Review Vacancy
AgencyEmpire State Development, NYS
Occupational CategoryFinancial, Accounting, Auditing
Salary RangeFrom $50000 to $50000 Annually
Minimum Qualifications EDUCATION & REQUIREMENTS:
Education Level required: College degree.
Relevant experience required: 5+ years of loan administration experience working with corporate loan accounting and billing systems.
Knowledge required: Must have solid working knowledge of how loans operate, understanding of legal documents (Notes, Mortgages, Assignments, etc.) and ability to create and modify loan amortization schedules.
Duties Description WORK PERFORMED:
•Monitor and maintain ESD’s loan portfolio through the ABS system;
•Generate and process billing for the JDA and UDC loan portfolio;
•Serve as the primary contact for borrower and grantee account inquires, and provide quality customer service;
•Process Cash Receipts (ie, Lockbox and ACH) and apply payments to update each borrower’s account;
•Run daily reports and reconcile balances;
•Generate loan payoff and satisfaction letters;
•Create new project profile in ESD’s Employment Database and keep track of grant repayments;
•Obtain and maintain JDA employment records;
•Maintain various reports and provide copies upon request;
•Reconcile and resolve loan balance and payment issues with Accounting and Treasury departments;
•Provide monthly cash receipt activity to the Accounting department for month and G/L entries;
•Prepare report for the Treasury department indicating which funds are received in lockbox and to which accounts the funds should be transferred to;
•Provide monthly ACH reports to the Treasury department to debit JDA borrower’s bank account; and
•Assist ESD attorneys with satisfaction and assignments of mortgages, borrower insurance policy issues, loan repayments, and file management.
Additional Comments -Salary is up to specified amount
-Comprehensive benefits package.
We are an equal opportunity employer with a commitment to diversity.
Some positions may require additional credentials or a background check to verify your identity.