Truist Mortgage Lending Loan Servicing Accounting Analyst II in Greenville, South Carolina
Req ID: R0030836
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Regular or Temporary: Regular Language Fluency: English (Required) Work Shift: 1st shift (United States of America)
Please review the following job description:
Ensure timely and accurate investor reporting to investors and perform servicing oversight for Bank owned assets serviced by third parties. This function is highly regulated and complex with a focus on mitigating financial exposure to severe monetary and/or relationship penalties if deadlines are missed or reports are inaccurate. Think independently and have a thorough understanding of the industry and reporting requirements. Use independent judgment regularly and have a high degree of responsibility. Required to be analytical and deal with complex issues.
Essential Duties and Responsibilities:
The following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Review, research and understand servicing agreements.
Prepare monthly trial balances and remittance reports for investors and trusts.
Facilitate the accurate and timely submission of reports, funds transfers, wires, and general ledger (GL) entries to investors and trusts as specified by the servicing agreement.
Strict adherence to the Agency and Private Investor Servicing Agreements, Regulation AB (asset-backed), Uniform Single Attestation Program (USAP) and other guidelines for timely and accurate reporting, remitting, and reconciling.
Run queries, reports and special projects.
Review processes and procedures and recommend new ones to management and other departments within the company to improve productivity and quality.
Perform an audit, analysis and comparison of remittance reports to trustee prepared reports, if applicable, and ensure the proper and accurate identification and clearing of all variances.
Perform monthly reconciliation of GL and custodial bank account activity to loan servicing details or to remittance activity.
Work independently on projects and other assignments.
Troubleshoot any issues that arise which may have multiple variables that fall outside stipulated guidelines and work closely within the department and with other BB&T departments to ensure prompt and accurate resolution.
Responsible for contributions towards achieving high audit scores on reviews performed by agencies, internal and external auditors.
Respond to investor inquiries and perform research.
Assist with external and internal audit responses.
Participate in testing of servicing system upgrades/releases.
Assist in the setup of the servicing system to ensure all investor loans report accurately and maintain loan level accuracy on servicing system and deliver superior ratings from agencies on a monthly basis.
Assist in the performance of servicing oversight of servicer reports; request revisions as required; monitor compliance of other aspects of the Sub-Servicing Agreements; and maintain the servicer reporting system.
Act as a resource to the team in the absence of the Investor Reporting/Accounting Unit Leader.
Monitor regulatory and investor/insurer guideline changes. Required Skills and Competencies:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor’s degree, or equivalent education and related training
Three years of experience in banking, finance, accounting, economics, operations or equivalent
Ability to handle multiple priorities/projects effectively while working in a dynamic environment
Basic knowledge of agency and government-sponsored enterprise (GSE) specific rules for Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), Government National Mortgage Association (GNMA), Veterans Affairs (VA), Federal Housing Administration (FHA) and private investors
Ability to quickly grasp complex concepts; articulate clearly, make logical decisions and resolve issues
Ability to work collaboratively and interact with team members
Analytical, planning and organizational skills, and attention to detail
Good decision-making and verbal skills
Ability to apply basic accounting functions related to GL transactions and entries and entry clearing to investor reporting
Demonstrated ability to listen, ask questions and comprehend new or complex matters
Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Ability to travel, occasionally overnight Desired Skills:
Bachelor’s degree in Accounting, Finance, Mathematics, Economics or equivalent
Four years of experience in banking, finance, accounting, economics, operations or equivalent
Two years of investor accounting and reporting experience (e.g. advanced knowledge and understanding of investor accounting, reporting and remitting concepts)
Proficient in the use of the Microsoft Access database applications as a calculation and analysis tool
Proficient in the use of Lender Processing Services (LPS) Mortgage Servicing Platform (MSP) servicing system Truist supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Drug Free Workplace. Thank you for your interest in Truist! BB&T and SunTrust have come together in a transformational merger of equals to create Truist, the premier financial organization in the country. You may notice references to our legacy company names, BB&T and SunTrust, in places throughout this site. All such references should be understood to refer to Truist moving forward while we continue to transition to the Truist name. EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify
Thank you for your interest in Truist! BB&T and SunTrust have come together in a transformational merger of equals to create Truist, the premier financial organization in the country. You may notice references to our legacy company names, BB&T and SunTrust, in places throughout this site. All such references should be understood to refer to Truist moving forward while we continue to transition to the Truist name.
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