Full-Time

Loss Drafts Specialist

Posted on 9/24/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Entry, Junior

Richmond, VA, USA + 1 more

More locations: Greenville, SC, USA

Category
Insurance
Finance & Banking
Requirements
  • College degree or comparable education and experience
  • One to two years of mortgage, banking, banking operations, or comparable education
  • Proficiency with Microsoft Office suite of products to include Word and Excel
  • Two or more years of retail banking, banking operations, or experience in a law firm or corporate setting (preferred)
  • Strong research and investigation skills (preferred)
  • Proficiency with banking software, deposit account systems, or mortgage servicing systems (preferred)
  • Excellent written and oral communication skills (preferred)
  • Ability to prioritize a significant volume of work with simultaneous deadlines (preferred)
  • Strong organizational skills and attention to detail (preferred)
  • Ability to work effectively in teams and independently and make effective decisions consistent with role and responsibilities (preferred)
Responsibilities
  • Complete data entry and validation at time of notification of impact to the mortgaged property
  • Issue accurate and timely client notifications regarding draw schedule, repair guidelines and next steps
  • Update internal system of record to capture document issuance and retention standards
  • Stay current on investor guidelines as it pertains to the issuance of funds and the repair process
  • Identify and communicate adverse issues, trends or inefficiencies to management and other lines of business along with proposed solutions; contribute to agreed upon resolutions
  • Build and maintain relationships with internal and external business partners, managing expectations and accountability
  • All other duties as assigned.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service, aiming to reduce overhead costs for RIAs. The company's goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

43%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth potential.
  • Partnerships with Orion and Kwanti enhance platform capabilities and market reach.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from Betterment and Wealthfront could erode Altruist's market share.
  • Rapid tech advancements may strain Altruist's resources if not managed well.
  • Integration with third-party providers may lead to data security vulnerabilities.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and automated rebalancing.
  • Altruist provides original content, offering actionable insights for independent financial advisors.

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