Philadelphia Staffing
Commercial Servicing Specialist
Philadelphia Staffing, Philadelphia, Pennsylvania, United States, 19102
Commercial Servicing Specialist
This is a full-time career opportunity that can be remote within the Fulton Bank footprint as follows: DC, DE, MD, NJ, PA, VA. Responsible for a variety of complex loan servicing functions and high dollar transactions for prime commercial customers including but not limited to: Participation Servicing, Small Business Administration Reporting, Escrow Processing, Wires for advances and payments, and Interest SWAP support. These services require a thorough working knowledge of the applicable loan core system, and are provided to all Fulton Financial Affiliate Banks. Responsibilities: Monitors daily participation activity reports for financial transactions, reconciles and remits appropriate funds within twenty four hours of transaction date via wire, deposit account or check. Communicates transaction activity and any rate changes to participating bank. Periodically sends audit confirmations to participating banks to confirm the mutual accuracy of our system accruals and participation balances and percentage records. Small Business Administration Reporting and Servicing. Requires a thorough understanding of Small Business Administration rules, regulations and operating procedures. Assists in the set up of new Small Business Administration loans and modifications on the core system in addition to boarding the loans in a separate Small Business Administration system. Monitors daily Small Business Administration activity reports for financial transactions, reconciles and remits appropriate funds representing payoffs, delinquency payments on sold loans, and monthly remittances of guarantee fees and nondelinquent sold loan payments on the Small Business Administration 1502 report. Remittances must be submitted within the appropriate deadline for the various transactions in order to avoid penalties. Verifies and maintains accurate system accruals, balances and sold percentages between the core system and PCFS. Sets up new escrow payee account segments on the core system. Reviews escrow payable reports and ensures timely payment of all escrow items including real estate taxes, property insurance and flood insurance to tax agencies or insurance companies. Late remittances could result in penalties. Responsible for ensuring receipt of new tax bills and or insurance premium invoices and updates core system. Performs annual escrow analysis and reviews for accuracy. Qualifications: Education: High School Diploma or equivalent. (Required) Experience: 1 or more years Performing the essential duties of this role. (Preferred) Pay Transparency: To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate's knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location. The hourly rate for this position is $17.75 - $25.48. Benefits: Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives. EEO Statement: Fulton Bank ("Fulton") is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status. Sponsorship Statement: As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.
This is a full-time career opportunity that can be remote within the Fulton Bank footprint as follows: DC, DE, MD, NJ, PA, VA. Responsible for a variety of complex loan servicing functions and high dollar transactions for prime commercial customers including but not limited to: Participation Servicing, Small Business Administration Reporting, Escrow Processing, Wires for advances and payments, and Interest SWAP support. These services require a thorough working knowledge of the applicable loan core system, and are provided to all Fulton Financial Affiliate Banks. Responsibilities: Monitors daily participation activity reports for financial transactions, reconciles and remits appropriate funds within twenty four hours of transaction date via wire, deposit account or check. Communicates transaction activity and any rate changes to participating bank. Periodically sends audit confirmations to participating banks to confirm the mutual accuracy of our system accruals and participation balances and percentage records. Small Business Administration Reporting and Servicing. Requires a thorough understanding of Small Business Administration rules, regulations and operating procedures. Assists in the set up of new Small Business Administration loans and modifications on the core system in addition to boarding the loans in a separate Small Business Administration system. Monitors daily Small Business Administration activity reports for financial transactions, reconciles and remits appropriate funds representing payoffs, delinquency payments on sold loans, and monthly remittances of guarantee fees and nondelinquent sold loan payments on the Small Business Administration 1502 report. Remittances must be submitted within the appropriate deadline for the various transactions in order to avoid penalties. Verifies and maintains accurate system accruals, balances and sold percentages between the core system and PCFS. Sets up new escrow payee account segments on the core system. Reviews escrow payable reports and ensures timely payment of all escrow items including real estate taxes, property insurance and flood insurance to tax agencies or insurance companies. Late remittances could result in penalties. Responsible for ensuring receipt of new tax bills and or insurance premium invoices and updates core system. Performs annual escrow analysis and reviews for accuracy. Qualifications: Education: High School Diploma or equivalent. (Required) Experience: 1 or more years Performing the essential duties of this role. (Preferred) Pay Transparency: To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate's knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location. The hourly rate for this position is $17.75 - $25.48. Benefits: Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives. EEO Statement: Fulton Bank ("Fulton") is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status. Sponsorship Statement: As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.