Altisource - Practice Manager

About Altisource :

Altisource provides services to some of the most respected organizations in their industries, including one of the nation's largest sub-prime servicers, government agencies and many lenders, servicers, investors, mortgage bankers, credit unions, financial services and hedge funds companies across the country.

Altisource improves the performance and profitability of its clients by leveraging a global workforce, integrated technologies and decision models.

Altisource has three primary business segments including:

Mortgage Services :

- Default Management: A full range of solutions to manage defaulted loans from valuation and back-office administrative support to processing short sale and deed-in-lieu transactions.

- REO Asset Management: End-to-end real estate management solutions available through a single vendor platform that maximize net proceeds and reduce REO sales timelines.

- REO Sales: A national real estate brokerage featuring a combination of traditional and online bidding sales strategies to provide maximum exposure to properties.

- Settlement Services: Closing, escrow and title insurance solutions to efficiently close REO, new home purchases and home refinance transactions.

- Origination: Custom solutions from appraisals to fulfillment to meet each client's unique needs and fluctuating volume requirements.

Financial Services :

- Nationwide Credit, Inc: One of the largest asset recovery and customer relationship management agencies in the country providing contingency collections, legal management, customer relationship management and charge-off mortgage collections.

Technology Services :

- A full suite of enterprise technologies to enable vendor and order management, commercial and residential real estate servicing, homeowner retention, document management, invoice presentment and payment and more.

What does it mean to work for Altisource :

At Altisource, we strive to create an environment that

- provides the best and brightest people as colleagues in an extremely positive, high energy and collaborative environment

- encourages meritocracy and provides career opportunities within the organization

- rewards high performance, provides a challenging career path to meet individual aspirations

- provides learning opportunities through focused developmental programs

Responsibilities :

- Liaise with internal teams and model future non-performing loan portfolio acquisitions

- Determine cash and tax impact of non-performing loan portfolio acquisitions

- Provide analytical support for follow-on equity offerings; Liaise with bankers as required

- Review credit agreements and propose appropriate tolerance level for covenants; Proactively monitor covenants for compliance

- Monthly reporting to and reconciliation with bankers on repo lines

- Develop and track budget and corporate scorecard

- Competitive Intelligence: Track key and relevant metrics for competitors on a regular basis

- Support other ad-hoc analysis requests

Required Skills :

- MBA from a premier management institute only, majoring in Finance

- Excellent academic track record

- Excellent analytical, excel and presentation skills

- Ability to work with people across cultures, time zones and geographies

- Proactive and willing to learn and work at grass-root level

- One to Two year of work-ex post MBA

- One to two years of work-ex prior to MBA preferred, but not mandatory