Financial Reporting Specialist

Valley Bank • Wayne, NJ

2d

About The Position

The Financial Reporting Specialist will be responsible for preparing, reviewing, and maintaining various commercial lending, portfolio monitoring, and regulatory reports. This role involves administering loan system maintenance and servicing activities, monitoring portfolio credit quality, performing general ledger reconciliations, and coordinating regulatory compliance. The specialist will also support audits, cross-functional research, and process improvement initiatives by collaborating with various teams.

Requirements

• Knowledgeable in IBS and nCino, is a plus.
• Microsoft Office (Word, Excel, PowerPoint and Outlook) proficiency.
• Strong knowledge of loan products, servicing functions, general ledger accounts, reconciliation process and reporting requirements.
• Strong interpersonal skills, both verbal and written.
• Strong accounting and math skills and the ability to calculate figures such as discount, interest, commissions and percentages.
• Ability to work independently, understand and carry out instructions.
• Ability to organize and prioritize assignments.
• Ability to handle multiple tasks and projects simultaneously, while meeting or exceeding deadlines.
• High School diploma or GED equivalent and a minimum of 3 years loan accounting/servicing or lending-related experience.

Nice To Haves

• Associate or bachelor's degree in finance, accounting or a business-related field
• Prior banking experience
• Prior experience supporting commercial lending, general ledger reconciliation, regulatory reporting or Federal Reserve collateral reporting

Responsibilities

• Prepare, review, and maintain commercial lending, portfolio monitoring, and regulatory reports, including Call Report schedules, past due reporting, Shared National Credit reporting, Regulation O reporting, and other Credit Risk management reporting requirements.
• Administer loan system maintenance and servicing activities, including charge-offs, loss mitigation, legal workout and REO transactions, risk rating updates, commitment maintenance, billing changes, and related recordkeeping.
• Monitor portfolio credit quality metrics, including non-accrual loans, impaired loans, delinquencies, maturities, unused commitments, and pledged loan collateral, ensuring compliance with internal policies and regulatory reporting requirements.
• Perform general ledger reconciliations, data validation, and financial reporting support by researching discrepancies, completing certifications, and ensuring the accuracy and integrity of loan and accounting records.
• Coordinate regulatory compliance and reporting activities, including CRA, HMDA, Federal Reserve Borrower in Custody, records retention reviews, and related examinations or reporting submissions.
• Support audits, cross-functional research, process improvement initiatives, and departmental projects by providing documentation, resolving data issues, maintaining procedures, and collaborating with lending, compliance, legal workout, and risk management teams.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED