Job Title: Financial Operations Analyst
About the Role
This is a key position in managing loan/lease payments and maintenance for defined lines of business. As a financial operations analyst, you will play a vital role in ensuring accuracy and compliance with company policies and regulatory requirements.
The successful candidate will be responsible for managing all incoming funds via wire, IPA, and internal DDA accounts. This includes ensuring daily, weekly, and monthly reconciliations are completed on time and researching any discrepancies that may arise.
Responsibilities
* Manage all incoming funds via wire, IPA, and internal DDA accounts to ensure accuracy and compliance with company policies and regulatory requirements.
* Ensure daily, weekly, and monthly reconciliations are completed on time by researching and resolving any discrepancies.
* Monitor daily activity and review control processes relating to monetary transactions and clearing accounts such as wire transfers, returned items, payments in process, check suspense, unapplied funds, etc.
* Prepare and process daily entries with source documentation backup to CAD and TREE, reviewing and approving other team members' entries.
* Process daily GL Link, comparing InfoLease reports/extracts against Synergy totals, ensuring all entries passed through after the nightly job stream and that nothing has been rejected.
* Scan checks received via BIC (Branch Image Capture), monitoring the outgoing check file sent to FEDs to ensure Santander receives funds for checks posted in the system.
* Track incoming wire transfers and ACH transactions, maintaining a spreadsheet to ensure all transactions are posted.
* Review and validate payments and payoffs are processed as expected, serving as a second reviewer for Daily proof of payments and payoffs.
* Update daily Treasury rate in InfoLease or serve as a second reviewer.
* Submit all payments and payoffs received via wire & ACH to Posting to process, along with buyout quotes and wire confirmations/ACH screenshots after verifying the funds.
* Process payoff assets from inventory that have been sold by the workout group, preparing any necessary Journal entries as needed for possible 2nd/3rd write downs or any entries deemed necessary by workout/Corp. Accounting.
* Place stop payments on Official checks lost/stolen/destroyed and reissue, completing the monthly escheatment report for the CEVF stale dated items sent by the Escheatment Dept.
* Research and respond to incoming commercial loan requests/emails/inquiries received from business areas.
* Help with Lockbox, ACH, Posting when necessary.
* Manage time efficiently to execute all daily/weekly/monthly tasks.
* Conduct yourself in a professional manner in your daily work ethic.
* Collaborate with internal teams to resolve payment issues and discrepancies.
* Ensure proper documentation is filed/saved appropriately and is available for internal and external audits.
* Identify and resolve problems within established guidelines.
* Participate in Bank projects as needed (UAT testing, testing before the system upgrade, testing for a new procedure).
* Participate in procedure review and updates (on demand and annual).
* Participate and support in getting all the evidence requested for Internal and external audit (Control, RCSA, SOX, PWC).
Requirements
* Strong analytical skills to manage complex financial data and transactions.
* Attention to detail to ensure accuracy and compliance with company policies and regulatory requirements.
* Excellent communication abilities to collaborate with internal teams and resolve payment issues and discrepancies.
Benefits
* A competitive salary and benefits package.
* Ongoing training and development opportunities.
* A dynamic and supportive work environment.
Others
* Opportunities to participate in bank projects and contribute to the growth and success of the organization.