[Remote] Commercial Servicing Specialist

Note: The job is a remote job and is open to candidates in USA. Fulton Bank is dedicated to making a positive impact in local communities and promoting a digitally enabled work environment. They are seeking a Commercial Servicing Specialist responsible for complex loan servicing functions and high dollar transactions for prime commercial customers, including participation servicing and Small Business Administration reporting.ResponsibilitiesMonitors 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 recordsSmall 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. Noncompliance could result in loss of Preferred Lender status with Small Business Administration. Verifies and maintains accurate system accruals, balances and sold percentages between the core system and PCFSSets 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 accuracySkillsHigh School Diploma or equivalent1 or more years Performing the essential duties of this roleBenefitsMedical plans with prescription drug coverageFlexible spending account or health savings account depending on the medical plan chosenDental and vision insuranceLife insurance401(k) program with employer matchEmployee Stock Purchase PlanPaid time off programs including holiday pay and paid volunteer timeDisability insurance coverageMaternity and parental leaveAdoption assistanceEducational assistanceRobust wellness program with financial incentivesCompany OverviewFulton Bank strive to have a better understanding of your financial goals, are a full-service commercial bank operating 250 branches. It was founded in 1882, and is headquartered in Lancaster, Pennsylvania, USA, with a workforce of 1001-5000 employees. Its website is https://www.fultonbank.com/.



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