• Job Description

  Req#: 5000948828706

  JOB DESCRIPTION

  
  

  JOB SUMMARY

  A Loan Financial Processing Coordinator Senior works under limited supervision to perform complex loan financial processing functions. Applies and balances payments to loan servicing system, completes loan payoff transactions inclusive of borrower refunds, and researches rejected payments as required for the commercial loan portfolio. Oversees the reconciliation of the Payment Suspense, Real Estate Insurance Claim Suspense, and General Ledgers daily. Researches rejected payments and completes Branch Capture reporting. Performs independently, and provides training for entry level and level II team members. Exhibits strong competency in all functions of a Financial Processing Coordinator I & II and overall commercial loan servicing processes and procedures. Oversees insurance claim processing inclusive of all customer interaction, and is responsible for issuance of loss payments
  

  ESSENTIAL FUNCTIONS

  Applies and balances payments to loan servicing system. Reviews remittances received by mail and segregates items requiring special handling. Researches discrepancies regarding loan bills and payment schedules. Completes loan payoff transactions and prepares refund checks as required. Prepares wires for Loan Advances and completes the financial processing once approved. Reconciles the Payment Suspense, Real Estate Insurance Claim Suspense, and NG Checks General Ledgers daily. Performs overdraft closeout transactions and initiates Autopay transactions as required. Performs Advance Loan Recovery transactions as required. Completes daily Branch Capture reporting. Ensures that Loan Rejects and Lockbox Rejects are reviewed and reapplied as necessary. Completes Deferred Cost transactions on loans as required. Exhibits strong competency in all functions of Financial Processing Coordinator I & II. Demonstrates strong understanding of core system and related closing industry knowledge. Performs daily tasks independently. Provides training for entry level and level II team members. As assigned, may perform certain supervisory responsibilities in manager's absence. Oversees insurance claim processing inclusive of all customer interaction, and is responsible for issuance of loss payments. Directs the processing of assumptions and payoffs for funds processing and billing record maintenance. Performs special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes Oxley compliance and adhere to internal control policies and procedures.

  REQUIREMENTS

  
  

  EDUCATION AND EXPERIENCE

  High School Diploma or equivalent. Bachelor's degree preferred in Finance or equivalent. Minimum five years of commercial loan servicing experience.
  

  KNOWLEDGE, SKILLS AND ABILITIES

  Excellent knowledge of loan documentation. General knowledge of accounting. Strong verbal and written communication skills. Strong mathematical skills. Strong organizational skills. Strong customer service skills. Ability to handle multiple tasks and meet deadlines. Ability to train and assist more junior level staff. Ability to work independently with minimal supervision. Computer literate with proficiency in the use of Microsoft Word and Excel.

  NEW YORK COMMUNITY BANK, a Division of Flagstar Bank, N.A.

  Based in Hicksville, NY, New York Community Bank, a Division of Flagstar Bank, N.A. (NYCB), services customers throughout Metro New York, New Jersey, Ohio, Arizona and Florida. NYCB serves customers through over 235 branches featuring a divisional structure: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves.

  To learn more about the NYCB visit us at www.MyNYCB.com .

  Help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around! Be sure to let them know how they can become a part of the NYCB family.
  NYCB is an equal opportunity employer that prohibits discrimination on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information and any other classification protected by applicable federal, state, or local law or ordinance.
  This policy against discrimination applies to all terms and conditions of employment including, but not limited to: recruitment and selection, and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. NYCB will consider reasonable accommodations for employees and applicants with disabilities, as well as accommodations that are necessary for an employee to practice their religious faith.

  City

  Hicksville

  Alternate Locations (if applicable)

  Preferred Language

  Preferred Schedule

• About the company

  New York Community Bancorp, Inc. is a bank headquartered in Westbury, New York, with 225 branches in New York, New Jersey, Ohio, Florida, and Arizona.

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