Job Description
Hiring Range: $19.33 - $28.95
The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.
The role involves managing and reconciling payroll and employee benefit entries, maintaining records of loans, and handling loan-related inquiries and transactions. Candidates should have strong Excel skills, a good understanding of GAAP, and experience, preferably in mortgage or banking. A bachelor’s degree and relevant experience are required. The position demands attention to detail, adaptability in a fast-paced environment, and effective communication skills.
ESSENTIAL DUTIES
- Maintain and update records for Loans Held for Investment (LHFI) and Non-Performing Loans.
- Track accounts receivable and follow up on aged items in monthly servicing meetings
- Calculate and record interest for LHFI and Loans Held for Sale portfolios.
- Serve as primary contact for LoanCare (subservicer) inquiries and prepare related entries.
- Reconcile Loans Held for Investment (LHFI) portfolio to LoanCare
- Manage loan-related transactions including buyouts, repurchases, payments and modifications.
- Reconcile assigned balance sheet accounts and upload them to Frontier.
- Prepare month end accruals.
- Manage daily cash reconciliations and transfers.
- Approve wire transfers and process remote deposits and accounting mail.
- Assist the team in month end account fluctuation analysis.
- Provide backup for accounts payable and manual check processing.
- Prepare and file annual 1099 reports with state and federal agencies.
- Support timely and accurate monthly, quarterly, and year-end close processes.
- Perform additional duties as assigned.
KNOWLEDGE, SKILLS AND ABILITIES:
- Highly skilled in dealing with financial and numerical data.
- Proficient in Excel.
- Strong knowledge of GAAP and ability to research, interpret and administer accounting rules.
- Working knowledge of financial accounting systems, LOS and compensation systems. Preferably Oracle and Ice Mortgage – Encompass.
- Prior accounting experience in the mortgage or banking industry preferred.
- Loan Servicing knowledge.
- Reconciliation knowledge.
- Ability to adapt to change and function effectively in a fast-paced, team environment.
- Excellent communication skills, verbal and written.
- Highly driven with a strong attention to details to ensure timely and accurate reporting.
EDUCATION:
- Bachelor’s Degree in Accounting
- Minimum two years of related work experience
- Prior audit experience is preferred
At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.
Eastern Bank is an equal opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability.
At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you’re excited about this role but your experience doesn’t fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.
