What are the responsibilities and job description for the Staff Accountant position at Paychex?
We are seeking a dynamic Staff Accountant/Loan Administrator to join the accounting and finance team in our Calabasas office. This position reports to the Fund Controller and will assume the day-to-day accounting and administration of construction, bridge and value-add loans on commercial and residential real estate. Duties include loan portfolio maintenance in the servicing system and disbursement/receipt of funds from initial funding through reconveyance of the collateral. This position is in constant contact with origination & accounting teams, as well as borrowers with multiple tasks open at any given point. The candidate should be self-motivated, work effectively in teams, detail oriented, and be able to manage multiple projects and deadlines in a fast-paced environment.
Duties and Responsibilities:
- Set up wires for initial fundings & construction draws
- Review & utilize documentation from the originations to set up loans in the servicing system
- Process loan payment activity and processing payments to lenders
- Reconcile the Trust account cash balance daily
- Preparation of payoff demands & collateral reconveyances
- Process month end activities within the servicing system and reconcile receivable balances in the accounting system
- Provide month end reports for use by accounting
- Maintain collateral insurance tracking
- Review preliminary notices & forward to the third-party fund control
- Manage Accounts Payable to ensure all vendor invoices are booked and approved in a timely manner
Desired Skills:
- Bachelors degree in Accounting, Finance or related field or prior accounting experience
- Must be extremely organized
- Good interpersonal skills
- Great with time management to meet deadlines
- Intermediate or Advanced level Excel capabilities
- Must be able to work in both a team environment & individual projects
- Excellent communicator with all levels within/outside of the organization (i.e management, clients, investors, etc…)
Prior experience with the following is a plus, but not required:
- The Mortgage Office – Loan Origination and Servicing System
- Sage Intacct – Accounting Software
- A general understanding of the loan life cycle as described above.
