Commercial Loan Financial Processing Coordinator Sr

Hicksville, NY, United States - Corporate/Back-Office - Posted Nov 22, 2019
Requisition Number: 190000WZ

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A Loan Financial Processing Coordinator Senior works under limited supervision to perform complex loan financial processing functions. Applies and balances payments to loan servicing system, completes loan payoff transactions inclusive of borrower refunds, and researches rejected payments as required for the commercial loan portfolio. Oversees the reconciliation of the Payment Suspense, Real Estate Insurance Claim Suspense, and General Ledgers daily. Researches rejected payments and completes Branch Capture reporting. Performs independently, and provides training for entry level and level II team members. Exhibits strong competency in all functions of a Financial Processing Coordinator I & II and overall commercial loan servicing processes and procedures. Oversees insurance claim processing inclusive of all customer interaction, and is responsible for issuance of loss payments.


Applies and balances payments to loan servicing system. Reviews remittances received by mail and segregates items requiring special handling. Researches discrepancies regarding loan bills and payment schedules. Completes loan payoff transactions and prepares refund checks as required. Prepares wires for Loan Advances and completes the financial processing once approved. Reconciles the Payment Suspense, Real Estate Insurance Claim Suspense, and NG Checks General Ledgers daily. Performs overdraft closeout transactions and initiates Autopay transactions as required. Performs Advance Loan Recovery transactions as required. Completes daily Branch Capture reporting. Ensures that Loan Rejects and Lockbox Rejects are reviewed and reapplied as necessary. Completes Deferred Cost transactions on loans as required. Exhibits strong competency in all functions of Financial Processing Coordinator I & II. Demonstrates strong understanding of core system and related closing industry knowledge. Performs daily tasks independently. Provides training for entry level and level II team members. As assigned, may perform certain supervisory responsibilities in manager's absence. Oversees insurance claim processing inclusive of all customer interaction, and is responsible for issuance of loss payments. Directs the processing of assumptions and payoffs for funds processing and billing record maintenance. Performs special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes Oxley compliance and adhere to internal control policies and procedures.


High School Diploma or equivalent. Bachelor's degree preferred in Finance or equivalent. Minimum five years of commercial loan servicing experience.


Excellent knowledge of loan documentation. General knowledge of accounting. Strong verbal and written communication skills. Strong mathematical skills. Strong organizational skills. Strong customer service skills. Ability to handle multiple tasks and meet deadlines. Ability to train and assist more junior level staff. Ability to work independently with minimal supervision. Computer literate with proficiency in the use of Microsoft Word and Excel.


Based in Westbury, NY, New York Community Bancorp, Inc. is the parent of a New York State-chartered bank - New York Community Bank. At September 30, 2019, the Company had assets of $52.5 billion, deposits of $31.6 billion, and stockholders' equity of $6.7 billion.

Our bank subsidiary features a divisional structure. New York Community Bank serves customers through 239 branches encompassing eight divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves.

Branch Out and help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

NYCB is an equal opportunity employer that prohibits discrimination in hiring or terms and conditions of employment on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information or any other classification protected by the federal, state, and local laws and ordinances.

This policy is applicable to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. When necessary, NYCB will reasonably accommodate employees and applicants with disabilities or with religious requirements necessitating accommodation.

In addition, NYCB complies with all applicable laws which govern nondiscrimination in employment in every location in which NYCB does business.

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