What are the responsibilities and job description for the Loan Reconcilement Specialist II position at Trustmark Bank?
Overview
The primary purpose of this position is to daily reconcile the Trustmark retail loan system to general ledger and depository accounts. Other assignments pertaining to the retail loans are handled by this position as described below.
Responsibilities
- Reconcile loan system to general ledger accounts. This responsibility includes but is not limit to researching, analyzing, and resolving discrepancies (non-reconciling items).
- Utilize the Posting Rejects Journal to research and process rejected loan transactions coming from various sources. These transactions include but are not limited to loan payments, late fees payments, sweep transactions, warehouse payments, consumer and commercial loan advances, automatic draft charges, and ACH items.
- Process loan system charge-downs, charge-offs and write-offs for the Retail Bank.
- Maintain the retail loan portfolio in accordance with the Servicemembers Civil Relief Act.
- Re-amortize and restructure employee loans at the point of termination.
- Support and assist internal and external customers with retail loan, general ledger, credit life, 1098 forms, and dealer reserve inquiries and maintenance.
- Perform additional duties as assigned.
Qualifications
- Completed High School
- Completed two years of college with an emphasis on business/accounting courses and two years of work experience-OR-
- Five years of reconcilement experience pertaining to general ledger accounts and core systems
- Experience resulting in intermediate skills associated with the following computer software system: Excel
- Concrete knowledge of primary general ledger accounting principles
- Thorough understanding of general ledger reconcilement processes gained through education or experience
- Firm knowledge of financial services with a focus on loan products, loan systems, and accounting
- Firm computer skills (Word and Excel Test required)
- Good 10 key calculator skills (Test required)
- Ability to manage multiple tasks with little or no supervision
- Ability to work independently or with a team to accomplish work requirements
- Excellent customer service skills
- Excellent communication skills
- Proficient ability to research and analyze data when resolving reconcilement related issues
- Must be detail oriented and organized
- Loan systems knowledge preferred
Physical Requirements/Working Conditions: Must be able to sit for long periods of time and use computer keyboard and/or mouse, while viewing computer screens.
Note: This is a brief description of this position and is not limited to those described herein. Management retains the right to add, delete or modify any of these responsibilities at any time during employment.
