Loan Accounting Manager


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.



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


       - 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.


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


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.







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.


       Extensive knowledge of and the ability to apply financial service industry standards, laws and


       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.


       Bachelor’s degree in Accounting


       7 or more 10 years in Accounting in the financial services industry.


        Licenses and Certifications                                                            Expiration Date



Work is generally performed in a normal office environment.  Noise levels are usually moderate.


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.


About Provident Bank

For more than 175 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - “Commitment you can count on” - supports the investments we make in the community and donations made by our employees. It’s a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

  1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
  2. Through generous contributions, we have raised over $28,000 in 2018. No item or donation is too small; we find a home for it all.

Nearest Major Market: New Jersey