Job Details
Job Summary:
We are collaborating with our client to identify a highly qualified individual for the role of Accounting Specialist for a state agency that supports the needs of low- and moderate-income renters and homebuyers by providing financing and programs focused on equity. This role is hybrid in Downtown Sacramento. Minimum 2 days a week in the office after 1-2 months of in-person training.
Job Duties:
General Ledger Activity:
- Performs reconciliation of various bank accounts, and quarterly general ledger entries.
- Processes monthly loan files from the cash receipts system, deposit checks, and reviews wires and daily cash activity.
- Performs transactions related to earthquake insurance premium adjustments.
- Assists in the purchase of subordinate loans and the funding of grants and loans.
- Reimburses servicers for loan modifications and short sale costs, and pays Trustee and incentive fees for loan modifications.
- Maintains SCO cash receipts and generates related input file.
- Performs monthly reconciliations of Trustee bank statements for applicable bond series.
Account Reconciliation:
- Performs monthly reconciliations of mortgage loans serviced by Agency approved financial institutions.
- Utilizes the Client s Mortgage Reconciliation System to reconcile mortgage loans with external servicer records.
- Prepares journal entries related to reconciliations.
- Applies appropriate accounting principles to record transactions in the General Ledger.
Cash Remittance and Receipts:
- Reviews accuracy of computations used by the servicer when remitting payoffs.
- Posts remittances of payoffs to cash receipts system daily.
- Return loan documents to servicers and Loan Administration.
- Allocates bi-monthly remittances of Agency principal and interest payments and post to cash receipts.
- Prepares journal entries, cash receipts adjustments and/or input files as needed.
- Works with lead to resolve any loan discrepancies and reconciling issues identified.
Working Conditions:
- Prolonged sitting
- Work in a high-rise building when onsite
- Use a computer keyboard and read from computer screens several hours a day
- Be able to lift and carry up to 20 lbs.
Application Instructions:
Our next step involves a comprehensive review of all applications and resumes received. Following this assessment, selected candidates will be invited to apply through our client s portal for further consideration.
The Client s application portal is a crucial part of the application process, allowing streamlined communication and the facilitation of a more in-depth evaluation of your qualifications. You will receive instructions on how to access and complete the next stage of the application through the portal if your initial application aligns with our requirements.