Responsibilities include but are 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.
Requirements:
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:
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.
Additional Details : At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice-building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth-with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US. At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you-working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients-that includes all our associates as well. The Financial Reporting Specialist will be responsible for financial and regulatory reporting activities supporting Commercial and Consumer Lending and the Federal Reserve pledged loan program.
Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.
