Mortgage Accounting Clerk
First Citizens Bank (Raleigh/Durham-RTP, North Carolina)

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POSITION DETAIL

Title: Mortgage Accounting Clerk
Status: Full-Time Non-Exempt
Days/Hours: M - F; 8 - 5

LOCATION

Branch/Dept: Mortgage Accounting
Address: DAC
State-City: US-NC-->


REQUIREMENTS

Education: Associates Degree
Experience: 2 years

Basic Qualifications:
• Associate’s Degree
• 2 years accounting or banking experience.

Other Skill Preferences:
• Experience preferably in a mortgage accounting/bank accounting environment and reconcilement experience.
• Experience with Microsoft Word and Excel.
• Good analytical skills with attention to detail and problem-solving ability.
• Ability to multi-task.
• General knowledge of bank accounting (preferably mortgage accounting) and a working knowledge of bank operations and bank policy related to mortgage lending.
• Effective oral and written communication skills.

DESCRIPTION

Support the Mortgage Accounting Supervisor with the overall mortgage accounting functions for FCB and ISB to ensure adequate processing with responsibility for monthly Marketable Loan sales, residential new loan volume, and LSBO volume. Maintain the daily mortgage loan accounting to include processing the daily Cenlar settlement and the mortgage division sale wires/purchase advices; and monitoring and reconciling various FCB and ISB mortgage related general ledger and DDA accounts. Process and reconcile the monthly Cenlar Billing Statement and the corresponding Self Help monthly service fee remittance including submission of reports via their web site. Process the mortgage related foreclosures to include Cenlar ORE, the 3rd Party Sales, write-offs, and the marketable and/or Central Mortgage repurchases received from the FCB Mortgage Loan Specialist - Collections. Handle the Countrywide FCB/ISB LSBO loan purchases and any external investor sales (such as Self Help). Complete the quarterly OTS required ISB CMR Report for Corporate Finance and other reports as required by management.

This is a two person department that requires dedication to the position as well as the ability to multi-task. It requires maintaining a high degree of accuracy and timely completion of job functions. This area is the final review of mortgage transactions to ensure the accuracy of the mortgage related income. The associate in this position will serve as a back-up to the Mortgage Accounting supervisor; and therefore, needs to have a good understanding of mortgage accounting.

Established in 1898 and headquartered in Raleigh, N.C., First Citizens Bank specializes in meeting the financial needs of individuals, small to mid-sized businesses, professionals and the medical community. We employ more than 5,000 associates who are focused on helping our customers achieve a lifetime of success. With more than $15 billion in assets, First Citizens is one the largest family-controlled banks in the United States. First Citizens operates more than 340 branches in North Carolina, Virginia, West Virginia, Tennessee and Maryland. For more information, visit firstcitizens.com. EOE/AA/M/F/D/V .


REQUIREMENTS

Education: Associates Degree
Experience: 2 years

Basic Qualifications:
• Associate’s Degree
• 2 years accounting or banking experience.

Other Skill Preferences:
• Experience preferably in a mortgage accounting/bank accounting environment and reconcilement experience.
• Experience with Microsoft Word and Excel.
• Good analytical skills with attention to detail and problem-solving ability.
• Ability to multi-task.
• General knowledge of bank accounting (preferably mortgage accounting) and a working knowledge of bank operations and bank policy related to mortgage lending.
• Effective oral and written communication skills.

DESCRIPTION

Support the Mortgage Accounting Supervisor with the overall mortgage accounting functions for FCB and ISB to ensure adequate processing with responsibility for monthly Marketable Loan sales, residential new loan volume, and LSBO volume. Maintain the daily mortgage loan accounting to include processing the daily Cenlar settlement and the mortgage division sale wires/purchase advices; and monitoring and reconciling various FCB and ISB mortgage related general ledger and DDA accounts. Process and reconcile the monthly Cenlar Billing Statement and the corresponding Self Help monthly service fee remittance including submission of reports via their web site. Process the mortgage related foreclosures to include Cenlar ORE, the 3rd Party Sales, write-offs, and the marketable and/or Central Mortgage repurchases received from the FCB Mortgage Loan Specialist - Collections. Handle the Countrywide FCB/ISB LSBO loan purchases and any external investor sales (such as Self Help). Complete the quarterly OTS required ISB CMR Report for Corporate Finance and other reports as required by management.

This is a two person department that requires dedication to the position as well as the ability to multi-task. It requires maintaining a high degree of accuracy and timely completion of job functions. This area is the final review of mortgage transactions to ensure the accuracy of the mortgage related income. The associate in this position will serve as a back-up to the Mortgage Accounting supervisor; and therefore, needs to have a good understanding of mortgage accounting.

Established in 1898 and headquartered in Raleigh, N.C., First Citizens Bank specializes in meeting the financial needs of individuals, small to mid-sized businesses, professionals and the medical community. We employ more than 5,000 associates who are focused on helping our customers achieve a lifetime of success. With more than $15 billion in assets, First Citizens is one the largest family-controlled banks in the United States. First Citizens operates more than 340 branches in North Carolina, Virginia, West Virginia, Tennessee and Maryland. For more information, visit firstcitizens.com. EOE/AA/M/F/D/V . -->