Cash Management Specialist I

Job Summary

The Cash Management Specialist I is responsible for processing all funds to the servicing system. This includes daily balancing of the servicing system and reconciliation of all loan funds received. The cash management specialist is also responsible for bank deposits check printing corporate advance processing reversals claim funds processing and final loan reconciliation. All funds are processed in accordance with internal policies and procedures investor requirements and state and federal laws.

Essential Duties and Responsibilities

• Ensures all funds received are processed to the servicing system timely and accurately including but not limited to mail received lockbox exceptions wires hardest hit funds liquidation/payoff funds claim funds escrow funds modification funds and task requests. Ensures all funds are properly effective dated and processed in accordance with investor guidelines state and federal law and internal policies and procedures.
• Monitors suspense balances and works with servicing departments to ensure funds received are processed timely and per internal procedures and investor requirements.
• Performs daily reconciliation of the payments processed to the cash received. Accurately completes the daily deposit to the servicing deposit account.
• Completes daily system balancing of the Servicing system including reconciliation of escrow and remittance checks daily logging and clearing of the physical bank account.
• Processes check returns and payment reversals promptly and accurately ensuring that the servicing system is properly noted and appropriate notifications are sent to borrowers.
• Processes all cash management task and research items accurately and updates the servicing system and system notes as appropriate.
• Completes the processing of all corporate advance transactions to ensure compliance with investor requirements and internal policies and procedures.
• Completes the final reconciliation process for outstanding balances on all zero balance loans in compliance with investor and internal policy and procedure.
• Promptly scans daily work to the imaging system.
• Performs miscellaneous duties as assigned.

Position Requirements

Education

• High school diploma or equivalent required

Experience

• Previous loan servicing experience in payment processing or accounting preferable

Functional/Technical Skills

• Strong written and verbal communication skills
• Ability to problem solve and research issues when needed
• Displays strong organizational skills attention to detail and ability to handle multiple priorities
• Effectively manages time and meets deadlines
• Possesses strong mathematical skills
• Ability to analyze and interpret data
• Works well in a fastpaced team environment

Benefits

Our benefits package includes 3 comprehensive Cigna or Kaiser medical plans dental and vision insurance. We provide short term and longterm disability insurance basic life insurance 401(k) and 10 employer paid holidays. In addition we offer supplemental benefits to include life insurance critical illness and accident plans.

Environmental/Physical Demands

Work is typically performed in a standard office environment. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job the employee is regularly required to sustain predictable work attendance communicate with others frequently required to stand walk sit and use arms hands and fingers to reach handle or touch. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus. Pursuant to the Americans with Disabilities Act reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job description is not designed to cover or contain a comprehensive listing of all activities duties or responsibilities that are required of an employee. The Company reserves the right to amend or modify this document at any time and without notice.