At a Glance
- Tasks: Manage loan servicing and accounting for commercial mortgage portfolios.
- Company: Join a leading firm in commercial real estate with a focus on innovation.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Diverse workplace encouraging applications from all backgrounds.
- Why this job: Be part of a dynamic team making impactful financial decisions.
- Qualifications: Degree in finance or related field; experience in loan administration preferred.
The predicted salary is between 45000 - 55000 £ per year.
The Senior Loan Administrator / Accountant’s responsibilities include performing loan servicing and loan accounting functions on assigned commercial mortgage portfolios. The individual will be responsible for uploading loans onto SS&C’s loan servicing software, processing loan payments, generating billing statements, processing escrow disbursement, generating payoff letters, and handling loan inquiries from both loan borrowers and mortgage lender clients. The Senior Loan Administrator / Accountant will also be responsible for calculating expected credit loss on loan portfolios based on published risk criteria.
Key Responsibilities
- Perform daily and monthly loan servicing processes, loan balance / GL reconciliation, and reporting functions.
- Upload newly originated / purchased loans onto SS&C loan servicing software and send welcome package to borrower.
- Generate various loan notices such as billing statements, maturity notices, late payment notices, payoff statements, etc.
- Monitor that loans are not in breach of any covenant agreements.
- Track and update collateral and compliance on loans including rent rolls and operating statements.
- Process loan cash transactions such as payment processing, loan payoff, escrow disbursement, investor sales, etc.
- Monitor cash accounts and reconcile loan payments received from borrowers.
- Produce month end servicing reports and any other ad hoc management reports as requested by client.
- Perform critical self-review of work product prior to submission to client and/or supervisor.
- Contribute to other ad hoc inquiries and assist on internal projects.
- Liaise with clients and internal contacts on a day to day basis.
Qualifications / Desired Attributes
- Minimum of a BS degree or equivalent.
- Relevant experience in commercial real estate loan administration or accounting is essential.
- Experience doing servicing or loan administration for complex commercial loans is preferable (e.g., construction loans).
- Self-starter and ability to work independently to meet daily, monthly, and project deliverables.
- Ability to identify processing issues and formulate resolutions.
- Experience with ESMA reporting is nice to have.
- Strong ability to communicate professionally with internal / external contacts.
- Strong analytical skills and ability to remain highly organized in a deadline-driven environment while maintaining strict attention to detail.
- Proficiency with Microsoft Office suite, with advanced working knowledge of Excel.
- Basic proficiency in Microsoft SQL preferred.
We encourage applications from people of all backgrounds and particularly welcome applications from under-represented groups, to enable us to bring a diversity of perspectives to our thinking and conversation. It’s important to us that we strive to have a workforce that is diverse in the widest sense.
Senior Loan Accountant employer: SS&C Technologies
SS&C is an exceptional employer that fosters a dynamic and inclusive work culture, offering employees the flexibility of a hybrid work model and a strong commitment to professional development through SS&C University. With competitive benefits designed to support employee wellbeing and a focus on diversity and inclusion, team members are encouraged to thrive in their roles while developing valuable sales skills in a fast-paced environment. Located in London, this role provides a unique opportunity to be part of a growing team within a leading financial services and healthcare technology company, making a meaningful impact in the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Loan Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and real estate sectors. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions related to loan administration and accounting. We recommend role-playing with a friend or using online resources to get comfortable with your responses.
✨Tip Number 3
Showcase your skills! Create a portfolio that highlights your experience with loan servicing software and any relevant projects. This will help you stand out during interviews and demonstrate your expertise.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Senior Loan Accountant
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your relevant experience in commercial real estate loan administration or accounting. We want to see how your skills match the responsibilities listed in the job description, so don’t hold back!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Senior Loan Accountant role. Share specific examples of your past experiences that relate to loan servicing and accounting functions.
Show Off Your Analytical Skills:Since this role requires strong analytical skills, make sure to mention any relevant projects or tasks where you’ve demonstrated these abilities. We love seeing how you tackle challenges and find solutions!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, we can’t wait to see what you bring to the table!
How to prepare for a job interview at SS&C Technologies
✨Know Your Numbers
As a Senior Loan Accountant, you'll be dealing with a lot of figures. Brush up on your financial knowledge, especially around loan servicing and accounting functions. Be prepared to discuss how you’ve handled complex commercial loans in the past and any specific software you've used.
✨Showcase Your Attention to Detail
This role requires a keen eye for detail, so be ready to demonstrate your organisational skills. Bring examples of how you've successfully managed loan portfolios or reconciled accounts, and highlight any processes you've improved to avoid errors.
✨Communicate Clearly
You'll need to liaise with clients and internal contacts regularly. Practice articulating your thoughts clearly and professionally. Think of scenarios where you've had to explain complex information to non-financial stakeholders and how you made it understandable.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities. Prepare for hypothetical situations related to loan servicing issues or compliance breaches. Think through your thought process and how you would approach resolving these challenges effectively.
