Loan Balancing Specialist

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This position is responsible for balancing and reconciling all "pass-through" loan accounts. Responsibilities include reconciling loan and lease control accounts, revolving credit "in-process" accounts, asset and liability suspense accounts, clearing all posting rejects and non-posts, and correcting transactions as needed.

• Research and reconcile simple to moderate out-of-balance conditions for all loan accounts on FIS. Balance individual loan processor’s transactions, when applicable, and pass any correcting entries that may be required.
• Review FIS reports for reconcilement of loan asset account balances. Pass any correcting entries that may be required.
• Review and reconcile daily designated DDA "bank control" accounts (e.g., ACH payments, consumer loan closing costs, etc.) and GL transaction accounts (e.g., Cash Item Holdovers, East Coast Fundings, Colson Payable, SBA Repurchase payables).
• Reconcile daily suspense resources, suspense liabilities and undistributed borrower’s funds.
• Maintain ledger files, balancing, reconcilement and GL records per internal guidelines, and process transactions related to bulk mortgage loans.
• Provide support when needed for AFS reconcilement and all other duties as assigned.
• Maintain a proactive commitment to established bank programs, such as Community Reinvestment Act (CRA) and Affirmative Action.
• Comply fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).

• Minimum 3 years commercial loan processing experience
• Minimum 2 years experience in balancing pass-through accounts and interface applications
• Minimum 2 years basic accounting experience

• Working knowledge and understanding of the accounting processes
• Knowledge of interface relationship from FMS, Deposits, POD items, etc. is critical to the balancing function.
• Solid problem solving and extensive knowledge of financial calculations required.
• Ability to review and reconcile a heavy volume of transactions and provide solutions to most problems.

Starting base salary: $24.46 - $36.69 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Since day one we’ve always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications.  accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.