VP, Title & Settlement Ops

Location
RESTON , Virginia
Posted
Jan 26, 2017
Closes
May 02, 2017
Ref
4303
Function
Accountant
Hours
Full Time
Summary

PenFed is hiring Vice President of Title and Settlement Operations for our PenFed Title Reston, Virginia office. The primary purpose of this job is to oversee all functions for title insurance settlement/escrow branch(es), general office management, employee management, production management for both title and escrow departments, process development and management, business development, vendor management, financial management (profit and loss responsibility, budgeting), risk management, and license and regulation management. The Vice President will perform preceding management functions while simultaneously supplementing branch and/or operations managers in daily transaction management as necessary.

 

 

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.

 

    Responsible for day-to-day functions of full service branch(es); area of responsibility may include multiple jurisdictions. Oversee all aspects of office, including property management, IT/phone systems support, supplies ordering and maintenance. Hire, train and manage all employees; conduct reviews; perform  and manage employee terminations as necessary. Create and maintain standards for employee production by position; create performance metrics; evaluate production’s needs. Develop, institute and maintain production and business processes. Develop non-PenFed business to supplement core business by networking, performing training seminars, cold-calling and recruiting, hiring and leading employees who can do the same. Provide excellent service resulting in optimal core business (BHHS/PFR and PenFed mortgage) capture rates and membership satisfaction. Develop, manage and evaluate all vendor relationships, including software provider, title abstracting, notary companies, recording companies, and title underwriters. Manage local resources and coordinate with PenFed finance to understand business costs and manage costs effectively; report finances regularly to upper management; manage escrow-related accounts payable processes such as title commission remittances, recording fee payments, and payments to operating account from escrow account. Analyze risks to business and business data; create plans to minimize/eliminate risks; create emergency procedures; identify areas in need redundancy/backup and create contingency plans. Oversee all audits (e.g. state and underwriter);  ensure compliance in all areas of title and escrow locally, state-wide, and on federal level.
 

Education and Experience

Equivalent combination of education and experience is considered.

 

    Bachelor’s Degree in business, law, or related field required. Law Degree or Master’s Degree is preferred. Minimum of ten (10) years’ of experience with Title or Escrow is required. Minimum of three (3) years’ of experience of business management is required. Ability to slot in to any production position as needed to conduct business. Intricate knowledge of settlement statement and processing . Strong knowledge of post-closing files for transactions in assigned locations. Strong knowledge of Microsoft Outlook, Word and Excel applications and settlement software.
 

 

 

Supervisory Responsibility

 

This position will directly supervise personnel in assigned title and settlement branches.

 

 

Licenses and Certifications

 

There are no additional licenses or certifications required for this position.

 

 

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

 

Travel

 

Local travel to various worksites is required.

 

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is required to meet the following physical demands:

Physical Demand

None

Seldom

Occasionally

Frequently

Reading

 

 

 

X

Writing

 

 

 

X

Sitting

 

 

 

X

Standing

 

 

X

 

Walking

 

 

X

 

Bending, Stretching or Reaching

 

 

X

 

Driving

 

X

 

 

Talking on the phone, person-to-person & in group

 

 

 

X

Hearing on the phone, person-to-person & in group

 

 

 

X

Vision for near, mid-range, far, peripheral, depth and color

 

 

 

X

Use of computer

 

 

 

X

Use of telephone

 

 

 

X

Use of office equipment

 

 

 

X

Pushing/pulling/lifting/ carrying from 5 to 50 lbs.

 

X

 

 

 

 

About Us

Founded in 1935, and still growing, we began as the War Department Federal Credit Union.  Today, PenFed is one of the country’s strongest and most stable financial institutions with over 1.5 million members and over $21 billion in assets.  We serve members in all 50 states and the District of Columbia, as well as on military bases in Guam, Puerto Rico and Okinawa. 

Our mission isn’t simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, and to encourage. We exist to usher their dreams into the land of reality.

We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.

 

 

PenFed is an Equal Opportunity Employer

PenFed will maintain and observe personnel policies which will prohibit discrimination or harassment against a person because of race, color, creed, age, sex, gender, religion, national origin, ancestry, genetic information, military or veteran status or obligation, the presence of a physical and/or mental disability and all other statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment.  PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.

PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 703-838-1568.