City National Bank · 12 hours ago
Loan Balancing Specialist
Los Angeles, CA
Full-time
Onsite
Mid Level
$24.46/hr - $36.69/hr
3+ years expCity National Bank is a subsidiary of Royal Bank of Canada, providing financial services since 1954. The Loan Balancing Specialist is responsible for balancing and reconciling all pass-through loan accounts, ensuring accurate financial reporting and compliance with bank policies and regulations.
BankingFinanceFinancial Services
Responsibilities
Researches and reconciles simple to moderate out of balance conditions for all loan accounts on FIS. Researches and balances individual loan processor’s transactions, when applicable, and passes any correcting entries that may be required
Reviews FIS reports for reconcilement of loan asset account balances. Researches and passes any correcting entries that may be required
Reviews and reconciles daily designated DDA “bank control” accounts (e.g., ACH payments, consumer loan closing costs, etc.), GL transaction accounts (e.g., Cash Item Holdovers, East Coast Fundings, Colson Payable, SBA Repurchase payables)
Reconciles daily suspense resources, suspense liabilities and undisbursed borrower’s funds
Maintains ledger files, balancing, reconcilement and GL records per internal guidelines, and processes transactions related to bulk mortgage loans
Provides support when needed for AFS reconcilement and all other duties as assigned
Maintains a proactive commitment to established bank programs, such as Community Reinvestment Act (CRA) and Affirmative Action
Complies fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.)
Qualification
Required
Minimum 3 years commercial loan processing experience
Minimum 2 years of experience in balancing pass through accounts and interface applications
Minimum 2 years of basic accounting experience
Preferred
Working knowledge and understanding of the accounting processes
Knowledge of Interface relationship from FMS, Deposits, POD items, etc. is critical to the balancing function
Solid problem solving and extensive knowledge of financial calculations required
Ability to review and reconcile a heavy volume of transactions and provide solutions to most problems
Benefits
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
1001-5000 employees
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
Howard Hammond
CEO City National Bank
Fiyaz Khan
Senior Vice President, Structured Products
Recent News
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