Senior Bank Reconciliation Analyst

Position Summary:

The Senior Bank Reconciliation Analyst is responsible for managing and executing all aspects of Selene’s compliance with investor, agency, regulatory (RegAB & USAP) requirements for the reconciliation and clearing of outstanding reconciling items for assigned bank accounts. Ensure GAAP, company finance policies, Sarbanes-Oxley requirements are adhered to and met. Position requires a motivated self-starter able to evaluate processes and identify opportunities for improvements, enhancements and automation as applicable.

Essential Duties and Responsibilities : include the following. Other duties may be assigned.

• Ensure all reconciliation functions are performed in compliance with company, investor and/or regulatory guidelines.

• Reconciliations of various accounts such as PI & TI custodial accounts for investors which could include FNMA, FHLMC, GNMA, Private MBS or Special Servicing.

• Reconciliation of the Payment & Disbursement Clearing Accounts and ensure the prompt clearing of outages and facilitation of effective process deficiencies.

• Prepare the more complex reconciliations and test of cash.

• Ensures strict adherence to the Agency and Private Investor Servicing Agreements, Regulation AB, USAP and other guidelines for timely and accurate reconciling.

• Assures reconciliation of accounts within 30 calendar- days clearance and reconciliation of items within 30 days from the point of identification.

• Routinely keeps abreast of latest relevant bank reconciliation, requirement changes.

• Ensure the timely reconciliation and resolution of appropriately aged items in assigned bank accounts.

• Ensure that proper internal controls exist and are applied consistently to prevent potential fraud and misallocation of funds.

• Compliance with controls and policy/procedures for area of responsibility.

• Develop department process flows while identifying and remediating on any potential process gaps.

• Act as liaison between departments, IT and/or vendors related to process issues and/or system enhancements.

• Responsible for facilitation and execution of ad-hoc reporting specific to Bank Reconciliations.

• Manage remediation of outstanding reconciling items ensure corrective application occurs timely and accurately.

• Help develop and maintain testing validation documentation for Bank Reconciliation’s process & system enhancements.

• Retrieve Bank Reconciliation KPI analytics using MSP Passport and Monarch reporting tools.

• Partner with internal and external business partners as applicable to perform Bank Reconciliation functions.

• Assist with the management of vendor and investor relationships.

• Execute on other duties, as assigned.

Qualifications: To perform this job successfully, an individual must be able to perform the following satisfactorily; other duties may be assigned. 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.

Qualifications desired for the Senior Bank Reconciliation Analyst are:

• Requires a high school diploma or general education degree (GED). Bachelor’s degree in related field or equivalent, preferred.

• Minimum 2 years of experience with payment & disbursement clearing account reconciliation; P&I T&I and bank reconciliation in mortgage servicing.

• Ability to successfully multi-task while working independently or within a group environment.

• Ability to thrive in high pressure, ambiguous, short turnaround time environment.

• Excellent verbal and written communication skills

• Superior analytical and research skills and able to synthesize data.

• Possess advanced MS Office Suite Skills (Excel, Word, PowerPoint, etc.)

• Proficient data retrieval skills using internal system tools, Data watch or Monarch experience; excel intermediate to advanced; run MSP passport, a plus.

• Solid organizational skills with demonstrated ability to prioritize workflow.

• Effectively interact with various departments, management, and vendor liaisons.

• Ability to identify, evaluate and promote new technologies based on appropriate needs for line of business.

• Possess excellent interpersonal skills, coupled with the ability to solicit, and understand the needs of both technical and non-technical users.

• Must be a strategic thinker with solid overall business and financial acumen who is able to work effectively and cooperatively with others at all levels and varying skillsets.

• Ability to execute on deliverables with limited to no management guidance.