DUTIES AND RESPONSIBILITIES:
- Ensure necessary reports balance the P&I account to the various investor pools, and prepare the monthly Remittance Summary & Billing Detail Report for various Rialto Capital investors.
- Ensure monthly wires are sent to investors with supporting documentation.
- Review and validate various front-end reports for completeness and reconcile to internal reports from the servicing system.
- Review and reconcile the monthly remittance generated by the front-end associate and reconcile to internal reports.
- Ensure cash is properly applied and accounted for at the loan level.
- Work with IT to obtain reports and other analysis to facilitate the cash and reporting reconciliation processes.
- Motivate/manage staff and prioritize work to ensure time lines are satisfied.
- Implement departmental goals and ensure that all processes, procedures and staff are functioning to meet these goals.
- Consistently comply with all company guidelines and policies.
- Other duties and special projects as assigned.
EDUCATION AND SKILLS:
- Minimum: 4 year College Degree.
- Preferred: Accounting or Finance.
- 5-7 years of experience in the mortgage industry; commercial mortgage experience is preferred.
- 3-5 years of experience with mortgage accounting and industry practices.
- Commercial mortgage loan servicing experience. Full understanding of mortgage accounting, reporting and cash remittance.
- Accounting and reconciliation of reports, cash and fee income.
- Commitment to professional and personal excellence/achievement.
- Ability to work independently in a multi-tasking environment.
- Strong team player.
- Self-starter with minimal supervision.
- Great written and oral communication skills.
- Demonstrated analytical and problem solving skills.
- Strong attention to details.
- Excellent PC skills; including word processing & spreadsheet applications.
