Stillwater Professional Park18 Penn Plaza, Suite 24ABangor, ME 04401207.217.6580

Banking & Finance

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Investor Reporting Specialist in Augusta, ME
Full-time, Contract to Hire opportunity with our client, a well-known and respected non-profit organization!

Primary duties:
The Investor Reporting Specialist is responsible for administering financial servicing functions and loan purchasing for our clients' loan portfolios. This position also prepares technical reports, provides assistance to the Loan Operations Manager, and serves as a loan servicing resource.

~Perform activities associated with the reconciliation of loan portfolios
*Reconcile borrower loan payment remittances from servicer
*Analyze and research variances
*Reconcile cash remitted weekly to the monthly billing record of each servicer
*Generate and disburse monthly billing records to servicers

~Process loan and special assets payment receipts
*Verify wire remittances to transaction records and resolve payment discrepancies
*Verify interest calculations, prepayments, and payoff amounts due
*Log cash receipts received from third parties for real estate owned properties, foreclosed properties acquired by others, and pre-foreclosure sales

~Prepare billing records, cash transfer reports, month-end activity reports, program and performance reports, risk management reports, and various other reports used by the Board of Directors, Bond Rating Agencies, Auditors and Agencies staff
*Perform activities associated with the purchase and set up of new loans
*Verify accuracy of purchase data transmitted from loan departments
*Set loan up in the servicing system and perform quality control review to ensure accuracy
*Produce wire transfer records and applicable reports
*Prepare and distribute purchase reports to loan departments, originators and servicers

~Review and recommend required adjustments for loan modifications
*Prepare new amortization schedule
*Verify capitalized amount, interest rate, and maturity date reconcile to the new loan balance
*Make appropriate system adjustments

~Maintain and update manuals and processing guides as applicable

~Other duties as assigned
~Experience with financial reconciliation and report preparation
~Working knowledge of loan servicing platforms; loan instruments, and servicing procedures
~Excellent customer service skills
~Strong computer (Intermediate MS Excel), financial acumen and analytical skills
~Accuracy and attention to detail; ability to proof read, edit and make corrections
~Ability to understand and follow both written and oral instructions
~HS Diploma or equivalent
~Mature work ethic