Financial Analyst- PA

Berkadia - Philadelphia, PA

Full-time - Mid Level

Philadelphia, PA

Real Estate

About the position

Are you looking for the opportunity to make an impact? The Financial Analyst - Non Operational Accounting is responsible for managing and analyzing financial data related to non-operational aspects of the business. This role involves preparing financial reports, conducting variance analysis, and ensuring accuracy in financial statements and compliance with accounting standards. The analyst will also assist in budgeting and forecasting, perform financial audits, and provide insights to improve financial performance and decision-making. Additionally, this position requires collaboration with other departments to support financial initiatives and projects. In this role, you will open and close bank accounts as requested by Servicing Accounting, maintain propriety of DDA information within the McCracken Software Program and within the master deposit account list, and prepare modification requests for deposit account changes as required. You will also prepare journal entries to record account activity produced outside of our software system, requests for ACH or wires as needed for non-operational money movement activities, and reports to summarize bank ratings for use inside and outside of Servicing Accounting. Furthermore, you will assist with the reserve investment accounting and interest on investment program as requested, prepare the daily overdraft report, and assist with the investigation and clearance of accounts in an overdraft position. You will work closely with the Bank Reconciliations Unit to investigate and resolve issues, document and maintain procedures to ensure Corporate and Servicing compliance, and perform other duties as delegated by Servicing Management. Additionally, you will perform the investment reserve function, including the purchase/sale of CDs and Treasury Bills, to ensure that investments are properly managed in accordance with loan documents. Lastly, you will assist in the monthly preparation of detailed bank balance/earnings/fee reports for senior management and other duties as assigned.

Responsibilities

• Open and close bank accounts as requested by Servicing Accounting.
• Maintain propriety of DDA information within the McCracken Software Program and within the master deposit account list.
• Prepare modification requests for deposit account changes as required.
• Prepare journal entries to record account activity produced outside of our software system.
• Prepare requests for ACH or wires as needed for non-operational money movement activities.
• Prepare reports to summarize bank ratings for use inside and outside of Servicing Accounting.
• Assist with the reserve investment accounting and interest on investment program as requested.
• Preparation of the daily overdraft report.
• Assist with investigation and clearance of accounts in an overdraft position.
• Assist with general ledger reconciliations as needed, specifically advance reconciliations.
• Work closely with the Bank Reconciliations Unit to investigate and resolve issues.
• Document and maintain procedures to ensure Corporate and Servicing compliance.
• Perform other duties as delegated by Servicing Management.
• Perform the investment reserve function, including the purchase/sale of CDs and Treasury Bills, to ensure that investments are properly managed in accordance with loan documents.
• Assist in the monthly preparation of detailed bank balance/earnings/fee reports for senior management.

Requirements

• Proficiency in Microsoft Excel, Word, and Outlook.
• Working knowledge of general ledger systems.
• Experience in general ledger accounting and reconciliation.

Nice-to-haves

• Experience in financial audits and variance analysis.
• Familiarity with budgeting and forecasting processes.

Benefits

• Paid parental leave
• Tuition reimbursement
• Pet insurance discounts
• Monthly paid volunteer hours and donation matching
• Fertility and family planning services
• Mental health care, including free counseling sessions.