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Accounting Reconciliation Analyst - Financial Business Support

Company: Bank of America
Location: Westlake Village
Posted on: January 16, 2022

Job Description:

Job Description:Responsible for development of financial reporting, analytics, and other information services systems to monitor results of servicing functions performed on Serviced for Others loans, asset loans and aggregate loan portfolios. Ensures accurate, efficient, and timely preparation of financial analysis for all loans within the servicing portfolio on a periodic or ad hoc basis for investors and/or corporate finance. This position carries great financial exposure and requires the ability to apply analytical skills and sound judgment, focusing on key areas of borrower impact, investor impact and corporate impact to ensure accurate management and administration of the portfolios.

  • Requires ability to read and understand legal contracts and government regulations to manage the collateral of the investor and ensure servicing organization compliance.
  • Handles more complex and varied levels of transactions requiring subject matter expertise in many facets of Loan Servicing and forensic accounting to resolve aged and complex transactional issues.
  • Acting as a lead in a small team of Analysts with less capacity in terms of knowledge, skills, and abilities in executing tasks to ensure reporting, remitting, and reconciling functions are met within guidelines of the division as well as regulatory agencies and investors
  • Providing operational instruction, follow up on situations and ensure bank policy is enforced
  • Communicating to immediate Unit Manager as necessary to support unit operations and resolve unit issues.
  • Performing related tasks as required. REQUIRED:
    • 3+ years of accounting and reconciliation experience (including discrepancy analysis and tracing)
    • Proficient in all MS Office applications
    • Excel skills & usage of complex formulas
    • Strong research and analytic skills
    • Strong financial analysis and data presentation skills
    • Consistent and effective communication skills, both written and verbaJob Band:H6Shift: -1st shift (United States of America)Hours Per Week:40Weekly Schedule:M-F 8-5Referral Bonus Amount:0 --> Job Description:Responsible for development of financial reporting, analytics, and other information services systems to monitor results of servicing functions performed on Serviced for Others loans, asset loans and aggregate loan portfolios. Ensures accurate, efficient, and timely preparation of financial analysis for all loans within the servicing portfolio on a periodic or ad hoc basis for investors and/or corporate finance. This position carries great financial exposure and requires the ability to apply analytical skills and sound judgment, focusing on key areas of borrower impact, investor impact and corporate impact to ensure accurate management and administration of the portfolios.
      • Requires ability to read and understand legal contracts and government regulations to manage the collateral of the investor and ensure servicing organization compliance.
      • Handles more complex and varied levels of transactions requiring subject matter expertise in many facets of Loan Servicing and forensic accounting to resolve aged and complex transactional issues.
      • Acting as a lead in a small team of Analysts with less capacity in terms of knowledge, skills, and abilities in executing tasks to ensure reporting, remitting, and reconciling functions are met within guidelines of the division as well as regulatory agencies and investors
      • Providing operational instruction, follow up on situations and ensure bank policy is enforced
      • Communicating to immediate Unit Manager as necessary to support unit operations and resolve unit issues.
      • Performing related tasks as required. REQUIRED:
        • 3+ years of accounting and reconciliation experience (including discrepancy analysis and tracing)
        • Proficient in all MS Office applications
        • Excel skills & usage of complex formulas
        • Strong research and analytic skills
        • Strong financial analysis and data presentation skills
        • Consistent and effective communication skills, both written and verbaJob Band:H6Shift: -1st shift (United States of America)Hours Per Week:40Weekly Schedule:M-F 8-5Referral Bonus Amount:0 Job Description: Responsible for development of financial reporting, analytics, and other information services systems to monitor results of servicing functions performed on Serviced for Others loans, asset loans and aggregate loan portfolios. Ensures accurate, efficient, and timely preparation of financial analysis for all loans within the servicing portfolio on a periodic or ad hoc basis for investors and/or corporate finance. This position carries great financial exposure and requires the ability to apply analytical skills and sound judgment, focusing on key areas of borrower impact, investor impact and corporate impact to ensure accurate management and administration of the portfolios.
          • Requires ability to read and understand legal contracts and government regulations to manage the collateral of the investor and ensure servicing organization compliance.
          • Handles more complex and varied levels of transactions requiring subject matter expertise in many facets of Loan Servicing and forensic accounting to resolve aged and complex transactional issues.
          • Acting as a lead in a small team of Analysts with less capacity in terms of knowledge, skills, and abilities in executing tasks to ensure reporting, remitting, and reconciling functions are met within guidelines of the division as well as regulatory agencies and investors
          • Providing operational instruction, follow up on situations and ensure bank policy is enforced
          • Communicating to immediate Unit Manager as necessary to support unit operations and resolve unit issues.
          • Performing related tasks as required. REQUIRED:
            • 3+ years of accounting and reconciliation experience (including discrepancy analysis and tracing)
            • Proficient in all MS Office applications
            • Excel skills & usage of complex formulas
            • Strong research and analytic skills
            • Strong financial analysis and data presentation skills
            • Consistent and effective communication skills, both written and verba Shift:1st shift (United States of America) Hours Per Week: -40

Keywords: Bank of America, Los Angeles , Accounting Reconciliation Analyst - Financial Business Support, Accounting, Auditing , Westlake Village, California

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