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Loan Reconciliations Analyst

  • Location: New Castle, 19720
  • Job Type:Contract

Posted 2 months ago

Grow your career as a Loan Reconciliations Analyst with an innovative global bank in New Castle, DE. Long-term contract with excellent growth potential. Will be required to be onsite 2-3 days per week. Will be responsible for the investigation and clearance of general ledger reconciliation exceptions.
 
Responsibilities:
  • Timely research of cash, position, payable/receivable, and other reconciliation breaks.
  • Prepare and store evidence to support the proposed matching of reconciliation breaks.
  • Obtain approvals for break clearance.
  • Meet quality and productivity service levels in the investigation and clearance of breaks.
  • Identify root causes of breaks and opportunities to improve automated break matching logic in the future.
  • Immediately escalate risks and issues identified during the break investigation and closure process.
  • Investigate ad hoc queries related to breaks.
  • Complete regular metrics reporting.
  • Manage preparing and reviewing loan documentation while providing support to a variety of tasks related to the loan process. Activities will include independently processing and closing loans within a complex loans operation environment.
  • Integrate a solid understanding of industry, business standards and practices of loan documentation processes.
  • Demonstrate a comprehensive understanding of how the loan function collectively integrates to contribute to achieving overall business goals.
  • Act as a coordinator to provide support to more senior members of the team on various loans related projects and initiatives.
  • Provide value-added perspective or advice that contributes to the development of new solutions and the improvement of the loan documentation processes for the area.
  • Resolve complex problems where the analysis of situations or data requires an in-depth evaluation of loan procedures and industry standards.
  • Provide evaluative judgment based on analysis of factual information in complicated and unique situations, mostly but not limited to the loan documentation process.
  • Responsible for escalating control gaps and issues to senior management.
  • Identify loan related control deficiencies and implements appropriate procedures and solutions to mitigate any risk or control losses.
  • Identify opportunities to reduce expenses.
  • Influence decisions through advice, counsel and/or facilitating services to others in area of specialization.
  • Assume informal/formal leadership role within the team, is involved in the coaching and training of new recruits, and provides guidance and support to junior staff.
  • Create, develop and maintain effective relationships with colleagues, management, internal/external clients and stakeholders, and seeks to understand their needs and provides solutions.
 
Qualifications:
  • Bachelor’s/University degree is required.
  • 2+ years of experience in financial services operations, finance and/or accounting preferred.
  • Knowledge of Institutional Client Loan Operations preferred.
  • Knowledge of reconciliations, accounting, and controls required.
  • Strong data and Excel skills.
 
About our client
 
Our client stands as one of the worlds most renowned global banks and trusted brand with over 200 years of continuously evolving financial services. Its teams provide unique insights to more than 200 million clients and enable progress all over the world. While growing your career, you will work alongside some of the smartest minds in the industry who are excited to share their knowledge and to learn from you.