What are the responsibilities and job description for the Investor Accounting Analyst - Cash Management position at Key Bank?
Location :
11501 Outlook Street - Overland Park, Kansas 66211
ABOUT THE JOB (JOB BRIEF)
- Under the direction of the Loan Accounting Manager, the person in this position will be responsible for reviewing, implementing, and administering the functionality of Accounting requirements as they pertain to various Commercial Mortgage Loans. In addition, the administrator will be responsible for the establishment and maintenance of Controlled Bank Accounts and monitor the activity of funds within the accounts pursuant to the Loan Documents and administer the movement of funds to the correct accounts via wire / book transfers.
ESSENTIAL JOB FUNCTIONS
Review Loan Documents to decide the specific account requirements and maintain these accounts in RECWeb
Facilitate the opening and maintenance of new accounts and establishment of services (i.e. Lockbox, Online access, Remote Deposit) with various departments and banks to match the needs dictated by the applicable loan documents
Communicate with closing attorneys, clearing bank personnel and other customers to insure account information is properly disseminated and account structure is understood
Interact with various departments regarding the disbursement of funds to Key Bank Real Estate Capital and other Servicers for payment application and to return operating expenses and excess funds to designated accounts in accordance with the Agreement
Utilize the Hogan System, RECWeb, Strategy and other forms of reconciliation to insure accurate balances for an assigned Cash Collateral Account are maintained and administered
Prepare and review various reconciliations on a daily, monthly and annual basis
Coordinate and facilitate the transfer of funds and closing of accounts as needed
MARGINAL OR PERIPHERAL FUNCTIONS :
Coordinate work activities with Servicing and Corporate Accounting as necessary
Assist other Internal Accounting Departments as required
Perform special projects as required
REQUIRED QUALIFICATIONS
B.S. in Accounting, Finance or related business field and / or comparable experience
Detail-oriented with ability to see big picture
Excellent written and verbal communication skills, as well as a high degree of analytical skills
Excellent organizational skills, efficiently handling multiple tasks and deadlines
PREFERRED QUALIFICATIONS
Experience in commercial mortgage loan accounting
Experience in Banking
Minimum 1-2 years’ experience in commercial mortgage real estate lending
Experience in understanding various legal documents associated with commercial loans
Efficient in the use of word processing, spreadsheet and email software, such as Microsoft Word, Excel and Outlook
Team oriented and flexible
Analyze issues and seek to improve and simplify work processes
EQUIPMENT USED
Personal Laptop Computer with Dual Monitors
Standard office equipment (fax machine, phone calculator, printer / scanner / copier)
TRAINING PROVIDED
On-the-Job
Designated continuing education and related courses throughout the year (35 hours minimum annually)
Job Posting Expiration Date : 04 / 25 / 2025
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com .
Key is an Equal Opportunity Employer, including disability / veterans.
Headquartered in Cleveland, Ohio, KeyCorp (Key) is one of the nation’s largest financial services companies. Key provides investment management, retail and commercial banking, consumer finance and investment banking products to individuals and companies throughout the United States and, for certain businesses, internationally.
At Key we’ve made a promise to our clients that they will always have a champion in us. To deliver on that promise, we’re committed to building a team of engaged employees who do the right thing for our clients and help them achieve their financial goals each and every day.
