Sr. Bank Reconciliation Analyst

Position Overview

• Location Type: Not specified
• Job Type: Full time
• Salary: Not specified

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!

The Senior Bank Reconciliation Analyst is responsible for managing and executing all aspects of Selene’s compliance with investor, agency, regulatory (RegAB & USAP) requirements for the reconciliation and clearing of outstanding reconciling items for assigned bank accounts. Ensure GAAP, company finance policies, Sarbanes-Oxley requirements are adhered to and met. Position requires a motivated self-starter able to evaluate processes and identify opportunities for improvements, enhancements and automation as applicable.

Requirements

• Requires a high school diploma or general education degree (GED).
• Bachelor’s degree in related field or equivalent, preferred.
• Minimum 2 years of experience with payment & disbursement clearing account reconciliation; P&I T&I and bank re

Responsibilities

• Ensure all reconciliation functions are performed in compliance with company, investor and/or regulatory guidelines.
• Reconciliations of various accounts such as PI & TI custodial accounts for investors which could include FNMA, FHLMC, GNMA, Private MBS or Special Servicing.
• Reconciliation of the Payment & Disbursement Clearing Accounts and ensure the prompt clearing of outages and facilitation of effective process deficiencies.
• Prepare the more complex reconciliations and test of cash.
• Ensures strict adherence to the Agency and Private Investor Servicing Agreements, Regulation AB, USAP and other guidelines for timely and accurate reconciling.
• Assures reconciliation of accounts within 30 calendar- days clearance and reconciliation of items within 30 days from the point of identification.
• Routinely keeps abreast of latest relevant bank reconciliation, requirement changes.
• Ensure the timely reconciliation and resolution of appropriately aged items in assigned bank accounts.
• Ensure that proper internal controls exist and are applied consistently to prevent potential fraud and misallocation of funds.
• Compliance with controls and policy/procedures for area of responsibility.
• Develop department process flows while identifying and remediating on any potential process gaps.
• Act as liaison between departments, IT and/or vendors related to process issues and/or system enhancements.
• Responsible for facilitation and execution of ad-hoc reporting specific to Bank Reconciliations.
• Manage remediation of outstanding reconciling items ensure corrective application occurs timely and accurately.
• Help develop and maintain testing validation documentation for Bank Reconciliation’s process & system enhancements.
• Retrieve Bank Reconciliation KPI analytics using MSP Passport and Monarch reporting tools.
• Partner with internal and external business partners as applicable to perform Bank Reconciliation functions.
• Assist with the management of vendor and investor relationships.
• Execute on other duties, as assigned.

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!