Secondary Market & Participation Rep 1

Responsibilities

• Reconcile the SilverLake loan system balances, comparing them to the Corporate General Ledger for the various investor accounts
• Upload respective data files to investors and process remittances accordingly
• Review participation loan documentation for accuracy and adherence to compliance and procedure
• Identify errors in calculations and/or missing documentation and write exceptions accordingly
• Refer major violations to the supervisor and/or unit manager
• Review and process all payments from other banks to respective participation loans
• Reconcile with the general ledger as applicable
• Review, process and remit all payments due to participating banks for commercial participation loans
• Reconcile with the general ledger as applicable
• Enter and approve wire transfers for the Loan Operations department
• Aid the Loan Reconcilement team with daily balancing and responsibilities during staff absences
• Communicate with other departments, branches, lenders, investors, and participating banks regarding exception issues as they arise

Qualifications

• High School Diploma or GED required
• Associates Degree in Finance/Accounting or equivalent relative work experience preferred

Skills

• Strong attention to detail and analytical skills
• Excellent written and verbal communication skills
• Proficient with Excel
• Experience working knowledge of required documentation for all loan types

Physical Requirements

• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
• While performing the duties of this job, the employee may be required to stand, walk, sit, use hands to finger, handle, or feel, reach with hands or arms, and speak and hear
• The employee may occasionally be required to lift and or move up to 25 pounds
• Specific vision abilities required by this job include close vision, and the ability to focus

Other Job Information

• Hrs: 40 hours/week
• Cmp: Commensurate with experience plus potential for annual merit increase
• Bs: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!

Physical Requirements

• While performing the duties of this job, the employee may be required to stand, walk or sit
• Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear
• The employee may occasionally be required to lift and or move up to 25 pounds
• Specific vision abilities required by this job include close vision, and the ability to focus

Company Info

• AA/EOE
• Min: USD $18.25/Hr.
• Max: USD $24.71/Hr.