Loan Administration Associate
Location: Chicago, IL
Duration: Contract
POSITION SUMMARY
The Loan Administration Associate is responsible for accounting support for the MPF Loan Administration Department.
ESSENTIAL DUTIES AND RESPONSIBILITIES
• Maintain the loan accounting system for MPF transactions on a monthly basis
• Review custodial account reconciliations
• Review loan modifications resulting from curtailments and loss mitigation
• Monthly remittance processes
• Review GL and DID transactions
• Respond to MPF Bank and audit inquiries
• Communicate with the Bank’s accounting department, PFIs, MPF Banks, Master Servicer, auditors, and outside vendors on investor accounting and reporting issues
• Create and maintain supporting documentation to substantiate financial transactions and account balances
• Serve as backup for MPF Custody department
• Support MPF Service Center
SOFTWARE REQUIREMENTS
- Proven ability using MS Excel
- MS Access a plus
EXPERIENCE REQUIREMENTS
• Familiarity with basic mortgage documents
• Strong customer service skills
• Must understand various complex financial transactions, including journal vouchers, wire transfers, and loan accounting adjustments
• Familiarity with mortgage-backed securities a plus
EDUCATION REQUIREMENTS
• Bachelor’s degree or equivalent Mortgage Banking work experience
KNOWLEDGE, SKILLS, ABLILTIES, AND BEHAVIORS REQUIRED
• Customer focused attitude
• Independent thinker
• Strong organizational skills
• Professional in appearance and demeanor
• Strong math aptitude
• High degree of logical reasoning
• Ability to cope with frequent interruptions and handle multiple projects simultaneously
