Financial Operations Coordinator

Vaco by Highspring; Houston (TX); On-site; USD 60,000 - 65,000; Full time

Benefits offered by this job

Discretionary bonuses

Medical, dental, and vision benefits

401(k) retirement plan

Job summary

A financial services company seeks a motivated Financial Operations Coordinator in Houston, Texas. This entry-level position requires detail orientation and basic mathematical skills for supporting clients in managing SBA and USDA loans. Successful candidates will excel in communication and have a strong customer service ethos. The role includes responsibilities for reconciling payments, generating reports, and ensuring accurate records, while fostering professional development in finance.

Qualifications

• Knowledge of financial products such as SBA Loans or USDA Loans is beneficial.
• Ability to work in a team environment effectively.
• Willingness to learn about banking and finance.

Responsibilities

• Provide client support for managing financial products.
• Prepare and deliver Debit/Credit Advices clearly.
• Assist in reconciling payment discrepancies with lenders.
• Contribute to generating monthly financial reports.
• Support servicing for client-focused financial products.

Skills

Mathematical skills

Communication skills

Customer service orientation

Organizational skills

Education

Bachelor's degree in Business or Finance

Job description

This range is provided by Vaco by Highspring. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base Pay Range

$60,000.00/yr - $65,000.00/yr

We are looking for a motivated and detail-oriented Financial Operations Coordinator to join our clients' team. This entry-level position is ideal for individuals who have a strong interest in finance and customer service and are eager to develop their skills. The successful candidate will have excellent mathematical abilities and a passion for clear communication with clients.

Key Responsibilities

• Provide support to clients managing SBA GICs, SBA COOFs, and USDA guaranteed loans, ensuring accuracy and timely communication.
• Help maintain the safekeeping receipt registry, utilizing basic mathematical skills to keep records organized.
• Prepare and deliver Debit/Credit Advices to clients before payments for principal and interest (P&I), payoffs, and redemptions, clearly communicating necessary details.
• Participate in the collection and disbursement of principal and interest payments as outlined in the terms and conditions, ensuring payments are processed correctly and accurately.
• Assist in reconciling payment discrepancies with lenders to ensure accurate financial records and payment statuses.
• Contribute to generating monthly reports and statements for clients that reflect all payment activity and asset holdings, developing skills in data organization.
• Support servicing for products like USDA Loans, SBA Loans, and COOFs, maintaining a client-focused attitude.
• Help address borrower payment delinquencies by gathering information and documenting findings in the internal platform, enhancing problem-solving skills.
• Collaborate with the SBA's Fiscal and Transfer Agent and individual lenders to monitor loan statuses and assist in maintaining compliance.
• Assist with various projects and assignments as assigned by team leaders, aiding the overall efficiency of the operations team.
• Learn to address issues related to borrower deferments, modifications, defaults, and prepayments, supporting documentation procedures where necessary.

Required Skills and Qualifications

• Bachelor's degree in Business, Finance, or a related field is preferred, but not required.
• Interest in banking, finance, or the securities industry, with a willingness to learn.
• Basic mathematical skills for handling financial records.
• Good verbal and written communication skills, with the ability to convey information clearly.
• Strong customer service orientation, with an eagerness to assist clients and resolve issues.
• Ability to work effectively in a collaborative team environment.

Preferred Qualifications

• Some exposure to financial products, such as SBA Loans, USDA Loans, or related areas through coursework or internships.
• Organizational skills and attention to detail to ensure accuracy in tasks.

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual's skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company's 401(k) retirement plan.

Seniority Level

Entry level

Employment Type

Full-time

Job Function

Finance

Banking