Tax Specialist in Overland Park, KS at Key Bank- Corporate

Date Posted: 2/10/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    11501 Outlook Street
    Overland Park, KS
  • Job Type:
    Banking
  • Experience:
    Not Specified
  • Date Posted:
    2/10/2018
  • Job ID:
    26898BR

Job Description

ABOUT THE JOB
Under the direction of the department manager, the person in this position is responsible for acting in the most timely, efficient and responsible manner to protect the interest of the investors pursuant to the mortgages serviced for them. The duties specifically relate to all property tax matters. (There can be serious and substantial losses incurred by either the investor or KeyBank if tax penalties are assessed by taxing authorities due to incorrect or untimely payment of property taxes.) This is accomplished within the parameters of individual investor guides, Pooling and Servicing Agreements, applicable law and the mortgage documents.

ESSENTIAL JOB FUNCTIONS
For Your Assigned Portfolio:
  • Review, analyze and interpret all types of property taxes for commercial loans to ensure compliance with the loan documents, investor requirements and internal policies and procedures.
  • Correspond, either verbally or in writing, as necessary with borrowers, account managers, tax service and taxing authorities to resolve any issues or discrepancies related to property taxes.
  • Process weekly uploads of tax information from our tax service. Manage and ensure the data contained in the servicing system is updated to reflect the current status regarding tax payment due dates and amounts.
  • Monitor and manage the disbursement of payment of all property taxes for the commercial mortgage loans for which there are escrow funds being held.
  • Monitor and collect the necessary documentation to determine that all non-escrowed loans have paid all property taxes.
  • Administer all customer inquiries and requests that relate to property taxes.
  • Assist with servicing acquisition related tasks.
  • Assist the department manager with other duties as assigned.
  • Act as resources to other department members and internal/external customers.
  • Review loan documents to gain an understanding of all aspects of the loan.
  • Input and/or audit all data that is required to the servicing system as it relates to the loans.
  • Monitor and take action necessary to collect of all escrow shortage payments required under the loan documents.
REQUIRED QUALIFICATIONS
  • Excellent verbal and written communication skills, as well as a high degree of analytical ability
  • Knowledge and understanding of commercial property taxes
  • Excellent organizational skills, efficiently handling multiple tasks and deadlines
  • Ability to work in a team environment and motivate others
  • Ability to be flexible and manage change
PREFERRED QUALIFICATIONS
  • Experience in commercial loan servicing and interpretation of loan documents
  • Preferred four-year college degree and/or three years commercial property tax experience
  • Experience with McCracken/Strategy loan servicing system.
  • Efficient in the use of word processing and spreadsheet software, such as Word and Excel
  • Analyze issues and seek to improve and simplify work processes.
  • Strong interpersonal skills and professional conduct
EQUIPMENT USED
Standard office equipment (phone, fax, copier, calculator)

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 Corporate Bank is a full-service corporate and investment bank serving the needs of mid- to large- sized businesses and focusing principally on middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector, and real estate.

FLSA STATUS:Non-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: 26898BR

CHECK OUT OUR SIMILAR JOBS

  1. Business Manager Jobs
  2. Finance Manager Jobs