KeyBank Loan Accounting Analyst - Internal Accounting in Overland Park, Kansas
Loan Accounting Analyst - Internal AccountinginOverland Park, KSatKeyBank
Date Posted: 2/13/2021
Employee Type: Full-Time
Location: 11501 Outlook Street Overland Park, KS
Date Posted: 2/13/2021
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.
Under the direction of the Internal Accounting Manager, the person will be part of the team whose responsible are to setup and monitor PAT loans, reconcile various daily bank accounts, process daily work log files – Internal transfers, ACH, & Wires; process daily wire files; setup, monitor and administer Energy transactions and various other tasks as dictated by the department head.
ESSENTIAL JOB FUNCTIONS
Daily processing of book transfers, ACH s and wire transfers from RECWeb Work log for various departments under multiple deadlines and constraints.
Daily processing of internal money movements associated with voided checks, payment reversals and other like activity of the servicing portfolio.
Pre-Authorized Transfer (PAT) setup and ongoing maintenance related to payment activity.
Assist in the timely processing and funding of New Loans while working closely with closers to ensure funds are processed accurately.
Daily balancing activity to insure cash and system processing equal prior to dayend cycling.
Manage interaction with Corporate Accounting on issues concerning the General Ledger.
Daily balancing of all incoming receipt accounts to insure proper resolution of unidentified recon items. Escalate stale recon items timely for resolution.
Daily balancing of all outgoing disbursement accounts to insure proper resolution of unidentified recon items. Escalate stale recon items timely for resolution.
Daily balancing of other clearing accounts, including NSF Account, CoreLogic/SLK Account, Cash Management Clearing, RESI Flood, and others as required.
Daily, weekly and monthly reconciliations of various collection, escrow and reserve accounts.
Daily monitoring of outstanding check register, clearing stale dated checks in a timely fashion.
Interact with Corporate Accounting on issues concerning the General Ledger.
Review legal agreements to identify intended role and establishment of bank accounts per project.
Process daily, weekly and monthly reconciliations of various energy bank accounts.
Process monthly, quarterly and “upon request withdrawl requests per project via the RECWeb Work log process.
Provide quality and timely responses to all Internal Accounting customers (senior management, account managers, lenders, legal counsel, external banks, borrowers, title companies, etc.)
MARGINAL OR PERIPHERAL FUNCTIONS
Assist other Internal Accounting Departments as required.
Assist peers in reconcilement issues/questions as requested.
Participate in special projects as needed; i.e. participate in the testing phase of upgrades, enhancements to the system, and audits
Strong knowledge of Borrower Ownership structures
B.S. in Accounting, Finance or related business field and/or comparable experience or 5 years relevant job experience in banking/account/commercial mortgage servicing
Excellent written/verbal communication skills, as well as a high degree of analytical skills.
Excellent organizational skills, with ability to efficiently handle multiple tasks and deadlines.
Demonstrated organization, prioritization/detail-orientation skills
Demonstrated ability to work independently with minimal supervision.
Paralegal training, law degree and/or LPO license preferred
Team oriented and flexible
Personal Laptop Computer with Dual Monitors
Standard office equipment (fax machine, phone calculator, printer/scanner/copier)
Designated continuing education and related courses throughout the year (30 hours minimum annually)
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.