Finance Servicing Administrator

About Us:

The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974.

Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $11.9 billion to finance the creation and preservation of more than 220,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy.

As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration.

Role Summary:

As Finance Servicing Administrator, you will assist in the management of mortgage payments processing and investor remittance reporting. This role will also provide support to other members of Finance, including back-up for Accounts Payable.

What You'll do:

• Processes daily lockbox and check deposit detail information at loan level in Strategy

• Identifies payment suspense items and notifies loan administrators of issues as they arise

• Manages portfolio of loans in the monthly Auto-Debit reports; including review and analysis of hold codes, change of receivables, sets up of new auto-debit accounts, ensures debits agree with bank details and investigates report issues

• Process daily telephone payments

• Run daily Citibank report of bounced payments and reverse transactions previously recorded in Strategy for each loan listed

• Prepares and coordinates monthly borrower billing statements

• Assists in preparing monthly investor remittance reporting with portfolio of loans

• Review, analyze and reconcile daily cash versus Strategy reconciliation process

• Manage new vendor setups in Strategy

• Participates in system related testing requirements

• Provides back-up support to Sr Servicing Analyst and Accounts Payable (as necessary)

• Liaising with other personnel across the organization to gather information required for various management reports; participating in meetings, as needed

• Provide periodic reporting requests for various financial and investor audits

• Perform other duties as assigned

Skills and Experience

• Bachelor's Degree required with 1 - 2 years of experience in Treasury, Finance, or Accounts Receivables preferred

• Strong knowledge of Microsoft Office, particularly in Microsoft Excel required

• Must be highly organized and detail oriented

• Superior time management skills are required, with the ability to multi-task efficiently to meet deadlines

• Exceptionally strong communication skills are required

• Strong teamwork and collaboration skills essential

• Ability to work independently and in a team setting

What We Offer:

• Competitive compensation

• 401(k) retirement plans with employer match

• Medical, dental, and vision benefits for employees and their dependents

• Commuter benefits

• PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability

• Tuition assistance program

• Two "work from anywhere" weeks per year

• Summer Fridays

• Collaborative working spaces

• Service days to support our communities

• Employee development and engagement events

• More about our offerings and culture here

This is a full-time, hybrid role where you will work from the Manhattan office two - three days a week. The salary range is $65,000 - $80,000, dependent on experience.

The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.