Escrow Coordinator

Weichert, Realtors; Wall Township (NJ); On-site; USD 55,000 - 70,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) retirement savings

Paid Time Off (PTO)

Flexible Spending Accounts

Job summary

Title Closing Services, LLC. is hiring an Escrow Coordinator in Wall/Cherry Hill/Morristown/Toms River, NJ.

The Escrow Coordinator works with management to perform Cash Management Department activities consisting primarily of posting incoming Lender and Client funds to client files on a daily basis. The position also prepares final ledgers and prints checks for daily settlements.

Qualifications

• High school diploma or GED required.
• Associate’s or Bachelor’s degree in Accounting or an Accounting Certificate preferred.
• 3+ years of cash application, posting and/or accounts payable processing experience.
• Experience with CashPro and Money Access or similar banking systems preferred.

Responsibilities

• Post incoming lender and client funds to client files daily.
• Download bank activity and balance Trust Account ledgers daily.
• Reconcile all escrows and Simplifile accounts monthly.
• Work with other departments to address outstanding checks/deposits in a timely manner.
• Create and/or approve administrative ledgers within escrow accounts.
• Prepare deposits and post checks to internal software.
• Monitor wires and transfers for settlements.
• Maintain ledgers daily by opening/closing in the software.
• Process incoming checks and scan deposits to banks.
• Print checks for daily settlements.
• Build relationships with operation departments.
• Perform other duties as assigned.

Skills

Accounting

Customer service

Multitasking

Attention to detail

Communication skills

Math skills

Education

Accounting degree or certificate preferred

Tools

Excel

CashPro

Money Access

Job description

Title Closing Services, LLC. is hiring an Escrow Coordinator in Wall/Cherry Hill/Morristown/Toms River, NJ. The Escrow Coordinator works with management to perform Cash Management Department activities consisting primarily of posting incoming Lender and Client funds (wires/checks) to client files on a daily basis. The position also prepares final ledgers and prints checks for daily settlements.

Essential Duties And Responsibilities

• Posts incoming Lender and Client funds to client files daily.
• Downloads bank activity and balances Trust Account ledgers daily.
• Responsible for the day to day and month end reconciliation of all escrows and Simplifile accounts.
• Responsible for working with other departments to ensure outstanding checks and deposits are addressed in a timely manner.
• Creates and/or approves all administrative ledgers within the escrow accounts.
• Prepares transaction deposits and posts checks to internal software system.
• Monitors day to day transfers in and out of escrow accounts as well as incoming and outgoing wires posting to software and bank for all settlement entities.
• Manages ledgers daily by closing and opening via internal software system.
• Processes incoming checks and scans electronic deposits to bank(s).
• Prepares and prints checks for daily settlements.
• Builds and maintains relationships with all operation departments.
• Performs other duties as assigned.

Minimum Qualifications

Education, Certification, and License Requirements

• High school diploma or GED
• Associate’s or Bachelor’s degree in Accounting or an Accounting Certificate preferred

Experience

• Three (3) or more years of related cash application, posting and/or accounts payable processing experience
• Experience with CashPro and Money Access or similar banking systems preferred

Knowledge, Skills, And Abilities

• Working knowledge of Accounting and/or Closing and Title Software
• Strong customer service skills
• Proficiency in Microsoft Office suite of products, especially Excel
• Good oral and written communications skills
• Ability to multitask in a fast-paced environment
• Strong attention to detail
• Good math skills including addition, subtraction, multiplication, division, percentages, and fractions
• Knowledge and ability to use typical office equipment (PC, calculator, fax machine, etc.)

The estimated base salary range for this position is from $55,000 - $70,000 (annually). The rate of pay offered will be dependent upon several factors including but not limited to the candidate's relevant skills, education, work experience, job location/geographic region, and/or certifications.

Weichert offers a comprehensive suite of benefit programs to all eligible employees, including medical, dental, and vision insurance, life and disability coverage, 401(k) retirement savings, Paid Time Off (PTO), Flexible Spending Accounts (FSA), and much more.

Weichert is an equal opportunity employer. We are committed to non-discrimination on any protected basis, such as veteran status, or any other basis covered under applicable law.