Loan Operations Reconciliation Analyst/ Senior Loan Ops Reconciliation Analyst

Old Second National Bank • Oakbrook Terrace, IL

6d • $25 - $32 • Hybrid

About The Position

The Loan Operations Reconciliation Analyst works as part of the Loan Operations Reconciliation team to provide accounting control and operational support for a variety of functions, across multiple loan types utilizing the core system used for boarding loans.

Requirements

• Two or more years of college and three or more years of relevant work experience to include financial services operations, finance, and/or accounting; or equivalent combination of education and experience.
• Knowledge of Institutional Client Loan Operations
• Knowledge of reconciliations, accounting and controls
• Working experience with data and excel and intermediate to advanced level
• Exceptional verbal and written communication skills
• In depth problem solving, analytical and judgment skills
• Proficient in MS Word, Excel and Access
• Ability to work well independently and as part of a team.
• Experience identifying problems and use independent judgement to solve, recommend solution and/or notify and escalate as appropriate.

Nice To Haves

• Bachelor’s degree in Finance, Accounting or Business.
• Two or more years of experience in loan accounting and reconciliation functions.
• Knowledge and use of Commercial loan systems and applications including BlackLine, Jack Henry and Stucky systems.

Responsibilities

• Analyze, research, and correct reconciling differences between the loan systems, the General Ledger and various sources requiring knowledge and experience regarding any system interfaces involved.
• Participate in the support of general ledger and loan systems projects, including conversions, testing, enhancement implementations, etc.
• Identify and address outages and reconciliation issues impacting internal business partners including Residential, Retail and Commercial loan processing staff within required SLAs
• Generate and distribute various daily, weekly or monthly recon reports
• Provide direction to Loan Operations staff on transaction processing or adjustments to correct errors, outages, etc.
• Develop and maintain written operational procedures for all tasks performed and cross train to provide effective support to all team members
• Perform monthly review of OSNB Assignee accounts. Monitor and maintain integrity of account set ups to ensure proper reporting and controls are in place.
• Identify needs for process improvements where recurring issues persist. Research and be direct line of communication with other areas to resolve.
• Provide Training on enhanced processes within the department

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 501-1,000 employees