Loan Accounting Manager
POSITION SUMMARY
This position manages the accounting and reporting functions for the loan portfolio as relates to the Loan Administration area. This includes the timely preparation of reports, reconciliation of various ledgers, knowledge of internal loan systems and maintaining USAP and other regulatory requirements. Assists with various Loan Servicing activities to help maximize revenue, minimize losses and ensure a positive experience for our clients and internal partners.
MAJOR JOB RESPONSIBILITIES
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As required throughout the year, submits proofs, reports and various data for different parties such as Finance, Compliance, Audit, KPMG, FDIC, etc. - Continuously monitors accuracy of the loan systems to ensure all data are correct and up to date. - Schedules and works on various projects throughout the year includes year end processing, escrow processing, Horizon system upgrades and other system conversions/upgrades. - Serves as point of contact with Commercial Loan Servicing, Commercial Lending, Residential Lending and Consumer Lending especially as relates to reporting and system processes. - Assists with creation and monitoring of the Department budget. - Is responsible for overall compliance with SOX regulations as relates specifically to the Accounting area as well as other areas of the Department. - Ensures Investor Processing is running efficiently and that all custodial accounts of both P&I and Escrow are reconciled in a timely manner. Differences must be cleared timely and USAP requirements must be adhered to. - Tests upgrades for the loan systems prior to implementation. - Verifies completion and accuracy of monthly originations report. - Ensures “Serviced by Other” portfolios are monitored and reported monthly to the general ledgers. |
40% |
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Reviews and assists in the preparation of a variety of loan reports including: - Balances and number of loans outstanding - Commercial, Consumer and Mortgage delinquency charts - PSB Funding loan report - Mortgage Portfolio Analysis report - Dealer report and Investor report - Call report - Allowance for Loan Loss report - Quarterly maturity report - Monthly recaps for the REIT portfolio |
30% |
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Oversees preparation of the monthly deferred fees report and deferred fee recap. Manages and coaches accounting team on preparation of reports and reconciliation of general ledgers. All reconciliations to be submitted to Comptrollers on a monthly basis. |
30% |
Managerial RESPONSIBILITIES
Directly manages Loan Accounting team. Carries out managerial responsibilities in accordance with the Bank's policies. This includes interviewing, hiring, training, managing and developing employees; planning, assigning and directing work; appraising performance; and addressing and resolving employee complaints and concerns.
SKILLS AND TRAINING
Extensive knowledge of and the ability to apply financial service industry standards, laws and
regulations.
Proven ability to establish and maintain effective working relationships with executives,
managers, employees and customers.
Comprehensive knowledge of real estate, consumer and commercial loan servicing, loan
origination, Freddie Mac/Fannie Mae and collateral release lien position.
Ability to identify and correct operational and/or procedural deficiencies, which may impact Bank
regulatory compliance, profitability or customer quality.
Knowledge of and the ability to accurately apply accounting principles.
In depth knowledge of loan processing systems.
Ability to prioritize multiple projects and complete them on time.
Ability to interpret a variety of instructions, communicate them to others and establish controls
to evaluate that these instructions are followed.
Ability to work with a wide variety of personalities in a courteous and efficient manner.
EDUCATION
Bachelor’s degree in Accounting
WORK EXPERIENCE
7 or more 10 years in Accounting in the financial services industry.
LICENSES AND/OR CERTIFICATES
Licenses and Certifications Expiration Date
None
WORKING CONDITIONS
Work is generally performed in a normal office environment. Noise levels are usually moderate.
HAZARDS
The hazards are mainly those present in a normal office setting.
This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.
Nearest Major Market: New Jersey