Loan Administration Associate

The Federal Home Loan Bank Of Chicago Chicago , IL 60602

Posted 2 months ago

Join the FHLBC team!

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

  • Medical, dental and vision insurance

  • Retirement program (401k and Pension)

  • Generous PTO plan

  • 10 paid holidays per year

  • Work from home options

  • Casual dress code

Position Summary:

The Loan Administration Associate is responsible for accounting support for the Mortgage Partnership Finance (MPF) Loan Administration Department.

Essential Duties and Responsibilities:

  • Maintain the loan accounting system for MPF transactions on a monthly basis

  • Review custodial account reconciliations

  • Review loan modifications resulting from curtailments

  • Monthly remittance processes

  • Review GL and DID transactions

  • Respond to MPF Bank and audit inquiries

  • Communicate with the Bank's accounting department, PFIs, MPF Banks, Master Servicer, auditors, and outside vendors on investor accounting and reporting issues

  • Create and maintain supporting documentation to substantiate financial transactions and account balances

  • Serve as backup for MPF Custody department

  • Support MPF Help Desk

Experience and Educational

Requirements:
  • Bachelors degree or equivalent Mortgage Banking work experience.

  • Background in mortgage servicing preferred

  • Familiarity with basic mortgage documents

  • Strong customer service skills

  • Must understand various complex financial transactions, including journal vouchers, wire transfers, and loan accounting adjustments

  • Familiarity with mortgage-backed securities a plus

Software Requirements:

  • Proven ability using MS Excel
  • MS Access a plus

Knowledge, Skills, Abilities, and Behaviors Required:

  • Customer focused attitude

  • Independent thinker

  • Strong organizational skills

  • Professional in appearance and demeanor

  • Strong math aptitude

  • High degree of logical reasoning

  • Ability to cope with frequent interruptions and handle multiple projects simultaneously

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Loan Administration Associate

The Federal Home Loan Bank Of Chicago