Senior Bankruptcy Specialist

PENNYMAC

Pennymac is(NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

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 Senior Bankruptcy Specialist, you will be an authority on bankruptcy processes, expertly navigating and resolving the most intricate and high-stakes cases. In this role, you will lead by example in executing complex tasks, contribute to establishing best practices, and serve as a vital resource for both your peers and departmental leadership on matters related to bankruptcy, risk, and compliance. Your expertise as a Senior Bankruptcy Specialist will be instrumental in optimizing our daily operations and safeguarding our assets.

The Senior Bankruptcy Specialist will

Advanced Case Management: Expertly manage a portfolio of the organization's most complex and sensitive bankruptcy cases, including those in partnership with litigation, and high financial exposure

Apply innovative, data-driven approaches to optimize case outcomes and minimize losses

Process Excellence & Contribution: Actively contribute to the development and refinement of bankruptcy policies, procedures, and workflows. Identify and propose process improvements and efficiency initiatives that enhance operational scalability and reduce risk

Strategic Stakeholder Engagement: Cultivate and manage effective relationships with external partners, including legal counsel and key vendors. Represent the organization in high-level discussions and negotiations, leveraging your expertise to achieve favorable resolutions

In-Depth Compliance & Risk Mitigation: Serve as a subject matter expert on federal, state, and investor compliance requirements. Proactively identify and analyze emerging risks within your portfolio, developing and implementing robust mitigation strategies. Assist in preparing for internal and external audits related to bankruptcy operations

Management Reporting: Serve as support to management oversight and reporting of complex matters and insightful data, providing recommendations to leadership to maximize efficiency and workqueue performance

Mentorship & Skill Development: Directly mentor and guide Bankruptcy Specialists at all levels (I, II, and III), fostering a culture of continuous learning and high performance. Share your expertise to help colleagues enhance their skills and navigate complex cases

Key Project Participation: Play a leading role in strategic projects and initiatives that span legal, operations, finance, and technology teams, aimed at enhancing bankruptcy management, system capabilities, and regulatory adherence

Industry Knowledge Application: Stay abreast of evolving industry trends, regulatory changes, and best practices. Apply this knowledge to your daily work and contribute insights to the team

What You’ll Bring

Bachelor's degree in Business, Finance, Real Estate, Law, or a related field or relevant professional certifications (e.g., in Mortgage Banking, Real Estate Law) highly preferred

A minimum of 5 -7 years of progressive experience as a Bankruptcy Specialist or in a directly related senior default servicing role, with a demonstrated history of successfully managing complex, high-impact cases

Exceptional and unparalleled expertise in federal, state, and investor bankruptcy rules, regulations, and legal procedures, including an in-depth understanding of judicial and non-judicial processes across multiple jurisdictions

Proven track record of success in expertly managing complex, high-value bankruptcy cases, with a clear ability to resolve challenges and achieve superior outcomes

Strong written and verbal communication skills, capable of clearly articulating concepts to diverse audiences, including senior leadership, legal counsel, and external partners

Proficient analytical, critical thinking, and strategic problem-solving abilities, with a capacity to foresee challenges and develop proactive, innovative solutions

Unwavering attention to detail and an absolute commitment to ensuring the highest levels of accuracy, compliance, and ethical conduct

Demonstrated ability to operate with significant autonomy, lead multiple high-priority initiatives simultaneously, and consistently deliver exceptional results under pressure

Proven experience in mentoring and developing colleagues, fostering a collaborative, results-driven work environment

Why You Should Join

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do.

Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:

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

We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities.

To learn more about our benefits visit

• https://pennymacnews.page.link/benefits
• For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information
• Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
• Lower in range - Building skills and experience in the role
• Mid-range - Experience and skills align with proficiency in the role
• Higher in range - Experience and skills add value above typical requirements of the role
• Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.

Salary

$50,000 - $75,000

Work Model

OFFICE