Bank Reconciliation Analyst (Remote)

First American•Usa, SC

9d•Remote

About The Position

Responsible for ensuring the accuracy and completeness of all bank investor custodial accounts. Validate system activity to daily bank activity utilizing various investor and system reports, including GSE forms and schedules. Follow processes to ensure regulatory compliance, minimize company risk for monetary loss, legal action, and charge offs. Participate in audit exams. Work closely with internal teams to align processes and guidelines. Requires a solid understanding of area of specialization. Resolves a wide range of issues with detailed research. Uses functional knowledge to bring insight to the role, identify issues and inefficiencies, and recommend process improvements.

Requirements

High School diploma or equivalent
Minimum of 2 years of related experience, including investor accounting and/or reporting, required.
Ability to read, analyze, and interpret technical procedures and government regulations
Strong analytical and resolution skills
Proficiency in writing reports, business correspondence, and procedure manuals
Ability to effectively present information and respond to questions from internal and external sources
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form
Great attention to detail and organizational skills
Ability to work in a team environment, strong interpersonal skills
Self-motivated; self-starter
Ability to manage multiple tasks and respond quickly to emergent problems
Proficient in Microsoft Office

Nice To Haves

Some college preferred

Responsibilities

Reconcile assigned GSE and asset bank accounts and loan activity timely while following departmental policies and guidelines
Balance daily cashbook to identify remittance differences between loan servicing system and remittance reports
Validate bank statement activity against loan servicing system and GSE reports
Work closely with internal teams and other business units to ensure that processes align with internal and external department guidelines
Establish and maintain close working relationships with internal and external business groups to ensure all issues and concerns are resolved in a timely manner
Assist in reviewing and responding to audit exam requests - internal, external, investor, regulatory and state
Generate error log reports and follow escalation procedures to communicate process breaks to business units and management
Review payment applications for compliance with investor and Company guidelines
Perform analysis and reviews on new reporting formats and or proposed changes to reconciliation requirements
Interacts with other departmental personnel to ensure new servicing/reporting requirements are in place and functioning as expected
Assist in maintaining policies and procedures in accordance with company and Investor Guidelines