Financial Reporting Specialist

Valley Bank; Wayne (NJ); On-site; USD 65,000 - 90,000; Full time

Job summary

Valley Bank in Wayne, NJ is seeking a Loan Accounting/Servicing Specialist to prepare, review, and maintain commercial lending reports, including Call Reports and regulatory submissions. You will administer loan system maintenance, monitor portfolio quality, perform general ledger reconciliations, and support audits and cross-functional process improvements across lending, compliance, and risk teams.

This role requires 3+ years in loan accounting/servicing and strong math, accounting, and Excel

Qualifications

• 3+ years of loan accounting/servicing or lending-related experience.
• Knowledge of financial reporting and GL processes.
• Ability to work independently and meet deadlines.

Responsibilities

• Prepare, review, and maintain commercial lending, portfolio monitoring, and regulatory reports, including Call Report schedules, past due reporting, Shared National Credit reporting, Regulation O reporting, and other Credit Risk reporting requirements.
• Administer loan system maintenance and servicing activities, including charge-offs, loss mitigation, legal workout and REO transactions, risk rating updates, commitment maintenance, billing changes, and related recordkeeping.
• Monitor portfolio credit quality metrics, including non-accrual loans, impaired loans, delinquencies, maturities, unused commitments, and pledged loan collateral, ensuring compliance with internal policies and regulatory reporting requirements.
• Perform general ledger reconciliations, data validation, and financial reporting support by researching discrepancies, completing certifications, and ensuring the accuracy and integrity of loan and accounting records.
• Coordinate regulatory compliance and reporting activities, including CRA, HMDA, Federal Reserve Borrower in Custody, records retention reviews, and related examinations or reporting submissions.
• Support audits, cross-functional research, process improvement initiatives, and departmental projects by providing documentation, resolving data issues, maintaining procedures, and collaborating with lending, compliance, legal workout, and risk management teams.

Skills

Interpersonal skills

Accounting proficiency

Math skills

Independent worker

Prioritization

Education

High School diploma or GED

Finance or accounting coursework

Tools

IBS

nCino

MS Office

Job description

Responsibilities Include But Not Limited To

• Prepare, review, and maintain commercial lending, portfolio monitoring, and regulatory reports, including Call Report schedules, past due reporting, Shared National Credit reporting, Regulation O reporting, and other Credit Risk management reporting requirements.
• Administer loan system maintenance and servicing activities, including charge-offs, loss mitigation, legal workout and REO transactions, risk rating updates, commitment maintenance, billing changes, and related recordkeeping.
• Monitor portfolio credit quality metrics, including non-accrual loans, impaired loans, delinquencies, maturities, unused commitments, and pledged loan collateral, ensuring compliance with internal policies and regulatory reporting requirements.
• Perform general ledger reconciliations, data validation, and financial reporting support by researching discrepancies, completing certifications, and ensuring the accuracy and integrity of loan and accounting records.
• Coordinate regulatory compliance and reporting activities, including CRA, HMDA, Federal Reserve Borrower in Custody, records retention reviews, and related examinations or reporting submissions.
• Support audits, cross-functional research, process improvement initiatives, and departmental projects by providing documentation, resolving data issues, maintaining procedures, and collaborating with lending, compliance, legal workout, and risk management teams.

Required Skills

• Knowledgeable in IBS and nCino, is a plus. Microsoft Office (Word, Excel, PowerPoint and Outlook) proficiency.
• Strong knowledge of loan products, servicing functions, general ledger accounts, reconciliation process and reporting requirements.
• Strong interpersonal skills, both verbal and written.
• Strong accounting and math skills and the ability to calculate figures such as discount, interest, commissions and percentages.
• Ability to work independently, understand and carry out instructions.
• Ability to organize and prioritize assignments.
• Ability to handle multiple tasks and projects simultaneously, while meeting or exceeding deadlines.

Required Experience

• High School diploma or GED equivalent and a minimum of 3 years loan accounting/servicing or lending-related experience.

Preferred Experience

• Associate or bachelor's degree in finance, accounting or a business-related field; prior banking experience a plus. Prior experience supporting commercial lending, general ledger reconciliation, regulatory reporting or Federal Reserve collateral reporting is preferred.