Financial Systems Analyst I in Overland Park, KS at Key Bank- Corporate

Date Posted: 9/12/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    11501 Outlook Street
    Overland Park, KS
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    9/12/2018

Job Description

ABOUT THE JOB

Under the direction of the department Manager the person in this position is responsible for activities related to and not exclusive of loading loans, deconverting loans, ARM loan audit, audits of scheduled vs. actual loan balances, creating/updating ARM indices, processing ARM notices, performing system maintenance on loans that have been assumed, modified, etc. Candidate will also be responsible for participating in projects, driving development of action items and ensuring execution of project plans. The person in this position is responsible for acting in the most timely, efficient and responsible manner to protect the interest of the lender/investors pursuant to servicing their loans. The incumbent will work closely with all functions, be responsible for ensuring alignment of projects to business strategy, and that effective communications and work flows are achieved. Candidate will also provide assistance to the managers overseeing the new loan setup and loan research functions. Candidate will comply with all regulatory, investor guidelines and internal policies/procedures.

ESSENTIAL JOB FUNCTIONS

  • Perform system updates in regards to all loan transactions (i.e. assumptions, modifications, waivers, partial releases, etc.).
  • Consult and follow up with the Account Manager, as needed, to confirm the intent of the loan documents and the appropriate system set-up.
  • Establish the timely flow of information and documentation to ensure timely and orderly system updates.
  • Input loan data into the servicing systems, either through document interpretation & manual entry or through a bulk upload utilizing the New Loan Setup Utility.
  • Organize and perform quality control audits on the critical fields and daily functions performed for setting up new loans on the system. Track and monitor the performance and accuracy of the loan setup process.
  • Perform audits of ARM loans in accordance with KBREC Procedures. Complete all necessary system updates.
  • Perform audits of scheduled vs. actual loan balances in accordance with KBREC Procedures. Complete all necessary system updates.
  • Create new ARM indices and update all existing ARM indices as needed.
  • Process ARM notices.
  • Interact with other departments within the company to facilitate the timely resolution of issues or challenges.
  • Work with individuals to gain consensus and momentum on projects.
  • Work cooperatively with all levels within Key.
  • Monitor and measure projects to ensure that adherence to compliance requirements and critical risk areas are addressed.
  • Continuously ensure that performance and risk standards are being appropriately managed and take corrective actions or make recommendations as needed.
  • Effectively liaison with other departments & management. Interact with other departments within the organization to facilitate timely resolution of real estate strategies, issues, and challenges.
  • Participate in projects. Be involved in projects lead by others as a contributing team member.
  • Perform data gathering and analyses when needed.
  • Perform detailed analysis on assigned projects in support of established goals and objectives when appropriate.
  • Continuously drive process improvement focus to ensure effectiveness, efficiency and productivity.
  • Identify and propose projects to enhance operating quality, efficiency and service delivery.
  • Provide periodic reports to management concerning project progress and risk impact.
  • Follow up on project completion to determine if project objectives were realized.
  • Ensure corporate and compliance requirements are met as needed, including internal & external audits.
  • Review System-generated edits and perform quality control processes on the correction of any errors in order to maintain accuracy of all vital information for every new loan.
  • Assist the department manager with tasks related to servicing acquisitions and the Portfolio Services – Warehouse. Consult and follow-up with previous servicers to establish timely flow of information and documentation to insure an accurate transfer of servicing responsibilities and documentation.
  • Interact with other departments within the organization to facilitate timely resolution of real estate strategies, issues, and challenges.
  • Conduct necessary follow-up with the appropriate source, whether internal or external to obtain any missing documentation that may be necessary to complete the loan set up.
  • Act as an administrator for borrower/investor website access, which can involve monitoring incoming requests, following up with borrower/investor/account manager for any missing information, granting/denying access and troubleshooting access issues.

MARGINAL OR PERIPHERAL FUNCTIONS

  • Ensure all procedures are implemented and followed appropriately
  • Recommend revisions to policies and procedures, and at manager’s discretion, incorporate subsequent changes into the department workflow
  • Assist department managers with special projects, as assigned

REQUIRED QUALIFICATIONS

  • Four-year college degree and/or 5 years commercial real estate servicing experience
  • Successful performance within no less than 2 different areas of LSAM or equivalent experience
  • Overall knowledge of commercial underwriting
  • Knowledge of legal document review and interpretation
  • Demonstrated track record of successful project leadership and execution
  • Demonstrated ability to balance multiple, competing priorities
  • Strong analytical skills, including metrics, reporting and problem-solving
  • Excellent verbal, written and interpersonal communication skills and the ability to build productive working relationships at all levels of the organization
  • Ability to manage and prioritize multiple tasks in a fast-paced environment
  • Efficient in the use of word processing, spreadsheet, and email software, such as Microsoft Word, Excel and Outlook

PREFERRED QUALIFICATIONS

  • No less than 2 years experience working with McCracken/Strategy loan servicing system
  • Background in real estate law, accounting/auditing, finance, commercial loan underwriting and/or loan servicing

EQUIPMENT USED

  • Personal Computer
  • Standard office equipment (phone, fax, copier, calculator)

TRAINING REQUIRED

  • On the job training, as required

JOB LOCATION

  • Key Commercial Mortgage – Overland Park, KS


ABOUT KEY:
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

ABOUT THE BUSINESS:
Key Community Bank serves individuals and small to midsized businesses from Maine to Alaska through our 15-state network of over 1,200 branches, 1,500 ATMs, telephone banking and robust online and mobile platforms. KeyBank’s Consumer/Business Banking segment provides consumers and small business owners with straightforward banking solutions and personal finance expertise that helps them make confident financial decisions today and plan for tomorrow. Key Private Bank offers wealth planning that follows a consistent, disciplined approach guided by objective advice based on each unique situation. KeyBank Commercial Bank offers midsize business financial services that drive growth and profitability and help business owners identify new opportunities with products and services including deposit, cash management, investment services, commercial lending, equipment leasing, and asset-based lending.

FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 31616BR

CHECK OUT OUR SIMILAR JOBS

  1. Business Analyst Jobs
  2. Systems Analyst Jobs

Not Ready to Apply?

Joining our Talent Network will enhance your job search and application process. Whether you choose to apply or just leave your information, we look forward to staying connected with you.