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Default Management Jobs (NOW HIRING)

Fay Servicing

VP, Default Servicing

Farmers Branch, TX · On-site

$95K - $125K/yr

This position manages the creation, organization and maintenance of Default Servicing processes and frameworks, ensuring compliance with regulatory requirements and industry standards. The role leads ...

Fay Servicing

VP, Default Servicing

Farmers Branch, TX · Hybrid

$95K - $125K/yr

This position manages the creation, organization and maintenance of Default Servicing processes and frameworks, ensuring compliance with regulatory requirements and industry standards. The role leads ...

Crypto.com

Risk Manager, Nadex

Charleston, WV · Remote

Lead the design and implementation of margin models and default management/liquidation strategies for the Clearing House, stepping in during operational issues with clearing members. * Perform ...

Crypto.com

Risk Manager, Nadex

$100K - $200K/yr

Lead the design and implementation of margin models and default management/liquidation strategies for the Clearing House, stepping in during operational issues with clearing members. * Perform ...

Guild

Default Investor Relations Liaison

San Diego, CA · On-site

$71K - $95K/yr

The Default Investor Relations Liaison assists with timelines and workflows to ensure compliance ... Manage communication between corporate management, Business Analyst, Corporate Legal, attorney ...

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How much do default management jobs pay per hour?

As of Jul 7, 2026, the average hourly pay for default management in the United States is $42.89, according to ZipRecruiter salary data. Most workers in this role earn between $28.85 and $53.61 per hour, depending on experience, location, and employer.

What is Default Management?

Default Management refers to the processes and strategies that financial institutions use to handle borrowers who are unable to meet their loan obligations. This includes identifying at-risk accounts, providing solutions like loan modifications or repayment plans, and, if necessary, managing collections or foreclosure. The goal is to minimize losses for the lender while helping borrowers find a way to resolve their debt. Default Management professionals often work in banking, mortgage, or credit sectors. Their work helps maintain the financial health of both the lender and the borrower.

What is the highest paying management job?

The highest paying management roles are often executive positions such as Chief Executive Officer (CEO), Chief Financial Officer (CFO), or Chief Operating Officer (COO), with salaries frequently exceeding several hundred thousand dollars annually. These roles typically require extensive experience, advanced degrees, and strong leadership skills, and they often include performance-based bonuses and stock options.

What are some common challenges faced by professionals in Default Management, and how can they be addressed?

Professionals in Default Management often encounter challenges such as handling high volumes of delinquent accounts, navigating complex regulatory requirements, and balancing empathy with the need for recovery. Successfully addressing these challenges requires strong organizational skills, up-to-date knowledge of industry regulations, and effective communication with borrowers and internal teams. Many organizations provide ongoing training and support to help Default Management specialists stay current and manage workloads efficiently, fostering a collaborative environment that encourages problem-solving and professional growth.

What jobs pay 4000 a week without a degree?

In the field of Default Management, high-paying roles such as mortgage loan officers, real estate brokers, or insurance agents can earn around $4,000 or more weekly without requiring a college degree, often relying on sales skills, licensing, and experience. These jobs typically involve commission-based income and may require industry-specific certifications or licenses. Success depends on performance, client base, and market conditions.

What are examples of management jobs?

Management jobs include roles such as general manager, project manager, operations manager, human resources manager, and department head. These positions typically involve overseeing teams, planning strategies, and ensuring organizational goals are met, often requiring leadership skills and relevant experience.

What is the highest paying job in the mortgage industry?

In the mortgage industry, senior roles such as Mortgage Vice Presidents, Chief Underwriters, or Regional Managers tend to have the highest salaries, often exceeding six figures. These positions require extensive experience, leadership skills, and industry knowledge, and may involve managing teams, strategic planning, and regulatory compliance.

What are the key skills and qualifications needed to thrive in Default Management, and why are they important?

To excel in Default Management, you need a solid understanding of financial principles, loan servicing, and risk assessment, often supported by a degree in finance or a related field. Familiarity with loan management software, credit reporting systems, and compliance regulations such as FDCPA is typically required. Strong negotiation, problem-solving, and communication skills help professionals navigate sensitive borrower interactions and collaborate with internal teams. These competencies ensure effective mitigation of financial losses, regulatory compliance, and the maintenance of positive client relationships.
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Default Management jobs near you
Infographic showing various Default Management job openings in the United States as of July 2026, with employment types broken down into 1% Locum Tenens, 79% Full Time, 14% Part Time, 1% Temporary, 1% Contract, and 4% Summer. Highlights an 86% Physical, 2% Hybrid, and 12% Remote job distribution, with an average salary of $89,220 per year, or $42.9 per hour.

Default Management Specialist

Porter & Chester Institute

Rocky Hill, CT • On-site

$18 - $21.50/hr

Full-time

Re-posted 4 days ago

Job description

Default Management Specialist

Do you enjoy helping people solve problems, stay organized, and navigate important financial decisions?

Are you looking for a career where your communication skills, attention to detail, and ability to build relationships can make a meaningful impact?

We're looking for a Student Loan Default Prevention Specialist to support students and graduates as they manage their federal student loan obligations while helping the institution maintain compliance with federal regulations and default prevention initiatives.

If you're organized, compassionate, and enjoy working with people while balancing administrative responsibilities, we'd like to hear from you.

What You'll Be Doing

As a Default Management Specialist, you'll work directly with current and former students to provide guidance on student loan repayment options, assist with financial aid-related processes, and support the institution's default prevention efforts.

You will:

  • Counsel students and graduates on federal student loan repayment options, budgeting, deferments, and forbearances
  • Generate and manage loan counseling outreach campaigns through letters, email communications, and phone calls
  • Assist campus staff with conducting exit counseling interviews prior to graduation
  • Provide required exit counseling materials to withdrawn students within established timelines
  • Contact lenders, servicers, and guaranty agencies to resolve student loan issues and support student success
  • Conduct pre-claim activities, including borrower outreach, lender communication, and status tracking
  • Monitor and communicate with students in active repayment, grace, and pre-claim statuses
  • Review and update enrollment information within the National Student Loan Data System (NSLDS)
  • Assist with appeals related to Draft and Official Cohort Default Rate data
  • Process Return to Title IV (R2T4) calculations accurately and within regulatory deadlines
  • Initiate withdrawal and refund communications with students and internal departments
  • Maintain default management databases and related software systems
  • Stay current on federal regulations, compliance requirements, and industry best practices through ongoing training
  • Collaborate with third-party servicers and internal departments to support institutional default prevention goals
  • Perform additional projects and responsibilities as assigned


Minimum Requirements

Required:

  • High School Diploma or GED
  • Minimum 2 years of related work experience
  • Strong organizational and time management skills
  • Excellent verbal and written communication skills
  • High attention to detail and accuracy
  • Computer proficiency, including experience with databases and Microsoft Office applications
  • Ability to manage multiple priorities while meeting deadlines

Preferred:

  • Relevant post-secondary education or training
  • Experience working with student loans, financial aid, higher education, or regulatory compliance
  • Familiarity with federal student aid programs and loan servicing processes

Why Work With Us?

You'll join a team dedicated to helping students achieve long-term success—not only during their education, but throughout their financial journey after graduation.

In this role, you'll have the opportunity to make a direct impact by helping students understand their options, avoid default, and build a stronger financial future while working in a supportive, mission-driven environment.

If you're looking for a position that combines student support, compliance, communication, and problem-solving, we'd love to meet you.

About Our Company:

Porter and Chester Institute, a trade school in Connecticut and Massachusetts for 75 years, adheres to one basic vision: to educate and train our students to the level that will make them competent employees. With 7 campus locations throughout Connecticut and Massachusetts, we offer training in such trades as Automotive Technology, HVAC-R, CAD, Electrician, Plumbing, as well as Medical Assisting, Dental Assisting, Practical Nursing and Computer & Technology.

Our support staff, including Admissions, Financial Aid and other administrative professionals, to our qualified Instructors are focused on making the students' experience a fulfilling and enriching one, both professionally and personally.

Click here for more company information: https://porterchester.edu/about-pci

We are an Equal Opportunity Employer.