About the role

The purpose of this position is to provide investor accounting and financial reporting support for the loan portfolio department.

What you'll do

• Balances and reconciles bank accounts and statements daily. Reviews loan servicing system application of funds for accuracy. Prepares and transmits funds and daily remittance reports.
• Prepares and transmits periodic financial reports to investors, master loan servicers and trustees as the need arises. Prepares a variety of transaction and financial summaries and statements for management and external customer use.
• Maintains accurate records in the loan servicing system, Abstract Database and other electronic files.
• Researches records to respond to investor inquiries and internal or external audits.
• Works with the Portfolio Management department in preparation of various financial and monitoring reports.
• Reconciles advance ledgers. Participates in testing of servicing system upgrades/releases. Resolves and records bank reconciling items.
• Reviews and reconciles outside correspondent receipts and reports. Reviews accuracy of data against Servicing Agreements. Prepares posting spreadsheets for Cash Department.
• Reviews Special Servicer reports; requests revisions; provides additional information to Special Servicers on specially serviced CMBS loans. Maintains bank accounts for each portfolio to ensure accounts are accurate and closed timely.

• To perform this job, an individual must to perform each duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
• High School diploma or General Education Degree (GED) required. Bachelor's degree from a four-year college or university and/or a minimum of 2 years related experience.
• Ability to comprehend and interpret instructions, short correspondence, and memos and ask clarifying questions to ensure understanding. Ability to write routine reports and correspondence. Ability to respond to common inquiries or complaints from clients, co-workers, and/or supervisor. Ability to present information to an internal department and/or large groups of employees.
• Requires knowledge of financial terms and principles. Understands discounts, commissions, ratios, proration and percentages.
• Ability to understand and carry out general instructions in standard situations. Ability to take on problems in standard situations. Requires basic analytical skills.
• Intermediate experience in Microsoft applications including: Word, Excel, Outlook and the ability to work on a computer database. Knowledge of McCracken's Strategy loan servicing system is beneficial. Ability to operate a ten-key calculator by touch is also preferred.
• Decisions made with general understanding of procedures and company policies to achieve set results and follow timelines. Errors in judgment may cause short-term impact to co-workers and supervisor.
• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.