Associate Accounting

Job Summary

Responsibilities

• Perform operational accounting activities related to account reconciliation and maintenance.
• Provide operational accounting support to internal business groups or operations departments to ensure that accounts are being managed within the account policy requirements.
• Prepare and review account reconciliations and certifications.
• Perform customer account maintenance duties.
• Evaluate the operational accounting transactions and maintenance of operational accounting controls.
• Prepare Critical Investor reports for Final customer use.
• Reconcile funds to remit to Trust basing on borrower payments.
• Prepare and reconcile Advance reports and recons for regulatory purpose.
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals.
• Handle complex queries and liaise with the Asset Management team/LOB for final disbursement of funds.
• Communicate with Trust, third party servicers and other CMS teams to establish and record Authentication forms and certificate of authority
• Identify risk exposure in the process and able to come up with controls to ensure mitigation of risk.
• Exhibits detail-oriented skills to ensure zero/near ops loss situations.
• Demonstrates/maintains professional conduct under all circumstances.
• Support in process expansion
• Work on cross-functional support and process efficiencies.
• Flexibility to work in shifts and ensure timely completion of deliverables.
• High sense of accountability.

Required Qualifications

• 5 years+ months of Operational Accounting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
• Strong verbal and written communication skills are crucial for engaging with candidates and hiring managers.
• Demonstrated capacity to achieve results in a fast-paced, high-volume, and dynamic setting.
• Organizational and administrative skills that reflect attention to detail and the ability to prioritize amidst competing demands.
• Strong work ethic and a sense of urgency.
• Skilled in managing sensitive information while upholding privacy.
• Handling workload and special projects efficiently.
• Ability to work both independently and within a team environment.

Desired Qualifications

• Knowledge and experience in Commercial Mortgage Servicing including Investor Reporting to Trust, Remittance and Reconciliation of funds.
• Ability to interpret and understand the Loan documents, Loan Servicing Agreements and language pertaining to the requirements for Sub Servicing Agreements and Pooling & Servicing Agreements.
• Knowledge of Strategy Loan accounting system a major plus.
• Good knowledge of Sub Servicing reporting, reserve reporting, delinquency reporting, Collections account statement reporting and Watch list reporting.
• Experience in calculating Appraisal Reduction Amounts, ASERs.
• Ability to review loan agreements, manage inventory and continuously coordinate with special servicers.
• Experience in handling Realized Losses.
• Excellent comprehension and communication skills coupled with the ability to interact with LOB during calls and gain their confidence.
• Experience in handling escalations from the borrowers/stakeholders
• Ability to multi-task working on multiple sub-queues / activities within the process.

Standard shift time