Cash & Reconciliation Specialist
Triad Financial Services•Jacksonville, FL
•Onsite
About The Position
Triad Financial Services is a leading provider of financial services and solutions, serving clients nationwide. We are seeking a highly motivated and skilled Cash and Reconciliation Specialist to join our growing team. The Cash and Reconciliation Specialist supports investor reporting, daily and month-end cash activity, remittance processing, advance recovery, account reconciliation, and issue escalation to ensure timely, accurate reporting and compliance with investor requirements.
Requirements
- Minimum of 2 years of mortgage banking experience
- MSP experience
- General Ledger balancing a plus
Responsibilities
- Overseeing specialty servicing for specific investor requirements.
- Validating and initiating the daily remittance and advance recovery activity.
- Reviewing daily activity to identify exceptions before month end, including general ledger advance balancing differences.
- Monitoring and reporting deferrals and extensions used to cure account defaults and assessing their impact on investor reporting.
- Validating month-end reports, including advance calculations, remittance calculations, reconciliation of cash collections, remittances, and advances.
- Identifying out-of-balance conditions related to investor reporting and ensuring reports are submitted timely to meet contractual remittance obligations on the distribution date.
- Escalating issues and discrepancies to senior management and coordinating meetings with appropriate team members as needed.
- Reviewing, approving, and initiating repurchases of loans that are 120 or more days delinquent from the pool.
- Facilitating REO liquidation, settling Triad advances, and returning remaining funds to the reserve account.
- Upon cure or reinstatement, transferring the loan back into the pool, ensuring all missed payments are passed through in collections, and confirming that advances are repaid to Triad.
- Obtaining appropriate approvals as needed for cash movements.
- Balancing investor bank accounts daily and monthly.
- Maintaining monthly account reconciliations for audit purposes.
- Monitoring all corporate advances from investor reporting to ensure balances are paid, reconciled and refunded as identified.
- Assisting cash department with cash transactions as needed.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
