Escrow Officer

Job Description

Job Description

Ideal candidate will have strong analytical abilities, excellent organizational skills, and a keen eye for detail.

Responsibilities :

• Conduct thorough annual reviews of customer escrow accounts to ensure accuracy and compliance.
• Reconcile property tax and insurance disbursements made from escrow accounts throughout the year.
• Compare collected funds with disbursements to identify any shortages or surpluses in escrow accounts.
• Calculate adjustments needed for monthly escrow payments based on analysis results.
• Prepare and distribute official escrow analysis statements, including projections for the upcoming year.
• Ensure all escrow procedures align with federal and state regulations, as well as company policies.
• Investigate and resolve discrepancies in escrow accounts, reporting findings to management.
• Provide accurate documentation and maintain meticulous records for auditing purposes.
• Collaborate with relevant teams to address compliance-related issues and improve processes.
• Proven experience in escrow processing or a related field.
• Strong mathematical and analytical skills with the ability to perform detailed reconciliations.
• Knowledge of federal and state regulations related to escrow accounts.
• Proficiency in using software tools for record-keeping and analysis.
• Excellent organizational abilities and attention to detail.
• Effective communication skills for reporting findings and resolving discrepancies.
• Ability to work independently and meet deadlines in a fast-paced environment.
• Previous experience in preparing financial statements or similar documentation.