[Remote] Loan Accounting Representative

Note: The job is a remote job and is open to candidates in USA. NewtekOne is a financial holding company that provides a wide range of business and financial solutions to the SMB market. They are seeking a Loan Accounting Representative to support the accounting and servicing functions of the loan portfolio, ensuring accurate processing of loan transactions and maintaining reconciliations.

Responsibilities

• Process daily deposits to multiple bank accounts
• Post daily cash receipts to the loan servicing system and reconcile transactions to the General Ledger
• Generate and submit NACHA ACH files for processing and perform associated reconciliations
• Post and remit loan payoff funds to investors as required
• Process weekly remittances to the SBA through Pay.gov as needed
• Post secondary market settlements within the loan servicing system
• Board new loans into the loan servicing system
• Process loan servicing transactions including deferments, note modifications, payoff quotes, and accrual status changes
• Prepare documentation required for guaranteed loan sales
• Reconcile loans and loan participations to ensure accurate accounting of serviced loans
• Maintain and reconcile Cash Balancing and Suspense worksheets to the General Ledger on a daily and monthly basis for various lending clients
• Assist with month-end closing processes for servicing clients
• Create and maintain management reports related to loan accounting and servicing activities
• Perform general office duties including mail sorting and forwarding, document filing, and maintaining organized records
• Provide operational support to ensure efficient loan accounting and servicing processes

Skills

• Prior experience in loan servicing, banking operations, or accounting
• Strong understanding of accounting principles and reconciliation processes
• Proficiency with Microsoft Excel and financial or loan servicing systems
• Strong attention to detail and organizational skills
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment
• Strong analytical and problem-solving skills
• Excellent attention to detail and accuracy
• Effective communication and teamwork abilities
• Strong organizational and time management skills
• Ability to handle confidential financial information with discretion
• Bachelor's degree in Accounting/Finance

Company Overview