Location: Dallas,TX, USA
Lending and Trade Services -- Servicing Compliance Specialist
The Compliance Specialist role reviews Commercial Loan Exception reports to mitigate risks including possible negative reputational, income impact and financial losses. The incumbent must perform detailed system analytics (AFS, DEALS, etc) and loan documentation review, research and analysis to resolve exceptions timely and accurately.
Position Responsibilities:
* Analyzes and researches items appearing on various system generated exception reports for quality assurance.
* Analyzes, interprets, and compares Commercial loan documentation to the Loan accounting system for accuracy.
* Inputs transactional information into the Loan Accounting System to clear exceptions or ticklers.
* Provides monthly reporting and escalates critical issues or trends to management.
* Distributes exception reports to various internal departments to ensure timely review.
* Analyzes and creates accrual spreadsheets for loans requiring rate comparisons.
* Acts as liaison to Loan Groups and various levels of management related to loan accounting issues.
* Prepares and sends wire reports out daily to processors.
* Completes various self-tests related to processing.
* Acts as SME related to system processing.
* Participates on projects as required.
* Provides comprehensive deliverables as required.
* Various other duties as required.
Position Qualifications:
* Associate degree or 2 years of relevant experience in Business, Accounting or Finance
* 3-5 years of extensive AFS processing experience
* Advanced knowledge of Microsoft Excel
Work Best Category: Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours: 8:00am - 5:00pm Monday - Friday
Salary: To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.