Operational Accounting Specialist

7 days ago


Hyderabad, Telangana, India WELLS FARGO BANK Full time

We are seeking an Operational Accounting Specialist to join our team at Wells Fargo Bank. This is a challenging and rewarding role that requires strong analytical skills, attention to detail, and excellent communication abilities.

About the Role

In this position, you will be responsible for performing operational accounting activities related to account reconcilement and maintenance. You will work closely with internal business groups and operations departments to ensure that accounts are being managed within the account policy requirements.

  • You will prepare and review account reconciliations and certifications.
  • You will perform customer account maintenance duties.
  • You will evaluate the operational accounting transactions and maintenance of operational accounting controls.

Additionally, you will collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals.

Requirements

To be successful in this role, you will need:

  • A minimum of 2 years of operational accounting experience or equivalent demonstrated through one or a combination of work experience, training, military experience, education.

You should have knowledge and experience in commercial mortgage servicing, including investor reporting to trust, remittance, and reconciliation of funds.

You should also have the ability to interpret and understand loan documents, loan servicing agreements, and language pertaining to sub-servicing agreements and pooling & servicing agreements.

Familiarity with strategy loan accounting system is a plus.

Responsibilities

Your primary responsibilities will include:

  • Handling complex queries and liaising with the asset management team/LOB for final disbursement of funds.
  • Communicating with trust, third-party servicers, and other CMS teams to establish and record authentication forms and certificates of authority.
  • Identifying risk exposure in the process and developing controls to mitigate risks.

You will also be responsible for:

  • Exhibiting detail-oriented skills to ensure zero/near ops loss situations.
  • Demonstrating/maintaining professional conduct under all circumstances.
  • Supporting process expansion and working on cross-functional support and process efficiencies.

We estimate the annual salary for this position to be around $85,000 - $110,000, based on industry standards and location.



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