Accounting Analyst Consumer Loans
- Research and clearing General Ledger entries for loan origination, settlement, payoffs, and loan sales activities conducted by the Consumer Loan Center (CLC) operational teams.
- Monitoring of certain general ledger clearing and in-transit accounts; research and clearing of outstanding items; and resolve "out of balance" situations.
- Monitoring and reconciliation of certain Internal Bank Deposit Accounts account daily activity, ensuring items post and clear correctly and on a timely basis.
- Assist with processing the time sensitive cash settlement of various consumer loan activities as requested by CLC operational teams for coverage support.
- Processing all G/L Requisition Orders for CLC operational teams in an accurate and timely manner.
- Maintenance of trial balance of saleable and portfolio mortgage loans, including coordination with loan operations for accurate accounting of mortgage loan boardings, settlement and payoff activities on subservices/agent loan systems.
- Coordinate with the CLC operational team to ensure timely loan sales transactions with accurate gain/loss on sale recognition in the GL.
- Perform any necessary adjustments/journal entries to appropriately capture interest accruals and reversals, capitalization of deferred loan origination fees/costs and monthly amortization.
- Reconcile complex consumer loan and mortgage general ledger asset and liability accounts by comparison of general ledger balances to subledger balances; maintain clearing account aging standards for clearing/suspense accounts; and analyze, research, and resolve exceptions and issues.
- Research and report on preliminary and final interest income yield analysis.
- Prepare, analyze, and report on consumer loan account variances.
- Calculation and coordinating payment of Mortgage referral incentives.
- Complete other monthly reports/analysis as requested by management.
- High School/GED and 5 years of relevant experience or Associate Degree in accounting or business and 2 years of relevant experience
- Bachelor's Degree preferred
- 2 years of experience in Accounting Operations such as Consumer Lending or General Accounting
- 2 years of Financial reporting/analysis experience
- 1 year of exposure to basic balancing/reconcilement
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