Description
SS&C is a global provider of investment and financial services and software for the financial services and healthcare industries. Named to Fortune 1000 list as top U.S. company based on revenue, SS&C is headquartered in Windsor, Connecticut and has 20,000+ employees in over 90 offices in 35 countries. Some 18,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
Job Description
Senior Associate, Commercial Loan Servicing
Locations: New York | Hybrid
Get To Know The Team:
The loan insurance team's day-to-day duties include performing loan servicing and loan accounting functions on assigned commercial or residential mortgage portfolios. The team uploads loan information onto SS&C's loan servicing software, processes and reconciles loan life-cycle activity, and produces accurate accounting packages and service requests. They also assist in completion of any NAIC Schedule B regulatory reporting.
Why You Will Love It Here!
- Flexibility: Hybrid Work Model & a Business Casual Dress Code, including jeans
- Your Future: 401k Matching Program, Professional Development Reimbursement
- Work/Life Balance: Flexible Personal/Vacation Time Off, Sick Leave, Paid Holidays
- Your Wellbeing: Medical, Dental, Vision, Employee Assistance Program, Parental Leave
- Diversity & Inclusion: Committed to Welcoming, Celebrating and Thriving on Diversity
- Training: Hands-On, Team-Customized, including SS&C University
- Extra Perks: Discounts on fitness clubs, travel and more!
What You Will Get To Do:
- Perform daily and monthly loan accounting processes, loan balance / GL reconciliation, amortization review, and reporting functions
- Process loan cash transactions such as payment processing, loan payoff, escrow disbursement, investor sale, etc.
- Monitor cash account and reconcile loan payment received from borrower
- Upload newly originated / purchased loan onto SS&C loan servicing software and send welcome package to borrower
- Assist in completing and reconciling quarterly and annual NAIC Schedule B regulatory package
- Track and update collateral and compliance on loans including rent rolls and operating statements
- Generate various loan notices such as billing statement, maturity notice, late payment notice, payoff statement, etc
- Assist in the implementation of new clients
What You Will Bring:
- Bachelor's degree in Accounting, Finance or similar field
- 2-4 years' relevant experience in the insurance industry or commercial Real Estate loan administration
- Knowledge of US GAAP accounting or IFRS
- Experience with NAIC reporting with strong preference for NAIC Schedule B experience
- Investment general ledger experience is strongly preferred
- Self-starter and ability to work independently to meet daily, monthly, and project deliverables
- Ability to identify processing issue and formulate resolution
- Strong ability to communicate professionally with internal / external contacts
- Strong analytical skills and ability to remain highly organized in a deadline driven environment while maintaining strict attention to detail
- Proficiency with Microsoft Office suite, with advanced working knowledge of Excel
- Basic proficiency in Microsoft SQL is a plus
Thank you for your interest in SS&C! To further explore this opportunity, please apply through our careers page on the corporate website at www.ssctech.com/careers.
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Unless explicitly requested or approached by SS&C Technologies, Inc. or any of its affiliated companies, the company will not accept unsolicited resumes from headhunters, recruitment agencies, or fee-based recruitment services. SS&C offers excellent benefits including health, dental, 401k plan, tuition and professional development reimbursement plan. SS&C Technologies is an Equal Employment Opportunity employer and does not discriminate against any applicant for employment or employee on the basis of race, color, religious creed, gender, age, marital status, sexual orientation, national origin, disability, veteran status or any other classification protected by applicable discrimination laws.
Salary is determined by various factors including, but not limited to, relevant work experience, job related knowledge, skills, abilities, business needs, and geographic regions. NY: Salary range for the position: 85000 USD to 100000 USD. Other States Salary range for the position: 85000 USD to 100000 USD.Apply on company website
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