Rushmore Loan Management Services

  • Bank Reconciliation GSE, AVP

    Job Locations US-TX-Dallas
    Job ID
    2018-2599
    Category
    Loan Administration
    Type
    Regular Full-Time
    FLSA Status
    Exempt
  • Company Introduction

    Rushmore Loan Management Services is growing rapidly and expanding our team. We want YOU to be a part of it! If you are a top performer looking for a company that can provide opportunities to grow in your career, Rushmore is the place for you. We offer competitive salaries and a comprehensive benefit package with medical, dental and vision benefits effective Day 1 of employment.

    As a nationwide mortgage servicer licensed in all 50 states with nearly $50 billion in loans being serviced and growing, we offer a dynamic team environment, collaborative culture, and commitment to customer satisfaction.

    Overview

     

    POSITION SUMMARY:

    The AVP, Bank Reconciliation GSE position will be responsible for the management of the bank reconciliations related to Investor Accounting, which will include analysis and preparation of GSE custodial bank account reconciliations, wire transfer requests, corporate and escrow advance reconciliations, various general ledger account reconciliations, and certain day-to-day cash management functions. This position will also include oversight and approval of Bank Reconciliations completed by the offshore team.

    Responsibilities

    ESSENTIAL DUTIES AND RESPONSIBILITIES:

    • Approve all bank reconciliations of GSE portfolio.
    • Reconcile bank accounts and loan activity within required GSE and PSA guidelines including payment-clearing account.
    • Review and quality control of offshore team as well as any training sessions to reduce number of exceptions and new processes.
    • Research and resolve bank variances within required GSE and PSA guidelines.
    • Reconcile Corporate and Escrow Advances for subservicing relationships as well as monitoring MSR accounts.
    • Assist with Daily System Balancing to ensure out of balance conditions are identified, researched and resolved.
    • Ensure all data is analyzed and findings are communicated to appropriate parties.
    • Escheatment review process, tracking of letters and/or remittances to the states.
    • As needed, complete assigned special projects by Agency Servicing management team.
    • Coordinate any audit related to Cash, Special Loans, and GSE Investors to make sure all deliverables are met timely.
    • Perform other duties as assigned.

    Qualifications

    ESSENTIAL KNOWLEDGE & SKILLS:

    • Knowledge of completing GSE and non-GSE Bank Reconciliation Forms
    • Knowledge of MSP cash reconciliation workstations
    • Knowledge of Loan Servicing/Investor Accounting/Cash Management
    • Team player with excellent written and verbal communication skills
    • Strong analytical and resolution skills
    • Proficiency with researching loan-level information in MSP
    • Basic general accounting skills and knowledge of GAAP

     

    EDUCATION AND/OR EXPERIENCE:

    • High School Diploma required
    • Bachelor’s degree in accounting or finance (or equivalent experience) preferred
    • Seven (+) years’ experience in a loan servicing accounting/finance department
    • Seven (+) years’ experience with GSE Custodial Bank Reconciliations
    • Five (+) years’ management experience
    • MSP cash flow experience required

     

    MACHINES, OFFICE EQUIPMENT & SOFTWARE:

    • Proficient with Microsoft Office applications
    • Excellent PC skills with strong focus in MSP and GSE Servicing Applications

     

     

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