Sr. Bank Reconciliation Analyst

Position Overview

• Location Type: [Not Specified]
• Job Type: Full-time
• Salary: [Not Specified]

Selene Holdings is a multi-line financial services firm with diverse business units including mortgage servicing, loan diligence, title services, insurance brokerage, and real estate owned properties. With office locations in Dallas, TX, Jacksonville, FL, and Salt Lake City, UT, Selene was founded in 2007 to address specific needs within the mortgage industry, focusing on delivering exceptional client and borrower experiences. We seek employees who possess a positive attitude, proven creative thinking, and proactive actions. Selene is an ideal environment for individuals aiming to make a significant impact.

The Senior Bank Reconciliation Analyst is responsible for ensuring Selene's compliance with all investor, agency, and regulatory requirements (RegAB & USAP) concerning the reconciliation and resolution of outstanding items for designated bank accounts. This role also ensures adherence to GAAP, company finance policies, and Sarbanes-Oxley requirements. The position demands a motivated self-starter capable of evaluating processes and identifying opportunities for improvements, enhancements, and automation.

Requirements

• High school diploma or GED required.
• Bachelor's degree in a related field or equivalent experience preferred.
• Minimum of 2 years of experience with payment & disbursement clearing account reconciliation, P&I T&I, and bank reconciliations.

Responsibilities

• Ensure all reconciliation functions comply with company, investor, and regulatory guidelines.
• Perform reconciliations for various accounts, including PI & TI custodial accounts for investors such as FNMA, FHLMC, GNMA, Private MBS, or Special Servicing.
• Reconcile Payment & Disbursement Clearing Accounts, ensuring prompt clearing of outages and facilitating effective process deficiency resolution.
• Prepare complex reconciliations and perform cash testing.
• Ensure strict adherence to Agency and Private Investor Servicing Agreements, Regulation AB, USAP, and other guidelines for timely and accurate reconciliation.
• Assure reconciliation of accounts within 30 calendar days and clearance of items within 30 days of identification.
• Stay current with the latest bank reconciliation requirements and changes.
• Ensure timely reconciliation and resolution of aged items in assigned bank accounts.
• Maintain proper internal controls to prevent potential fraud and misallocation of funds.
• Ensure compliance with controls and policies/procedures for the area of responsibility.
• Develop department process flows and identify/remediate potential process gaps.
• Act as a liaison between departments, IT, and/or vendors for process issues and system enhancements.
• Facilitate and execute ad-hoc reporting specific to Bank Reconciliations.
• Manage the remediation of outstanding reconciling items, ensuring timely and accurate corrective application.
• Assist in developing and maintaining testing validation documentation for Bank Reconciliation process and system enhancements.
• Retrieve Bank Reconciliation KPI analytics using MSP Passport and Monarch reporting tools.
• Partner with internal and external business partners to perform Bank Reconciliation functions.
• Assist with managing vendor and investor relationships.
• Execute other assigned duties.

Company Information

Selene Holdings is a multiple-lines business financial services firm with a mortgage servicing company, a loan diligence company, a title company, an insurance brokerage, and a real estate owned company. We have office locations in Dallas, TX, Jacksonville, FL, and Salt Lake City, UT. Founded in 2007 to address needs in the mortgage industry, Selene strives to provide amazing client and borrower experiences. A positive attitude coupled with proven creative thinking and actions are all attributes we seek in every one of our employees. If you want to make a difference, then Selene is the place for you!