Loan Accounting Representative

Newtek One

9d•$50,000 - $75,000

About The Position

NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk. Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions. Small Business Lending LLC is looking to add a Loan Accounting Representative to its team. The Loan Accounting Representative is responsible for supporting the accounting and servicing functions of the loan portfolio by accurately processing loan transactions, maintaining reconciliations, and assisting with reporting and operational tasks. This role ensures timely processing of loan payments, investor remittances, and general ledger reconciliation while maintaining accurate loan records within the servicing system.

Requirements

Prior experience in loan servicing, banking operations, or accounting preferred.
Strong understanding of accounting principles and reconciliation processes.
Proficiency with Microsoft Excel and financial or loan servicing systems.
Strong attention to detail and organizational skills.
Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
Strong analytical and problem-solving skills
Excellent attention to detail and accuracy
Effective communication and teamwork abilities
Strong organizational and time management skills
Ability to handle confidential financial information with discretion

Responsibilities

Process daily deposits to multiple bank accounts.
Post daily cash receipts to the loan servicing system and reconcile transactions to the General Ledger.
Generate and submit NACHA ACH files for processing and perform associated reconciliations.
Post and remit loan payoff funds to investors as required.
Process weekly remittances to the SBA through Pay.gov as needed.
Post secondary market settlements within the loan servicing system.
Board new loans into the loan servicing system.
Process loan servicing transactions including deferments, note modifications, payoff quotes, and accrual status changes.
Prepare documentation required for guaranteed loan sales.
Reconcile loans and loan participations to ensure accurate accounting of serviced loans.
Maintain and reconcile Cash Balancing and Suspense worksheets to the General Ledger on a daily and monthly basis for various lending clients.
Assist with month-end closing processes for servicing clients.
Create and maintain management reports related to loan accounting and servicing activities.
Perform general office duties including mail sorting and forwarding, document filing, and maintaining organized records.
Provide operational support to ensure efficient loan accounting and servicing processes.