Note: The job is a remote job and is open to candidates in USA. NewtekOne is a financial holding company that provides a wide range of business and financial solutions to the SMB market. They are seeking a Loan Accounting Representative to support the accounting and servicing functions of the loan portfolio, ensuring accurate processing of loan transactions and maintaining reconciliations.
Responsibilities
- Process daily deposits to multiple bank accounts
- Post daily cash receipts to the loan servicing system and reconcile transactions to the General Ledger
- Generate and submit NACHA ACH files for processing and perform associated reconciliations
- Post and remit loan payoff funds to investors as required
- Process weekly remittances to the SBA through Pay.gov as needed
- Post secondary market settlements within the loan servicing system
- Board new loans into the loan servicing system
- Process loan servicing transactions including deferments, note modifications, payoff quotes, and accrual status changes
- Prepare documentation required for guaranteed loan sales
- Reconcile loans and loan participations to ensure accurate accounting of serviced loans
- Maintain and reconcile Cash Balancing and Suspense worksheets to the General Ledger on a daily and monthly basis for various lending clients
- Assist with month-end closing processes for servicing clients
- Create and maintain management reports related to loan accounting and servicing activities
- Perform general office duties including mail sorting and forwarding, document filing, and maintaining organized records
- Provide operational support to ensure efficient loan accounting and servicing processes
Skills
- Prior experience in loan servicing, banking operations, or accounting
- Strong understanding of accounting principles and reconciliation processes
- Proficiency with Microsoft Excel and financial or loan servicing systems
- Strong attention to detail and organizational skills
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment
- Strong analytical and problem-solving skills
- Excellent attention to detail and accuracy
- Effective communication and teamwork abilities
- Strong organizational and time management skills
- Ability to handle confidential financial information with discretion
- Bachelor's degree in Accounting/Finance
Company Overview
- NewtekOne has helped businesses grow since 1998. It was founded in 1998, and is headquartered in New York, New York, USA, with a workforce of 201-500 employees. Its website is https://www.newtekone.com.