Junior Accountant - TEMP

RIHousing Junior Accountant TEMP

Temporary Position - $23.00 per hour

RIHousing is committed to creating a diverse environment and is proud to be an equal-opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

What it’s all about :

This TEMP position is responsible for daily accounting functions and accurate and timely postings of financial transactions for RIHousing’ s various programs as well as support for the Finance Division.

The position is responsible for maintaining records and accounts, analyzing ledgers, preparing wire transfers, and processing cash receipts and cash disbursements.

What you’ll do on a daily basis :

The position's responsibilities include data entry, cash receipt application, accounts payable processing, daily reconciliations, and research.

Specific duties include, but are not limited to, the following :

Post cash receipts to the appropriate general ledger accounts using the Cash Management system. Reconcile daily activity posted to bank balances.

Prepare bank deposits and initiate ACH and wire transfers. Resolve discrepancies with deposit relationships, including bank and lockbox vendors.

Record customer loan payments in the loan servicing system. Process payoffs and other cash transactions following the instructions provided.

Balance all daily transactions posted in the loan servicing system to cash deposits. Prepare and process cash transfers to appropriate investor accounts per daily system reporting.

Process checks for the disbursement of customer escrow and reserve funds are done by instructions, and backup is provided.

• Maintain accurate accounting records and controls by following policies and procedures and complying with federal, state, and local financial and legal requirements.
• Perform customer service functions professionally. Customer service interaction includes both internal and external customers.

Communicates with servicers, trustees, vendors, grant program coordinators, and other government agencies.

• Prepare reports as required by the Treasury, State of RI, HUD, IRS, or RIHousing management. Such reporting may include grant reporting and compliance related to audits, IRS Forms 1098 and 1099 reporting, and reporting to Loan servicing and Homeownership departments.
• The ability to work under time pressure and adherence to deadlines are important for success in this role. Ability to independently manage priorities
• Recognize peak times and complete a high volume of tasks. During low-volume periods, seek additional tasks and opportunities for cross-training.

Participate in special projects or research as required.

What you’ll bring to the team :

• Process and apply cash receipts, specifically as related to customer payments and payoffs.
• Process disbursements, including check requests, ACH payments, and wire transfers.
• Enter data into the general ledger and subsidiary systems in an accurate and timely manner.
• Prepare daily and monthly reconciliations.
• Prepare and submit reporting information as required by third party partners.
• Performs special projects / research as needed.
• Understand the applicable policies, procedures, controls and authorization levels as they relate to the Junior Accountant’s job function.

What you’ll need to succeed :

• Bachelor’s degree in accounting, business administration or a related field is preferred
• 2-3 years of experience in accounting functions such as accounts payable / receivable or cash management
• Knowledge of or experience in the Financial or Mortgage industry
• Hands-on experience working with general ledger and ERP systems
• Strong analytical and problem-solving skills, detail-oriented
• Ability to work in a multi-project environment and adhere to deadlines
• Strong communication skills
• Proficiency using Microsoft Excel

Not sure you meet all qualifications? Let us decide!

RIHousing strives to ensure that all people who live or work in Rhode Island can afford a healthy, attractive home that meets their needs.

A good home provides the foundation upon which individuals and families thrive, children learn and grow, and communities prosper.

To achieve our mission, we :

• Offer fair, affordable, and innovative lending programs.
• Provide housing-related education to consumers and others.
• Promote and finance sensible development that builds healthy, vibrant communities.
• Provide housing grants and subsidies to Rhode Islanders with the greatest need.
• Team up with partners to improve everything we do.

RIHousing uses its resources to provide low-interest loans, grants, education, and assistance to help Rhode Islanders find, rent, buy, build, and keep a good home.

Created by the General Assembly in 1973, RIHousing is a privately funded public purpose corporation. RIHousing requires its employees to be highly motivated and knowledgeable, have a sound understanding of the changing needs of Rhode Island's housing market, be willing to work within and toward a smoothly integrated operation, demonstrate a commitment to serve the people of Rhode Island, especially those with low and moderate incomes in need of safe and affordable homes, and possess a high level of integrity and deep respect for all Rhode Islanders, including customers, partners and fellow employees.