Associate, Partner Finance

Work with large amounts of loan-level data on a regular basis, including daily and monthly files from third-party servicers and loan sellers covering thousands of loans and dozens of data fields, and be comfortable validating, organizing and reconciling it

Perform the daily reconciliation of position and cash: confirm that each loan’s balance rolls forward correctly to the cent, and that cash received matches expected collections net of servicing fees, recoveries and other adjustments

Investigate and resolve reconciliation breaks with servicers, including returned payments and payment reversals, status changes without matching cash, loans removed without a payoff or charge-off, charge-off reversals and repurchases; document each exception and its resolution

Perform the monthly reconciliation and close of the portfolio, producing the monthly loan-level record, delinquency roll reports, and charge-off, recovery, settlement and modification detail

Maintain the division’s shadow accounting records for purchased loans, including interest accrual and nonaccrual treatment, premium and discount amortization, charge-offs, recoveries and the allowance for credit losses; reconcile these records to the Bank’s general ledger and explain any variances

Prepare portfolio management and accounting reporting for reviews on a regular basis, including portfolio returns against the division’s accounting return targets and actual performance against forecast

Support the settlement of new loan pool and forward flow purchases, including closing statements, purchase price and accrued interest true-ups, and opening accounting entries

Assist in the gathering, preparation and maintenance of required reports for internal stakeholders, such as Compliance, Risk, Credit and management committees, including servicer performance, delinquency and loss trends, and program limits

Communicate with servicers, loan sellers, Bank Finance and Treasury regularly for both data gathering and relationship building

Document, standardize and automate recurring reconciliation and reporting processes, including through the use of data and AI tools, so that they are repeatable and auditable

Assist the division President with ad hoc, portfolio management and internal reporting requests

Perform other duties as assigned

Associate’s Degree required; Bachelor’s Degree with a focus on accounting, finance, economics or another quantitative field preferred

Minimum of 2 years of experience in a bank controllership, legal entity control, product control, fund accounting, loan operations, bank finance or accounting, public accounting (audit), and/or structured finance reporting role required

CPA or CPA candidate preferred; CAIA a plus

Experience accounting for loan portfolios at a bank, investment fund or loan trading desk preferred

Working knowledge of loan accounting, including loan balance roll-forwards, interest accrual and nonaccrual, and premium and discount amortization

Familiarity with bank regulatory or financial reporting a plus

Familiarity with consumer loan concepts such as delinquency status, charge-offs, recoveries, settlements and modifications preferred

Advanced Excel skills, including lookups, pivot tables and reconciling data sets of 10,000+ rows; proficiency with Microsoft Office tools (Outlook, Word, PowerPoint, Excel)

Experience with SQL, Python or similar data tools a plus