Loan Accounting Specialist

Description

The Loan Accounting Specialist is responsible for executing a variety of activities related to monetary transactions and loan data integrity in the Bank’s Core Loan System.   Duties include, but may not be limited to;          

Job Duties:

1. Act as Subject Matter Expert of the Core Loan Accounting system and associated loan account and general ledger transactions
2. Mitigate risks by implementing and/or managing appropriate controls within the Loan Accounting responsibilities
3. Review, research, finalize and send the monthly SBA Colson 1502 Report
4. Conduct escrow analysis and related payment processes
5. Document, submit and follow up on Cases to the Core Application vendor and execute solutions provided
6. Review and interpret loan documentation, consider hypothetical terms and determine booking strategies
7. Board and/or uploads consumer, commercial, real estate, mortgage and special asset loan data accurately and timely to the CORE loan accounting system in accordance with approved request, policies and procedures
8. May perform Quality Assurance of loans boarded to the Core loan accounting system by other personnel
9. Research data issues and perform accurate and timely maintenance as determined
10. Manually post payments
11. Provide subsequent advance funding through wire transfer, account credit or official check
12. Process payments and advances on participation accounts and ensure Bank loan records match to agent/lead bank(s)
13. Send notices to and communicate directly with participants
14. Provide internal customers with routine loan account inquiries / research
15. Review daily reports to ensure appropriate transactions, exception resolution, etc.
16. Ensure proper source documentation is received for system maintenance and filed appropriately
17. Provide Loan Payoff Quotes
18. Process timely and accurate resolutions to credit disputes, corrections and inquiries
19. Process credit verification requests
20. Prepare Amortization schedules and/or recalculation spreadsheets
21. Perform change management for special loan account requirements
22. Share knowledge and expertise with team members
23. Quickly escalate concerns as appropriate

Qualifications

• High school diploma or GED required.
• Minimum of two years attending business school or university (preferable)
• Minimum of seven years with loan operations working experience in the area of expertise indicated in this job description required (including boarding loans, maintenance to loan accounting system, etc.)
• Working experience with reviewing commercial, consumer, mortgage, real estate and special asset loan documentation and determining booking strategies
• Strong working experience with maintenance in and reporting data from a Core loan accounting application is required (preferably Jack Henry Silverlake)
• Proficient with Excel (Intermediate+), Word and Outlook.
• Confidence and working experience with communicating well with internal customers by all means of communication including written, verbal, and non-verbal communication.
• Service oriented team player; willingness to share knowledge/skills and learn from others.
• Self-motivated, ability to work independently without instructions.
• Ability to multitask and properly prioritize, change quickly and work in a high pressure fast pace environment.
• Dependable, respects and adheres to time lines.
• Takes initiative and accountability to discover solutions when problems arise