Escrow Processor 1 (On-Site)

Community Financial System, Inc.•Olean, NY

17h•$18 - $25•Onsite

About The Position

At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration. Just as our employees are committed to helping our customers manage their finances, we’re committed to our employees. After all, they make it happen for our customers every day. To ensure our people can enjoy long and successful careers here at CFSI, we offer competitive compensation, great benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities. As an integral member of the Loan Operations Department, the position of Loan Operations Escrow Processor 1 is mainly responsible for coordinating all activities related to property taxes and insurances related to real estate-secured loans held at the bank.

Requirements

High School Diploma or GED required
All applicants must be 18 years of age or older
Strong attention to detail as well as proven organizational and analytical skills
Highly organized, with the ability to multi-task
Ability to prioritize and work effectively under time constraints
Above average written and verbal communication skills
Intermediate to strong computer skills, including ability to create and manipulate data and spreadsheets in Excel
Must be able to consistently demonstrate the Company’s core values: a strong work ethic, integrity, respect for others, responsibility, transparency and humility
Preference will be given to a candidate with at least one (1) year experience in banking and knowledge of lending products and services.

Nice To Haves

Associates Degree in business related field or equivalent work experience preferred
Mortgage experience is a plus.

Responsibilities

Review accounts with property taxes and insurances that are escrowed to ensure they adhere to federal regulations
Prepare remittance for property taxes as due
Prepare remittance for hazard insurance premiums on a monthly basis
Prepare remittance for mortgage insurance premiums as due
Research and maintenance tax data through the banks tax servicing vendor
Prepare documentation for the creation of an escrow account for existing loans
Prepare and send regulatory letters when cancelling property taxes and insurance
Process escrow payment transactions and maintenance the system accordingly
Function as a resource for branch personnel with escrow questions; communicate with customers, insurance companies and real property tax collectors regarding escrowed accounts
Maintain proficient knowledge of, and demonstrate ongoing compliance with, all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls, and meet all job-specific training requirements in a timely fashion