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Director, Reverse Mortgage Finance

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Job ID: 1001749
Company: Ocwen US

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Job Description


The Director, Reverse Mortgage Finance has ultimate responsibility to provide Reverse Originations revenue & product cost analysis and tracking, planning, strategic and operational support to senior management with a focus on driving business growth, profitability and operational efficiency. This position will report to the SVP, Mortgage CFO, manage a matrixed team, and work cross functionally across the organization to identify and realize opportunities to improve growth and profitability.

JOB FUNCTIONS AND RESPONSIBILITIES:

  • Develop driver-based revenue & cost framework by channel and identify critical product drivers for Retail, Correspondent, and wholesale, supporting the individual channel leaders in optimizing performance
  • Develop Business Reporting P&L's, make recommendations to grow revenue and reduce cost with data and analytics;
  • Develop ability to tie-out Loan Origination, Hedging and P&L data and provide monthly attribution analysis to explain pricing to P&L variances
  • Work with Reverse Originations leadership team to develop and produce accurate key product productivity measures and metrics
  • Collaborate with pricing to drive strategic margin management inclusive of quantifying margin changes elasticity factoring for operational expenses; co-lead the pricing meetings to drive margin recommendations inclusive of operating expenses
  • Benchmark cost structure against market - quantify and track individual channel performance vs. peers & benchmark. Build & maintain robust retail lead capture framework & analytics
  • Monitor actual performance to budget and provide early feedback on risks and opportunities; determining strategic alignment of individual channel performance factoring for shifting market opportunities & capital availability
  • Improve management reporting, develop individual channel revenue & cost KPIs by function and lead internal business reviews with channel leaders & operations
  • Partner with Originations leadership to provide board & public investors with overview of business performance & capability
  • Manage matrixed team which includes FP&A, operations, capital markets, and accounting

QUALIFICATIONS:

  • Bachelor's degree in Accounting, Finance
  • MBA/MA with strong working knowledge of management & Financial accounting
  • Minimum 10 years of relevant progressive experience in finance with increasing levels of experience
  • Minimum of 8 years Reverse mortgage originations experience required with increasing levels of responsibility
  • Minimum 8 years of supervisory experience
  • Experience developing driver-based revenue & cost framework
  • Ability to partner with all levels of management to ensure effective implementation of time-sensitive initiatives and identify deficiencies and opportunities for improvement
  • Must have a demonstrated and proven ability to multi-task and meet deadlines in a fast-paced deadline-driven and constantly changing environment
  • A successful track record of developing strong relationships across a broad range of leadership functions allowing the person to effectively influence and effect change to drive and improve business performance.
  • Ability to independently analyze, lead, and present complex financial information concisely, with clarity and with very limited guidance
  • Ability to work with and lead teams, especially across locations and time zones, in execution of projects and identification/ resolution of deficiencies or opportunities for improvement
  • Excellent written, oral communication and presentation skills.
  • Proficient in all Microsoft Applications with an emphasis on Excel and Access.
  • Project management skills including the ability to organize and manage multiple projects.
  • Demonstrated strategic thinking
  • Takes ownership and assumes responsibility
  • Execution mindset

Leadership Attributes

  • Integrity - always do the right thing
  • Judgement - effectively deal with the gray
  • Transparency - open and honest communication; early escalation; no hidden agendas
  • Respect - treat others with dignity and be respectful
  • Resiliency - tolerate dynamic conditions without undue frustration
  • Pragmatic - stay calm, act with focus and purpose, even when facing challenge and uncertainty
  • Passion - demonstrate positive excitement and conviction for what you do and needs to get done
  • Ownership - take responsibility for everything in your organization even when it's not your fault
  • Self-Motivation - personal drive to achieve, commitment to personal / organizational goals, initiative to act on opportunities and challenges, and optimism in the face of set-backs
  • Hunger - willing to throw head, heart and hands into a job
  • Humility - don't have to be the smartest person in the room, give credit to others, willing to do any job to help the organization or team succeed
  • Desire to Win - super competitive, yet understand that the competition is outside the building
  • Empathy - the ability to discern what someone else is thinking or feeling and then responding in some appropriate way
  • Independent Thinker -analytical, the ability to make sense of things based on one's experiences and observations; not flustered by criticism or challenge and willing to stand for convictions
  • Intellectual Curiosity - passion for continuous learning and understanding "why"

Company Summary

Ocwen is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity & Inclusion ensures that we are an organization that creates, promotes and sustains an inclusive work environment in which diversity, inclusiveness and respect are integral parts of our culture and work environment. Building the reputation as an outstanding place to work, a great business partner and a valued community member is our everyday endeavor.

Ocwen's mission is to delight our customers through caring service and innovative lending solutions. We proudly serve over 1.3 million families with their mortgage needs by helping to find real solutions that benefit our customers and help to build stronger communities. Helping Homeowners is What We Do!®

Consider an opportunity to join our global team and put "Caring in Action" while growing your career.

Disclaimer:

This position is not eligible to be performed in the state of Colorado.

About Us


Company: Ocwen US

Ocwen is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity & Inclusion ensures that we are an organization that creates, promotes and sustains an inclusive work environment in which diversity, inclusiveness and respect are integral parts of our culture and work environment. Building the reputation as an outstanding place to work, a great business partner and a valued community member is our everyday endeavor.

Ocwen's mission is to delight our customers through caring service and innovative lending solutions. We proudly serve over 1.3 million families with their mortgage needs by helping to find real solutions that benefit our customers and help to build stronger communities. Helping Homeowners is What We Do!®

Consider an opportunity to join our global team and put "Caring in Action" while growing your career.

Ocwen and its subsidiaries are proud to be equal opportunity workplaces. 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.

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