Job Application for Loan Operations Reconciliation Analyst - Aurora Main/Oakbrook at Old Second National Bank

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Who We Are

At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.

With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!

Position Overview
The Loan Operations Reconciliation Analyst works as part of the Loan Operations Reconciliation team to provide accounting control and operational support for a variety of functions, across multiple loan types utilizing the core system used for boarding loans.

Essential Job Functions
• Analyze, research, and correct reconciling differences between the loan systems, the General Ledger and various sources requiring knowledge and experience regarding any system interfaces involved.
• Participate in the support of general ledger and loan systems projects, including conversions, testing, enhancement implementations, etc.
• Identify and address outages and reconciliation issues impacting internal business partners including Residential, Retail and Commercial loan processing staff within required SLAs
• Generate and distribute various daily, weekly or monthly recon reports
• Provide direction to Loan Operations staff on transaction processing or adjustments to correct errors, outages, etc.
• Develop and maintain written operational procedures for all tasks performed and cross train to provide effective support to all team members

Additional Responsibilities at Senior Level:

• Perform monthly review of OSNB Assignee accounts. Monitor and maintain integrity of account set ups to ensure proper reporting and controls are in place.
• Identify needs for process improvements where recurring issues persist. Research and be direct line of communication with other areas to resolve.
• Provide Training on enhanced processes within the department

Minimum Requirements:
• Two or more years of college and three or more years of relevant work experience to include financial services operations, finance, and/or accounting; or equivalent combination of education and experience. Bachelor’s degree in finance, Accounting or Business strongly preferred.

Required Competencies:

• Knowledge of Institutional Client Loan Operations
• Knowledge of reconciliations, accounting and controls
• Working experience with data and excel and intermediate to advanced level
• Exceptional verbal and written communication skills
• In depth problem solving, analytical and judgment skills
• Proficient in MS Word, Excel and Access
• Ability to work well independently and as part of a team.
• Experience identifying problems and use independent judgement to solve, recommend solution and/or notify and escalate as appropriate.

Preferred, but not required:
• Bachelor’s degree in Finance, Accounting or Business.
• Two or more years of experience in loan accounting and reconciliation functions.
• Knowledge and use of Commercial loan systems and applications including BlackLine, Jack Henry and Stucky systems.

NOTE: This job description is not intended to be all-inclusive. Employee may perform other duties as assigned to meet the ongoing needs of the organization.

Location Details

This position is considered a hybrid role. With management approval, an incumbent may work a combination of remote and onsite work to perform the regular responsibilities of the role. Actual schedule requirements may vary based upon business needs.

Onsite work may be performed at the following location(s) Aurora Main and Oakbrook Terrace.

Compensation & Benefits

Base pay: $25.30 - $31.01/ hour

Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent’s knowledge, skills and experience.

Benefits: How We Support You - Old Second

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Loan Operations Reconciliation Analyst - Aurora Main/Oakbrook

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