Senior Associate – Loan Accounting Operations
| Company | SS&C |
|---|---|
| Location | South Orange, NJ, USA, Hartford, CT, USA, New York, NY, USA |
| Salary | $70000 – $95000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior |
Requirements
- Bachelor’s degree in Accounting, Finance or similar field
- 2-4 years’ relevant experience in the insurance industry or commercial Real Estate loan administration
- Knowledge of US GAAP accounting or IFRS
- Experience with NAIC reporting with strong preference for NAIC Schedule B experience
- Investment general ledger experience is strongly preferred
- Self-starter and ability to work independently to meet daily, monthly, and project deliverables
- Ability to identify processing issue and formulate resolution
- Strong ability to communicate professionally with internal / external contacts
- Strong analytical skills and ability to remain highly organized in a deadline driven environment while maintaining strict attention to detail
- Proficiency with Microsoft Office suite, with advanced working knowledge of Excel
- Basic proficiency in Microsoft SQL is a plus
Responsibilities
- Perform daily or monthly reconciliations against multiple servicers, custodians and/or asset managers
- Identify, research, and escalate any breaks against established counterparties
- Reconcile daily / monthly GL transactions to ensure all loan transactions are processed and recorded accordingly
- Perform critical self-review of work product prior to submission to client and/or supervisor
- Process loan cash transactions such as payment processing, loan payoff, escrow disbursement, investor sale, etc.
- Monitor cash account and reconcile loan payment received from borrower
- Upload newly originated / purchased loan onto SS&C loan servicing software and send welcome package to borrower
- Generate various loan notices such as billing statement, maturity notice, late payment notice, payoff statement, etc
- Assist in the implementation of new clients
Preferred Qualifications
- Experience with NAIC reporting with strong preference for NAIC Schedule B experience
- Investment general ledger experience is strongly preferred
- Basic proficiency in Microsoft SQL is a plus