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Escrow Tax Clerk

Job in Wayne - Passaic County - NJ New Jersey - USA , 07470
Company: Valley National Bancorp
Contract position
Listed on 2021-03-16
Job specializations:
  • Finance
    Loan Servicing
  • Accounting
    Staff Accountant
Job Description & How to Apply Below
The Escrow Tax Clerk, under close supervision, will disburse real estate tax payments on all escrowed accounts. Prepare checks and/or wires to insurance agencies and municipalities as required to facilitate timely payment of taxes and insurance premiums. Work with other bank employees, taxing authorities, borrowers, Corelogic and Lereta to provide quality customer service. Cross-train on closing statements, payoffs, GL reconciliations, risk rating input and involvement in special projects, as needed.

Responsibilities include but are not limited to:

* Update real estate tax and insurance information on loan records in Miser as tax bills become available.
* Process escrow disbursements on Miser loan records. Reconcile and remit tax payments to municipalities and premium payments to insurance companies via wire or check.
* Review weekly open item reports and contact the taxing authorities to obtain the amount due on accounts that Bank has not received disbursements listings or bills on. All open items are to be paid manually to ensure prompt payment and avoid any penalty for late payments.
* Research delinquent status for non-escrow accounts, if applicable. Work with borrowers and lenders to obtain proof of payment as applicable.
* Maintain full compliance with all regulatory requirements and the Bank's Policy and Procedures.
* Cross-train with other department members involving closing statements, payoff statements, risk rating input, GL reconciliation and other projects, as requested.

Required Skills:

* Basic computer skills including Excel, Word and email.
* General office skills including typing checks, scanning, copying, faxing, and telephone skills.
* Basic knowledge of accounting sufficient to allow for completing tax remittances.
* Ability to identify and sort various loan documents, tax bills, and insurance bills.
* Ability to prioritize and handle multiple tasks simultaneously.
* Ability to ask questions and seek answers.
* Ability to work independently and within a team setting.

Required Experience:

* High school diploma or GED and minimum of one-year of related experience in a financial services organization.
* Completion of college level courses in business administration and/or Associate's degree, commercial real estate and/or tax experience preferred.
Position Requirements
Less than 1 Year work experience
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