Bank Reconciliation Processor

Village Capital & Investment•Draper, UT

8d•Onsite

About The Position

We are seeking an experienced Bank Reconciliation Processor to support our investor accounting function within a large mortgage loan servicing operation. This role is responsible for performing custodial bank account reconciliations, assisting with remittances, and ensuring compliance with agency and private investor requirements. The ideal candidate will have a strong accounting background, excellent attention to detail, and the ability to thrive in a high-volume environment.

Requirements

In-depth knowledge of GSE and Ginnie Mae investor guidelines and custodial accounting requirements.
Strong understanding of mortgage servicing operations, reconciliations, and cash management.
Working knowledge of GAAP and SOX control requirements.
Experience with loan servicing platforms (e.g., Black Knight MSP) and reconciliation tools.
Strong analytical, problem-solving, and organizational skills.
Excellent attention to detail and ability to meet deadlines in a fast-paced environment.
Effective written and verbal communication skills.

Nice To Haves

3-5+ years of experience in mortgage servicing investor accounting, bank reconciliations, or related financial operations.

Responsibilities

Perform daily, monthly, and periodic investor remittance activities for Fannie Mae, Freddie Mac, Ginnie Mae, and private investors.
Complete reconciliations of custodial, clearing, and corporate bank accounts, including P&I, T&I, investor, and advance accounts.
Research, analyze, and resolve reconciliation variances and exceptions in a timely manner.
Monitor daily custodial cash activity and identify discrepancies requiring investigation.
Ensure compliance with investor guidelines, regulatory requirements, servicing agreements, and internal policies.
Partner with Treasury, Loan Servicing, Default, and Corporate Accounting teams to resolve reconciliation breaks and accounting issues.
Prepare documentation and support responses for investor inquiries, audits, and regulatory examinations.
Assist with process improvement initiatives and reporting enhancements.
Maintain accurate records and supporting documentation in accordance with agency and SOX requirements.
Serve as a resource on custodial account reconciliations and investor accounting processes.