Job Title: Default Accounting Specialist I

Job Overview:
Contemporary Staffing Solutions is seeking a Default Accounting Specialist I to join our client to support accurate financial processing and reporting within mortgage default servicing operations. This contract role is based in Yardley, PA and operates onsite during standard business hours. The position focuses on managing complex payment applications, reconciling accounts, and ensuring compliance with investor and regulatory guidelines. This individual will play a key role in minimizing financial risk, maintaining data integrity, and supporting operational efficiency across default-related accounting functions.

Compensation:
$22–$24/hour

Work Schedule:
Monday–Friday, 8:30 AM – 5:00 PM

Key Responsibilities of the Default Accounting Specialist I:

• Oversee the application and reconciliation of payments across default servicing transactions, including claims, settlements, and third-party funds, ensuring accuracy and timeliness
• Manage suspense accounts by monitoring balances, resolving discrepancies, and maintaining compliance with investor and insurer requirements to reduce risk exposure
• Process vendor-related financial activities, including invoice payments, incentive fee distributions, and bill-back transactions
• Prepare and maintain financial reports, dashboards, and audit documentation to support internal tracking, management review, and regulatory compliance
• Collaborate cross-functionally with servicing teams, external partners, and legal entities to address account issues and support resolution efforts
• Conduct quality checks and audits on loan servicing and accounting activities, escalating concerns and identifying trends for process improvement
• Support special projects and departmental initiatives while consistently meeting performance standards for accuracy, productivity, and turnaround times

Qualifications and Skills for the Default Accounting Specialist I:

• 1–3 years of experience in mortgage servicing, financial services, or a related accounting function
• A degree in finance, accounting, or a related field is preferred; equivalent professional experience will also be considered
• Strong numerical aptitude with the ability to analyze financial data and resolve discrepancies effectively
• Familiarity with default servicing processes and regulatory guidelines (FHA, VA, FNMA, FHLMC) is a plus
• Excellent organizational and time management skills with the ability to handle multiple priorities and meet deadlines
• Effective communication skills, both written and verbal, with the ability to interact professionally with internal teams and external stakeholders
• Experience working independently and adapting to new systems or industry-specific software tools; exposure to platforms such as Alltel or Fidelity is advantageous

Why Join Us?
This is an excellent opportunity to gain hands-on experience within a specialized area of mortgage servicing while working with a collaborative and supportive team. You’ll have the chance to build your expertise in financial operations, compliance, and risk management in a dynamic environment that values accuracy and continuous improvement.

About Us:
Contemporary Staffing Solutions (CSS) is a trusted leader in providing contract, temporary, temp-to-hire, and direct hire staffing solutions. With decades of experience, we’ve grown from a staffing agency to a nationwide provider of workforce management solutions. Our niche recruitment expertise spans Accounting & Finance, Call Center & Office Support, Human Resources, Sales & Marketing, and Information Technology. Explore more about CSS and how we connect great talent with exceptional opportunities by visiting www.ContemporaryStaffing.com.