Financial Accounting Specialist

$41,715 - $63,700/Yr

BMO - Cedar Rapids, IA

Full-time - Entry Level

Cedar Rapids, IA

Credit Intermediation and Related Activities

About the position

The Financial Accounting Specialist plays a crucial role in the day-to-day delivery of lending operations processes, including loan administration and servicing activities. This position supports the execution of payments, transactions, and service requests while ensuring compliance with service level agreements. The specialist collaborates with stakeholders to enhance workflow efficiency and maintain positive relationships, ultimately contributing to business results and customer satisfaction.

Responsibilities

• Provide day-to-day delivery of critical lending operations processes including loan administration and servicing activities.
• Support the execution of payments, transactions, service requests, and administrative activities.
• Collaborate with stakeholders to promote efficient processes and establish positive working relationships.
• Ensure accurate and timely processing of service requests and transactions within service level agreements.
• Follow documented policies and procedures to execute day-to-day transactions and activities.
• Check and reconcile information and documentation for accuracy and completeness.
• Identify and resolve discrepancies according to standard procedures.
• Perform administrative tasks such as distributing, collecting, and filing documentation.
• Data enter, review, and verify loan information and documentation for processing.
• Manage documentation to ensure proper record maintenance.
• Analyze data and provide insights and recommendations.
• Communicate and collaborate with internal and external stakeholders to achieve business objectives.
• Develop and maintain effective relationships with stakeholders.
• Collaborate in the development and implementation of new processes and improvements to existing systems.
• Complete complex tasks within given rules and handle escalations from other employees.

Requirements

• Typically between 2 - 3 years of relevant experience.
• Post-secondary degree in a related field of study or equivalent combination of education and experience.
• Knowledge and experience using relevant systems and technology.
• Understanding of the business unit's key products, services, processes, and controls.
• Knowledge of risk and regulatory requirements of the business.
• Good prioritization skills.
• Proficient in PC skills (MS Word, Excel, PowerPoint).
• Good verbal and written communication skills.
• Strong organizational skills.
• Collaboration and team skills.
• Analytical and problem-solving skills.

Benefits

• Health insurance
• Life insurance
• Retirement plan
• Tuition reimbursement