At Capital One, we’re constructing a number one info-based mostly know-how firm. Nonetheless founder-led by Chairman and Chief Government Officer Richard Fairbank, Capital One is on a mission to assist our clients succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our clients take pleasure in and the advocacy they exhibit. We’re succeeding as a result of they’re succeeding.
Guided by our shared values, we thrive in an surroundings the place collaboration and openness are valued. We consider that innovation is powered by perspective and that teamwork and respect for one another result in superior outcomes. We elevate one another and obsess about doing the fitting factor. Our associates serve with humility and a deep respect for his or her duty in serving to our clients obtain their objectives and understand their goals. Collectively, we’re on a quest to vary banking for good.
Servicing Sr Loan Ops Coord- Investor Accounting
Each day, Investor Accounting compares monetary transactions processed within the Mortgage Servicing Platform (MSP) system to system output to make sure transactions have been routed in accordance with system logic. Out of stability gadgets are distributed to applicable enterprise areas for decision.
Investor Accounting compiles every day transaction exercise for cost clearing basic ledger (GL) accounts in addition to sure different accounts particularly associated to servicing actions. System exercise is in comparison with precise monetary transactions. Offsetting debits and credit to every common ledger account are cleared by Investor Accounting associates. Gadgets with out offsetting entries are distributed to applicable enterprise areas for decision. Basic ledger reconciliations which might be a part of the Capital One Reconciliation Analysis (CORE) reconciliation course of are submitted for approval on a month-to-month foundation.
Investor custodial accounts and different demand deposit accounts are reconciled on a month-to-month foundation by Investor Accounting. System knowledge is in comparison with bank assertion exercise. Exception gadgets are recognized and distributed to applicable enterprise areas for decision. A check of money evaluation is carried out on scheduled/unscheduled accounts to make sure correct advance place is maintained. Investor custodial accounts are reconciled per Regulation AB, Fannie Mae (FNMA) and Freddie Mac (FHLMC) tips.
The Servicing Senior Loan Ops Coordinator is liable for accounting and reporting duties associated to FHLMC, FNMA, and Personal Buyers. They make the most of MSP to reconcile every day and month-to-month exercise. They work with restricted supervision in a quick-paced, cross-useful surroundings utilizing established studies and spreadsheets to reconcile every day and month-to-month exercise.
Carry out bank reconciliation and check of anticipated money reconciliation for FHLMC, FNMA and Personal Buyers
Present periodic stories to buyers talked about above and guarantee well timed remittance of funds due
Make the most of MSP and/or ALS servicing methods and related output for reconciliation and reporting
Carry out every day and month-to-month reconciliation of varied basic ledger accounts
Analysis and clear excellent reconciliation gadgets in bank accounts and GL’s
Collaborate with upstream and downstream enterprise companions to advocate for adequate inner controls
Determine course of enchancment alternatives
Help company accounting with clearing of reconciling gadgets and balancing of varied company accounts
Be sure that all actions are carried out in accordance with contractual, compliance and investor tips
Reply to or route investor inquiries and supply a excessive degree of service as a way to keep an excellent working relationship
Get well servicing advances to make sure minimal getting old
Excessive Faculty Diploma, GED or equal certification, or Army expertise
Most popular Qualifications:
A minimum of 1 yr of Monetary Providers expertise or Bachelor’s diploma
No less than 1 yr of expertise with Microsoft Workplace, together with Phrase and Excel
No less than 1 yr expertise of Investor Accounting or Investor Reporting expertise
Right now, Capital One won’t sponsor a brand new applicant for employment authorization for this place.
No businesses please. Capital One is an Equal Alternative Employer dedicated to variety within the office. All certified candidates will obtain consideration for employment with out regard to gender, race, colour, age, nationwide origin, faith, incapacity, genetic info, marital standing, sexual orientation, gender id/task, citizenship, being pregnant or maternity, protected veteran standing, or some other standing protected by relevant nationwide, federal, state or native regulation Capital One promotes a drug-free office. Capital One will think about for employment certified candidates with a felony historical past in a fashion in keeping with the necessities of relevant legal guidelines relating to felony background inquiries, together with, to the extent relevant, Article 23-A of the New York Correction Regulation; San Francisco, California Police Code Article 49, Sections 4901-4920; New York Metropolis’s Truthful Probability Act; Philadelphia’s Truthful Felony Data Screening Act; and different relevant federal, state, and native legal guidelines and laws relating to felony background inquiries.
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