Investor Accounting Specialist - Mortgage Servicing

Investor Accounting Specialist – Mortgage Servicing

Mechanics Bank is currently searching for an Investor Accounting Specialist – Mortgage Servicing to join our team. This role will be working on-site. The Investor Accounting Specialist – Mortgage Servicing role supports the Loan Servicing function and is responsible for meeting investor reporting, remitting and reconciliation requirements as well as internal and external audit requests. The Investor Accounting Specialist works with the requirements of the three major investors (Fannie Mae, Ginnie Mae, and Freddie Mac) and various miscellaneous and private investors, while providing a high level of service to all internal and external customers and investors.

This position is well-suited for someone with banking or financial services experience, including but not limited to mortgage servicing, investor reporting, investor accounting, loan origination, or mortgage servicing. Candidates with transferable banking experience and a strong aptitude for accounting, reconciliation, and detailed processes are encouraged to apply.

What You Will Do:

• Responsible for accurate and timely reporting and remittance to investors. Number of investors and type of investors may change periodically. This includes assigning investor numbers, setting up headers, preparing appropriate investor reports, reconciling investor cutoff clearing exceptions, and wiring, depositing, or mailing remittance funds to investors.
• Complete corporate and custodial bank account reconciliations each month. Include documentation to support differences, reconciling items and adjustments in addition to pre-escheatment processes for stale dated checks.
• Interpret, implement and document new procedures from ICE/BKFS, regulatory agencies or investors.
• Know and be able to perform functions relating to repurchases, buyouts, interest credits, investor changes, set up and deletion of bank accounts, annual statements and financials, as well as general day-to-day interaction with the investors, their agents or contractors for the investors.
• Perform other duties as assigned.

Who You Are:

• High School or GED required.
• 3 years minimum Mortgage Loan Servicing or Investor Accounting experience, or related experience required.
• Experience and familiarity with BKFS or similar Service Bureau Accounting system.
• Excellent communication skills: verbal and written. Ability to compose and type professional business letters.
• Excellent attention to accuracy and detail; aptitude for recognizing and resolving potential problem situations.
• Strong problem solving and organizational skills.
• Be able to work easily with established cut-off dates, adhere to strict deadlines and work under pressure.
• Take direction well, listen, be a quick learner, ask questions, and take constructive suggestions.

ADA Requirements:

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.
• The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.
• The employee must occasionally lift and/or move up to 10 pounds.
• Specific vision abilities required by this job include close vision.
• The noise level in the work environment is usually moderate.

Pay Range: $23.10 - $36.63 hourly AIP Bonus up to 5%

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire. Benefits package includes:

• Medical, prescription, dental, and vision coverage for employees and their…