drjobs Bankruptcy Operations Manager

Bankruptcy Operations Manager

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1 Vacancy
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Job Location drjobs

San Mateo, CA - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

About Upstart

Upstart is the leading AI lending marketplace partnering with banks and credit unions to expand access to affordable credit. By leveraging Upstarts AI marketplace Upstartpowered banks and credit unions can have higher approval rates and lower loss rates across races ages and genders while simultaneously delivering the exceptional digitalfirst lending experience their customers demand. More than 80 of borrowers are approved instantly with zero documentation to upload.

Upstart is a digitalfirst company which means that most Upstarters live and work anywhere in the United States. However we also have offices in San Mateo California; Columbus Ohio; and Austin Texas.

Most Upstarters join us because they connect with our mission of enabling access to effortless credit based on true risk. If you are energized by the impact you can make at Upstart wed love to hear from you!

The Team

Upstart is seeking a Bankruptcy Operations Manager who will be responsible for driving the performance of our bankruptcy associates and vendors that provide bankruptcy services. This role is crucial in ensuring that our associates and vendors meet and exceed performance and compliance expectations enabling exceptional business outcomes and delivering a seamless borrower experience. The ideal candidate will have deep experience and knowledge managing bankruptcy processes robust knowledge of bankruptcy laws and regulations be a strong leader with excellent relationship building skills is solutionsoriented and likes to build new and improved processes and workflows. The candidate will be responsible for analyzing and managing associates and vendor performance to maximize recovery while at the same time working with the Senior Operations Manager and other operations leaders to manage all control and compliance initiatives.

Position Location This role is available in the following locations: Remote

Time Zone Requirements This team operates on the East/West Coast time zones.

Travel Requirements As a digital first company the majority of your work can be accomplished remotely. The majority of our employees can live and work anywhere in the U.S but are encouraged to to still spend high quality time inperson collaborating via regular onsites. The inperson sessions cadence varies depending on the team and role; most teams meet once or twice per quarter for 24 consecutive days at a time. There is also a vendor travel requirement that will be managed by the entire Recovery organization.

How youll make an impact:

  • Drive Performance: Manage and monitor the daytoday performance of associates and vendors responsible for bankruptcy and quality control services ensuring they meet or exceed key performance metrics.
  • Enable Business Outcomes: Collaborate with internal stakeholders to align associates and vendor performance with Upstarts strategic objectives ensuring that vendor contributions drive measurable business outcomes.
  • Enhance Borrower Experience: Ensure that vendor partners deliver an effortless borrower experience addressing borrower needs quickly and effectively while maintaining Upstarts commitment to quality. In addition to meeting expectations of trustees and courts in a timely manner.
  • Monitor and Enforce KPIs: Track associate and vendor performance using established KPIs such as productivity quality control and quality assurance bankruptcy payment and collateral recovery rates and compliance with service level agreements (SLAs).
  • Vendor Relationship Management: Build and maintain strong relationships with external vendors to foster open communication partnership and alignment with Upstarts goals.
  • Performance Improvement Initiatives: Collaborate with associates and vendors to identify areas for improvement provide actionable feedback and work together to implement solutions that enhance efficiency and borrower outcomes.
  • CrossFunctional Collaboration: Work closely with internal teams such as Operations product management engineering Legal Risk Management and Lending Partnerships to align associate and vendor performance with Upstarts broader objectives and operational needs.
  • DataDriven Analysis: Utilize data and reporting tools to track performance identify trends and make informed decisions that drive continual improvements in service delivery.

What were looking for:

  • Minimum qualifications:
    • 5 years of experience in bankruptcy management preferably in fintech or financial services.
    • 3 years of people management experience.
    • 3 years of bankruptcy vendor management experience.
    • 3 years of experience managing servicing portfolios owned by others.
    • Strong track record of managing associates and external vendors and holding them accountable to performance metrics.
    • Demonstrated ability to drive business outcomes and improve customer outcomes throughout the lifecycle of bankrupt loan servicing.
    • Excellent communication and negotiation skills with the ability to influence partners and internal stakeholders.
    • Proven analytical skills with the ability to identify KPIs build reporting and monitor performance metrics to make datadriven decisions.
    • Knowledge of compliance and regulatory requirements in bankruptcy and the financial services industry.
    • Ability to thrive in a fastpaced highgrowth environment with a strong sense of urgency.
  • Preferred qualifications:
    • 5 years of people management experience.
    • Experience building bankruptcy procedures performance and control metrics.
    • Experience with secured and unsecured loan products.
    • Skilled in Google Office products Salesforce Reporting and Looker
    • Bachelors degree or higher.

What youll love:

  • Competitive Compensation (base bonus & equity)
  • Comprehensive medical dental and vision coverage with Health Savings Account contributions from Upstart
  • 401(k) with 100 company match up to $4500 and immediate vesting and aftertax savings
  • Employee Stock Purchase Plan (ESPP)
  • Life and disability insurance
  • Generous holiday vacation sick and safety leave
  • Supportive parental family care and military leave programs
  • Annual wellness technology & ergonomic reimbursement programs
  • Social activities including team events and onsites allcompany updates employee resource groups (ERGs) and other interest groups such as book clubs fitness investing and volunteering
  • Catered lunches snacks & drinks when working in offices

#LIREMOTE

#LIAssociate

At Upstart your base pay is one part of your total compensation package. The anticipated base salary for this position is expected to be within the below range. Your actual base pay will depend on your geographic locationwith our digital first philosophy Upstart uses compensation regions that vary depending on location. Individual pay is also determined by jobrelated skills experience and relevant education or training. Your recruiter can share more about the specific salary range for your preferred location during the hiring process.

In addition Upstart provides employees with target bonuses equity compensation and generous benefits packages (including medical dental vision and 401k).

United States Remote Anticipated Base Salary Range
$75900$105000 USD

Upstart is a proud Equal Opportunity Employer. We are dedicated to ensuring that underrepresented classes receive better access to affordable credit and are just as committed to embracing diversity and inclusion in our hiring practices. We celebrate all cultures backgrounds perspectives and experiences and know that we can only become better together.

If you require reasonable accommodation in completing an application interviewing completing any preemployment testing or otherwise participating in the employee selection process please email

Experience:

Manager

Employment Type

Full Time

About Company

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