Bank Reconciliation Analyst

Overview

This role ensures the accuracy and completeness of all Clearing Accounts. Responsibilities include validating system activity against daily bank activity, following established processes to support regulatory compliance, minimizing organizational risk for monetary loss, legal action, and charge-offs, and participating in audit examinations.

Responsibilities

• Reconcile assigned bank accounts and loan activity while following departmental policies and guidelines
• Validate bank statement activity against checklist and system reports
• Collaborate with internal teams and other business units to ensure processes align with internal and external guidelines
• Build and maintain relationships with internal and external business groups to resolve issues and concerns in a timely manner
• Assist in reviewing and responding to audit exam requests (internal, external, investor, regulatory, and state)
• Generate error log reports and follow escalation procedures to communicate process breaks to business units and management
• Review payment applications for compliance with investor and organizational guidelines
• Perform analysis and reviews on new reporting formats and proposed changes to reconciliation requirements
• Interact with departmental personnel to ensure new servicing/reporting requirements are in place and functioning as expected
• Assist in maintaining policies and procedures in accordance with organizational and investor guidelines

Requirements

• 2-5 years of experience and/or training in an Investor Reporting mortgage servicing environment
• Minimum of 2 years of Bank Reconciliation experience
• Ability to read, analyze, and interpret technical procedures and government regulations
• Strong analytical and resolution skills
• Proficiency in writing reports, business correspondence, and procedure manuals
• Ability to present information effectively and respond to questions from internal and external sources
• Understanding of the MSP Bank Reconciliation workstation
• Capacity to work with mathematical concepts such as probability and statistical inference
• Ability to solve practical problems and deal with a variety of concrete variables where limited standardization exists
• Ability to interpret instructions furnished in written, oral, diagram, or schedule form
• Great attention to detail and organizational skills
• Ability to work in a team environment with strong interpersonal skills
• Self-motivated; self-starter
• Ability to manage multiple tasks and respond quickly to emergent problems
• Proficiency in Microsoft Office

Compensation & Benefits

• Pay Range: $21.24 - $28.31 Hourly
• This hiring range is a reasonable estimate of the base pay range for this position at the time of posting. Pay is based on job-related knowledge, skills, experience, business requirements, and geographic location.
• Based on eligibility, benefits may include medical, dental, vision, 401k, PTO/paid sick leave, and an employee stock purchase plan

Location

Not specified in the provided job description.