Bank Reconciliation Analyst

First American•Usa, SC

About The Position

The Bank Reconciliation Analyst ensures the accuracy and completeness of clearing accounts by validating system activity against daily bank activity. The role follows established processes to support regulatory compliance and minimize the company’s risk of monetary loss, legal action, and charge-offs. It also involves participating in audit exams and working with internal teams to align processes and guidelines. The analyst reconciles assigned bank accounts and loan activity, reviews payment applications for compliance with investor and company guidelines, and investigates and communicates process breaks. The role supports audit requests, reporting and reconciliation changes, and the maintenance of policies and procedures in accordance with company and investor guidelines.

Requirements

2–5 years of experience and/or training in an investor reporting mortgage servicing environment.
At least 2 years of bank reconciliation experience.
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 present information effectively and respond to questions from internal and external sources.
Understanding of the MSP Bank Reconciliation workstation.
Ability to work with mathematical concepts such as probability and statistical inference.
Ability to solve practical problems in situations with limited standardization.
Ability to interpret written, oral, diagrammatic, or schedule-based instructions.
Strong attention to detail and organizational skills.
Ability to work in a team environment and strong interpersonal skills.
Self-motivated and able to work independently.
Ability to manage multiple tasks and respond quickly to emergent problems.
Proficiency in Microsoft Office.

Responsibilities

Reconcile assigned bank accounts and loan activity in accordance with departmental policies and guidelines.
Validate bank statement activity against checklists and system reports.
Work with internal teams and other business units to align processes with internal and external guidelines.
Build and maintain working relationships with internal and external business groups to resolve issues and concerns promptly.
Assist with reviewing and responding to internal, external, investor, regulatory, and state audit exam requests.
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.
Analyze and review new reporting formats or proposed changes to reconciliation requirements.
Coordinate with other department personnel to ensure new servicing and reporting requirements are in place and functioning.
Assist in maintaining policies and procedures in accordance with company and investor guidelines.
Participate in audit exams.