INVESTOR ACCOUNTANT
Our Company
At
FirstBank PR
, we strive to be a trusted advisor to our clients and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client's expectations.
Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.
A Brief Overview
The Investor Accountant is responsible for preparing accounting reports and remitting funds to investors on sold loans in compliance with the contracted terms of individual agreements. In addition, prepare checks, initiate wire transfers, maintain accurate loan accounting records and maintain/reconcile general ledger and Custodial Checking Accounts.
What You'll Need to Succeed
Daily prepares remittances for investors and manages mortgage-backed securities pool remittances (Ginnie Mae, Fannie Mae, Freddie Mac)
Monitors service fee income and prepares monthly analysis of service fee income accounts
Prepares required journal entries related to Service fee Income accounts and performs monthly variance analysis for these accounts
Perform all journal entries related to investor accounting
Prepares monthly reports for insurance coverage calculation
Prepares quarterly reports
Prepares account reconciliations
Processing Black Knight Disbursement Reports vs. Loan Activity Reports (S/S, S/A) Private Portfolios, BPPR, Oriental, AEELA, MOEX CMO's etc.
Process third-party loan repurchases, (Loss Mitigation, Quality Control, Delinquency)
Performing processes related to Servicing Release transactions includes escrow transfers, etc.
Managing (Bank) Portfolio Loans accordingly to (Category-Investor) classifications at the Investor Level and performing necessary procedures for Third-Party Repurchase transactions inclusive of funding Clearing and/or Custodial Accounts
Processing Black Knight System Delinquency Section updates related to new Real Estate Owned (REO) properties, with corresponding Book-Balance/UPB transactions to the subsidiary with MSP Transactions 43 & 47 inclusive of Third-Party assets (DENK)
Performing the checking and processing of accounting related transactions in a timely, accurate and efficient manner.
Maintaining the confidentiality of customer information.
Processing transactions quickly and accurately and processing workloads according to the specified time frames.
Acquiring and maintaining a good working knowledge of the Bank's accounting functions and systems
Assist as required in the timely and accurate preparation of reports/returns required internally or by local and federal regulatory agencies
Maintaining communication with other units to advice of missing documentation or any other defect preventing the reconciliation of assigned G/L accounts, whenever applicable
Verifying the accuracy, completeness and authorization of transactions and maintenance in the Custodial or GL accounts, and documenting errors for subsequent correction
Perform all duties related to the monthly monitoring of the Custodial/GL accounts reconciliations and give the necessary follow up to those outstanding transactions that exceed the aging established for each account
Prepare internal reports as requested and impromptu Investor portfolio information request, (Repurchases, etc.)
Record keeping and analytical procedures of custodial cash bank accounts are accurate and free of material misstatements
Works on special projects/assignments as requested by management.
Provides backup during vacations and other personnel leaves.
Competencies:
The competencies detailed below are the behaviors to be exhibited by the incumbent while performing his/her duties as relates to our corporate values, culture and philosophy.
Customer service
Responds promptly to customer needs
Responds to requests for service and assistance
Teamwork
Balances team and individual responsibilities
Contributes to building a positive team spirit
Puts success of team above own interests
Ethics
Treats people with respect
Keeps commitments
Inspires the trust of others
Works with integrity and ethically
Upholds organizational values
Organizational Support
Follows policies and procedures
Completes administrative tasks correctly and on time
Attendance/Punctuality
Is consistently at work and on time
Ensures work responsibilities are covered when absent
Initiative
Volunteers readily
Asks for and offers help when needed
Seeks increased responsibilities
Undertakes self-development activities
Quality
Demonstrates accuracy and thoroughness
What You'll Need:
Bachelor's Degree in Accounting or Finance is required for this job.
The incumbent must have at least one (1) year of experience in accounting, preferably in investment accounting
Computer proficient in MS Office applications (Excel, Word)
Strong analytical skills
Good oral and written communication skills in Spanish and English
Ability to work under pressure and with minimal supervision is also required
First Bank Puerto Rico is a proud to be an Equal Employment Opportunity Employer and takes affirmative action to employ Women, Protected Veterans, People with Disabilities and Minorities regardless of gender identity, sexual orientation, and any other legally protected status.
