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RCC Accounting Associate - 3DKE3 in Baltimore, MD at M&T Bank

Date Posted: 9/14/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Baltimore, MD
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    9/14/2018
  • Job ID:
    3DKE3

Job Description

M&T Realty Capital Corporation is a full-service mortgage banking company that specializes in providing competitive financing nationwide for commercial properties, including multifamily, healthcare facilities, office, industrial, retail, and student, senior, and military housing. As a wholly-owned subsidiary of M&T Bank—one of the 20 largest US headquartered commercial bank holding companies—we have direct access to commercial/multifamily mortgage capital markets, and are fully accredited lenders for:

 

Function:
Provides support to the M&T Realty Capital Accounting team and other departments by ensuring that daily transactions are processed, recorded and reconciled to the General Ledger. In addition, this position's responsibilities also include ensuring the accuracy and timeliness of processing cash inflows and outflows of the Commercial Mortgage Division.
Responsibilities:
Maintain and reconcile customer Holding Account for customer activity prior to closing and post-closing to include:
Daily Reconciliation of Customer holding account balances on Quicken Software to the General Ledger and to FIT
Clear closed out accounts each month to the income statement
Send wires daily, weekly and monthly to the Agencies, Trustees or Investors
Preparation of General Ledger and DDA system entries
Record daily incoming wires and checks and outgoing wires
Reconcile investors P&I, Tax and Replacement Escrow Accounts for FNMA, FHLMC, GNMA and various third parties
Preparation of External Financial Reports
Preparation of Corporate Income Tax Reports
Maintenance, Preparation, and Filing of Vendor and Borrower Tax Information
Establish Escrow and Custodial Accounts as needed
Process Accounts Payable items as needed
Reconcile, research, and analyze various Balance Sheet and Fee Accounts daily or monthly
Responsible for reconciling and clearing all miscellaneous asset and liability accounts.
Process intercompany borrowings with M&T Bank
Work with Corporate Accounting on monthly accounting needs as requested
Archiving files for record retention
Performs related routine duties, i.e. copying, filing, correspondence, etc.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Complete other related duties as assigned.
Required Qualifications:
Bachelor’s degree or the equivalent in relevant work experience
Excellent customer service skills
Minimum 1 year of previous accounting experience
Proficient computer skills including Microsoft Word and Excel
Demonstrated ability to work as a team member
Proven attention to detail oriented
Preferred Qualifications:
Experience with commercial multifamily lending
Proficient in Web info Plus cash management system

 

We encourage candidates with relevant military experience to apply.

About M&T

At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T.  As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.



M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.