Sr. Investor Accounting Specialist in Buffalo, NY at Key Bank- Corporate

Date Posted: 5/16/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    4224 Ridge Lea Road
    Buffalo, NY
  • Job Type:
    Admin - Clerical
  • Experience:
    Not Specified
  • Date Posted:
    5/16/2018
  • Job ID:
    29312BR

Job Description

ABOUT THE JOB (JOB BRIEF):
Responsible for overseeing reporting / accounting functions for assigned portfolios of loans serviced by Key Bank for Fanniemae, Freddiemac, other private investors and/or the functions related to the loans sold on a service released basis. Complete all aspects of the day-to-day management of reporting and accounting for our more complex, larger investor portfolios with minimal supervision. Responsibilities include acting as the primary reporting and remittance liasion for the assigned portfolios, ensuring all accounting and remittance requirements, are completed timely and accurately. Develop and maintain a detailed understanding of mortgage system and Investor requirements and capabilities associated with assigned investors. Perform other duties and assignments as required.

ESSENTIAL JOB FUNCTIONS:
• Monitor daily / monthly reporting to Fannie Mae, Freddie Mac, and private investors, as assigned.
• Prepare required periodic investor remittances accurately and timely; ensuring all such remittances are completed in accordance with investor requirements and no late reporting penalties are incurred.
• Perform monthly custodial bank account and general ledger account reconciliations as required by bank and investor guidelines.
• Ensure appropriate coordination amongst loan servicing and other investor related functions which impact Investor reporting/remittances are completed timely and accurately, and comply with investor requirements.
• Assist in developing and maintaining detailed process documents and procedures, as necessary, for assigned functions.
• Develop and maintain a strong working knowledge of Key Bank’s mortgage servicing and financial systems.
• Develop and maintain a strong working knowledge of applicable investor systems and their reporting and accounting methodologies.
• Complete accounting processes and entries associated with Secondary Marketing Loan Sales, ensuring all entries completed timely and accurately.
• Complete all post sale processes related to loans sold on a service release basis. Such processes would include sale accounting entries, borrower and third party correspondence, loan servicing system updates/transactions, and working with purchaser to resolve any/all items related to such sales.
• Perform other assignments/projects as requested by management.
• Support Department training and cross-training initiatives and assume support role for other team member’s investor portfolios, as needed. Oversee the activities of Investor Reporting Specialists as assigned.
• Serve as mentor and share expertise and experience with fellow members of the Investor Reporting team and be willing to assume departmental leadership role in manager’s absence.
• Must adhere to pertinent laws, regulations, Key’s Compliance Policy and external compliance requirements.

REQUIRED QUALIFICATIONS:
• Bachelor’s degree in Accounting, three to five years mortgage experience, or 2+ years mortgage accounting experience
• Ability to adapt quickly and succeed in a fast paced and dynamic environment
• Goal-oriented and able to work independently to achieve results
• Strong computer skills related to EXCEL, ACCESS, and WORD
• Strong verbal & written communication skills
• Strong judgment and decision-making skills
• Strong time management and organization skills
• Effective collaboration and facilitation skills
• Experience with Key Bank mortgage servicing and financial systems preferred.



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:
KeyBank has administrative services in place that help support the business. These include: Finance, Human Resources, Legal, and Marketing. KeyBank’s Corporate Center supports strategic initiatives through multiple teams which provide distinctly different, yet interrelated, disciplines for the KeyBank Leadership team and its business groups. The Corporate Center protects and enhances Key’s brand through thoughtful and deliberate messaging and responsible banking. Our proactive approach and significant expertise engage both internal and external constituents – employees, clients, shareholders, investors, regulators, legislators, community advocates – by adding value, positively influencing their perceptions, and instilling a sense of confidence in Key.

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: 29312BR