Bank Reconciliation Analyst

Mortgage Servicing Bank Reconciliation Analyst

The Mortgage ServicingBank Reconciliation Analyst is responsible for executing all aspects of compliance with investor, agency, regulatory (Reg AB & USAP) requirements for the reconciliation and clearing of outstanding reconciling items. Ensure GAAP, company finance policies, Sarbanes-Oxley requirements are adhered to and met.

Responsibilities:

• Ensure all Bank Reconciliation functions are performed in compliance with company, investor and/or regulatory guidelines.
• Reconciliations of various accounts such as PI & TI custodial accounts for investors which could include FNMA, FHLMC, GNMA, Private MBS or Special Servicing.
• Reconciliation of the Payment Clearing Account and ensure the prompt clearing of outages and facilitation of effective process deficiencies.
• Prepare the more complex reconciliations and test of cash.
• Assures timely and accurate reconciling of assigned monthly accounts.
• Ensures strict adherence to the Agency and Private Investor Servicing Agreements, Regulation AB, USAP and other guidelines for timely and accurate reporting, remitting, and reconciling.
• Assures reconciliation of accounts within 30 calendar days clearance and reconciliation of items within 90 days from the point of identification.
• Routinely keeps abreast of latest relevant Bank Reconciliation, requirement changes.
• Ensure the timely reconciliation and resolution of appropriately aged items in the Payment Clearing bank account.
• Ensure that proper internal controls exist and are applied consistently to prevent potential fraud and misallocation of funds.
• Compliance with controls and policy/procedures for area of responsibility.
• Build relationships with internal departments interfacing with assigned clearing and custodial accounts.
• Maintain knowledge of and adherence to all internal compliance policies and procedures.
• Execute on other duties, as assigned.

Qualifications:

To perform this job successfully, an individual must have solid Mortgage Servicing Bank Reconciliation experience and be able to perform the following satisfactorily; other duties may be assigned. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Qualifications desired for the MSP Bank Reconciliation Analyst are:

· Minimum 2 years of experience w/PCA (payment clearing account) reconciliation; P&I T&I in mortgage servicing; bank recon in mortgage servicing

· Minimum 2 years MSP mortgage servicing system experience posting and Bank Reconciliation

· Data Watch or Monarch experience; excel intermediate to advanced; run Passport, a plus

· Ability to successfully multi-task while working independently or within a group environment.

· Ability to thrive in high pressure, ambiguous, short turnaround time environment.

· Excellent verbal and written communication skills

· Superior analytical and research skills.

· Outstanding attention to detail is required.

Job Types: Full-time, Contract

Pay: $22.50 - $31.90 per hour

Benefits:

• Dental insurance
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Experience:

• Mortgage servicing: 2 years (Required)
• Bank reconciliation: 2 years (Required)
• MSP Mortgage Servicing System: 2 years (Required)
• Payment Clearing: 2 years (Required)
• GSE/Gov/Private Investor: 2 years (Required)
• Passport reporting: 2 years (Preferred)
• Data Watch or Monarch system: 2 years (Preferred)

Work Location: Hybrid remote in Coppell, TX 75019