KeyBank Financial Systems Analyst I in Overland Park, Kansas
Financial Systems Analyst IinOverland Park, KSatKey Bank- Corporate
Date Posted: 3/14/2019
Employee Type: Full-Time
Location: Overland Park, KS
Job Type: Banking
Experience: Not Specified
Date Posted: 3/14/2019
Headquartered in Cleveland, Ohio, KeyCorp (Key) is one of the nation s largest financial services companies. Key provides investment management, retail and commercial banking, consumer finance and investment banking products to individuals and companies throughout the United States and, for certain businesses, internationally.
Our goal is to be the best regional bank in the U.S. What that means is we put our clients needs first and take a customized approach to meeting those needs. At Key we ve made a promise to our clients that they will always have a champion in us. To deliver on that promise, we re committed to building a team of engaged employees who do the right thing for our clients and help them achieve their financial goals each and every day.
ABOUT THE JOB
Under the direction of the department Manager the person in this position is responsible for activities related to and not exclusive of loading loans, deconverting loans, ARM loan audit, audits of scheduled vs. actual loan balances, creating/updating ARM indices, processing ARM notices, performing system maintenance on loans that have been assumed, modified, etc. He/She will also be responsible for participating in projects, driving development of action items and ensuring execution of project plans. The person in this position is responsible for acting in the most timely, efficient and responsible manner to protect the interest of the lender/investors pursuant to servicing their loans. The incumbent will work closely with all functions, be responsible for ensuring alignment of projects to business strategy, and that effective communications and work flows are achieved. He/She will also provide assistance to the managers overseeing the new loan setup and loan research functions. He/She will comply with all regulatory, investor guidelines and internal policies/procedures.
ESSENTIAL JOB FUNCTIONS
Perform system updates in regards to all loan transactions (i.e. assumptions, modifications, waivers, partial releases, etc.). Consult and follow up with the Account Manager, as needed, to confirm the intent of the loan documents and the appropriate system set-up. Establish the timely flow of information and documentation to ensure timely and orderly system updates.
Input loan data into the servicing systems, either through document interpretation & manual entry or through a bulk upload utilizing the New Loan Setup Utility.
Organize and perform quality control audits on the critical fields and daily functions performed for setting up new loans on the system. Track and monitor the performance and accuracy of the loan setup process.
Perform audits of ARM loans in accordance with KBREC Procedures. Complete all necessary system updates.
Perform audits of scheduled vs. actual loan balances in accordance with KBREC Procedures. Complete all necessary system updates.
Create new ARM indices and update all existing ARM indices as needed.
Process ARM notices.
Interact with other departments within the company to facilitate the timely resolution of issues or challenges.
Work with individuals to gain consensus and momentum on projects. Work cooperatively with all levels within Key.
Monitor and measure projects to ensure that adherence to compliance requirements and critical risk areas are addressed. Continuously ensure that performance and risk standards are being appropriately managed and take corrective actions or make recommendations as needed.
Effectively liaison with other departments & management. Interact with other departments within the organization to facilitate timely resolution of real estate strategies, issues, and challenges.
Participate in projects. Be involved in projects lead by others as a contributing team member.
Perform data gathering and analyses when needed. Perform detailed analysis on assigned projects in support of established goals and objectives when appropriate.
Continuously drive process improvement focus to ensure effectiveness, efficiency and productivity. Identify and propose projects to enhance operating quality, efficiency and service delivery.
Provide periodic reports to management concerning project progress and risk impact.
Follow up on project completion to determine if project objectives were realized.
Ensure corporate and compliance requirements are met as needed, including internal & external audits.
Review System-generated edits and perform quality control processes on the correction of any errors in order to maintain accuracy of all vital information for every new loan.
Assist the department manager with tasks related to servicing acquisitions and the Portfolio Services – Warehouse. Consult and follow-up with previous servicers to establish timely flow of information and documentation to insure an accurate transfer of servicing responsibilities and documentation.
Interact with other departments within the organization to facilitate timely resolution of real estate strategies, issues, and challenges.
Conduct necessary follow-up with the appropriate source, whether internal or external to obtain any missing documentation that may be necessary to complete the loan set up.
MARGINAL OR PERIPHERAL FUNCTIONS
Ensure all procedures are implemented and followed appropriately
Recommend revisions to policies and procedures, and at manager s discretion, incorporate subsequent changes into the department workflow
Assist department managers with special projects, as assigned
Four-year college degree and/or 5 years commercial real estate servicing experience
Successful performance within no less than 2 different areas of LSAM or equivalent experience
Overall knowledge of commercial underwriting
Knowledge of legal document review and interpretation
Demonstrated track record of successful project leadership and execution
Demonstrated ability to balance multiple, competing priorities
Strong analytical skills, including metrics, reporting and problem-solving
Excellent verbal, written and interpersonal communication skills and the ability to build productive working relationships at all levels of the organization
Ability to manage and prioritize multiple tasks in a fast-paced environment
Efficient in the use of word processing, spreadsheet, and email software, such as Microsoft Word, Excel and Outlook
No less than 2 years experience working with McCracken/Strategy loan servicing system
Background in real estate law, accounting/auditing, finance, commercial loan underwriting and/or loan servicing
Standard office equipment (phone, fax, copier, calculator)
- •On the job training, as required
FLSA STATUS: Exempt
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.