SANS

Education for Loss Analyst

Typically a job would require a certain level of education.

Employers hiring for the loss analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Finance, Business, Education, Economics, Statistics, Computer Science, Accounting, Mathematics, Associates, Engineering

Skills for Loss Analyst

Desired skills for loss analyst include:

Bank debts and private equity
OTC derivatives
Expertise with Flagstar’s servicing system
Familiarity with the default servicing process
Investor/insurer claim filing and curtailment guidelines
LoanSphere Invoice Management and MSP Escrow and Corporate Advance Workstations
Skip tracing techniques
Understanding of Flagstar’s contracts with MSR owners and default servicing vendors
Information Security best-practices
Methodologies

Desired experience for loss analyst includes:

Escalate Financial Advisor concerns and suggestions to management
Recognize and submit system related issues and suggestions for improvement
Seek out areas for process and efficiency improvement
Various administrative duties and special projects as delegated by your Manager
2+ years consumer or mortgage banking
Daily management/monitoring of T+0 and T+1 Profit and Loss Reporting process

Loss Analyst Examples

1

Loss Analyst Job Description

Job Description Example
Our company is looking to fill the role of loss analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for loss analyst
  • Improving processes, models and systems to advance the analyses and risk management of the Valuation process
  • Developing and enhancing Valuation Policies
  • Improving controls and documentation on level 3 assets
  • Managing 3rd party Valuation Agent relationships
  • Preparing monthly Valuation Committee packet
  • Deep analysis of level 3 assets
  • Price testing and variance review
  • Quantifying and documenting valuation discrepancies outside of tolerances
  • Overseeing Administrator Valuation process
  • Interacting with Operations, Accounting, Traders, Risk and Senior Management regarding the policies and valuation of portfolio assets to resolve internal and external inquiries
Qualifications for loss analyst
  • Working knowledge of SAS or similar (Sequel Project or other database management system)
  • Assist in the production of monthly and quarterly delinquency forecasts for the mortgage and home equity portfolios
  • Assist in the generation of periodic monitoring reports on model tracking and portfolio performance
  • Participate in the production model documentation
  • Support controls and governance initiatives
  • Support monthly and quarterly analysis of consolidated CM results
2

Loss Analyst Job Description

Job Description Example
Our growing company is looking to fill the role of loss analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for loss analyst
  • Assist with daily/monthly/quarterly profit and loss reporting and analysis for Capital Markets & Treasury Services
  • Assist with the user acceptance testing for new IT development work on the Daily Financial Control system
  • Build communications and presentations for existing and new initiatives
  • Conduct market research, competitive analysis and benchmarking for current and new
  • Review, verify, and ensure accuracy of daily P&L reports
  • Detailed P&L calculations by instrument, strategy and account
  • Daily NAV generations and ROR calculations
  • Ensure real-time accuracy of displayed portfolio valuations
  • Prepare monthly fee invoices and maintain accurate records
  • Research and resolve profit and loss discrepancies between Front Office and Finance
Qualifications for loss analyst
  • 3+ years accounting experience or experience analyzing financial data
  • Ability to work with technology team to automate reporting functionality
  • Understanding of fund accounting a plus
  • Explain the attributes of the daily profit and loss based on underlying risk components
  • Act as a liaison between Finance and Front Office to analyze the accuracy of trade / position valuations
  • Perform daily due diligence for new trades and explain any difference between estimates vs
3

Loss Analyst Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of loss analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for loss analyst
  • Perform Daily Off Market Rate Checking
  • Produce Daily risk monitoring reports for Front Office and Senior Management
  • Prepare and assist in tie-out to General Ledger
  • Prepare and analyze profit and loss reports for the Equities trading desk
  • Perform monthly P&L posting and accounting entries to the G/L and conduct regular reconciliations to ensure figures are properly tied back to the systems of records
  • Perform P&L decomposition by using source system data and produce comparisons to reported P&L by measuring the impact of new deals, amendments, cancellations changes in curves, rates, prices where applicable
  • Provide P&L Analysis – commentary and breakdown for large movements in P&L
  • Communication of Weekly, MTD and YTD results, compare P&L Estimate vs
  • Ensure that the valuation of products is accurate, the methodology documented, and the booking thereof is correct in the general ledger
  • Apply advanced quantitative, spreadsheet modelling and database management skills (Excel, Access, Datameer) to develop an enhanced process for P&L estimation and decomposition using data from source system
Qualifications for loss analyst
  • Accounting, Finance, Economics, or Engineering Degree
  • Work closely with all members of the Product Control team, providing guidance and cross training
  • Provide assistance to other reporting groups in fulfilling their reporting, disclosure and filing requirements, by filling out relevant templates and providing adequate back up
  • Work to develop and streamline available database and source data into robust processes and reporting
  • Use big data tools to analyze, quantify and reconcile source data
  • Research and resolve profit & loss (P&L) discrepancies between Front Office and Finance
4

Loss Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of loss analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for loss analyst
  • Review income, expenses and available product options
  • Provide workout alternatives while reviewing bank, investor and regulatory guidelines to ensure the account is serviced according to policy
  • Work with internal business partners as needed to gather information and clarify inconsistent, incorrect or missing information
  • Monitor assigned work queues and work flows to ensure goals are met
  • Relevant information includes, goals, objectives, performance and day-to-day feedback
  • Provides systems, administrative, and operational support in assisting with the development and implementation of new or existing products, processes and accounts
  • Assists in the development, documentation, and implementation of new systems and procedures in various departments and instructs personnel regarding them
  • Depending on area may review organization functions and structure to avoid overlapping or duplication
  • Coordinates projects with all parties to complete by assigned due date
  • Ensures that deadlines are met
Qualifications for loss analyst
  • Responsibilities include loss forecasting for the portfolio and new vintages
  • BA/BS Degree in Business Administration, Computer Science, Economics, Math, Statistics, or other related field
  • Working knowledge of Corporate Policies, Standards relating to Credit risk preferred
  • Receives and investigates all complaints concerning client issues
  • Set up and document procedures and trouble shoot system problems
  • Handles relatively diverse assignments, which are essential to the overall success of the business relationships
5

Loss Analyst Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of loss analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for loss analyst
  • Provides support to customers
  • Maintains quality by performing post-implementation quality audits to ensure integrity, adhering to customer service standards and analyzing and providing overall support to internal and external customers
  • Verifies results by developing and executing tests for moderate sized projects
  • Review and research daily reports to identify suspicious/fraudulent activity across all delivery channels
  • Manage data loss prevention incidents to the point of remediation and clearly communicate remediation activities and status to colleagues
  • Create, modify and review reports and dashboards from reporting tools
  • Help maintain/troubleshoot issues with the data loss prevention security infrastructure
  • Make recommendations to strengthen the security of the computing environment process and technology improvements to ensure timely response to future data loss prevention security incidents
  • Analyse, escalate and assist in remediation of critical information security incidents related to data loss prevention
  • Daily data monitoring checks to ensure only authorised data movements take place and taking appropriate action when this is not the case
Qualifications for loss analyst
  • 5+ years of professional training experience in the function or similar activity outside the organization
  • Experience in insurance, mortgage, banking or call center environment
  • Must be PC literate and have a basic knowledge working in a Windows environment
  • PC Testing Required
  • Business Letter Writing Test required
  • Working knowledge of Operational systems Trackall, MortgageServ, Fidelity (Alltell), Quest, LSAMS I/II

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