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Liberty Bank - CT · 1 day ago

Resort Finance Auditor

Middletown, CT

Full-time

Hybrid

Mid, Senior Level

4+ years exp

Liberty Bank is committed to maximizing impact and promoting a sustainable future. The Resort Finance Auditor is responsible for conducting audits of timeshare loans and ensuring compliance with policies and regulations while maintaining effective communication with various stakeholders.

BankingFinancial Services

Responsibilities

Schedules and performs audits of outside third-party servicing companies, borrowers which self-service, custodian companies, Wellington Financial (Liberty’s exclusive timeshare correspondent), and attends audits being conducted by other financial institutions in which Liberty is a participating bank

Conducts interviews, reviews documentation and recordkeeping and follows audit trails to identify irregularities in controls and procedures

Summarizes audit findings and prepares reports for the Manager of Resort Finance and the Commercial Servicing Manager outlining recommended corrective actions

Clarifies audit findings and explains subsequent audit recommendations to management, Wellington Financial, outside servicing/custodial companies and timeshare borrowers

Maintains effective communication with the above to facilitate completion of audits and to insure implementation of proposed recommendations

Keeps abreast of changes in Bank policy and procedures and applicable regulatory guidelines

Keeps the Manager of Commercial Loan Servicing and the Manager of Resort Finance abreast of information based upon auditing projects

Conducts comprehensive audits according to established plans identifying areas of existing or potential weaknesses

Prepares well written detailed reports which summarize audit findings including appropriate recommendations for corrective action

Maintains effective communication to foster a cooperative work environment in order to implement recommended courses of action

Provides guidance to less seasoned participants to insure proper analysis during field audits

Maintains up-to-date files and records to support audit findings

Adheres to applicable federal and state regulations and Bank policies and procedures, including OFAC, BSA, PATRIOT Act, Privacy, and consumer protection regulations pertaining to incumbent’s business line

Completes required training (on-line and in-person) by set due dates

Performs a selected number of advance audits on a monthly basis

Tracks, bills and collects applicable reimbursable expenses

Qualification

FinanceAuditRisk AssessmentFinancial Statement AnalysisWordExcelCommunication Skills

Required

Bachelor's Degree in Finance, Accounting, Audit, or related field of study

Four to Five plus years of related analytical/underwriting related experience

Thorough knowledge of existing loan policies, all aspects of financial statement analysis, and industry best practices in risk assessment and management

Excellent written and oral communication skills and a high level of proficiency in Word and Excel

Ability to Travel by Car/Airplane

General Office Equipment

Keyboard Dexterity

Personal Computers