Celink · 9 hours ago
Cash Manager
Tulsa, OK 74134, USA
Full-time
Hybrid
Mid, Senior Level
3+ years expCelink is a company focused on HUD Servicing Operations, seeking a Cash Manager. The Cash Manager will oversee the management and reporting of cash transactions related to the Department of Housing and Urban Development's Home Equity Conversion Mortgage loan portfolio, ensuring compliance with quality standards and accounting principles.
Financial Services
Responsibilities
Management of Loan Conversions, to include daily electronic boarding, and validation of all initial 2nd Trust Partial Claims from HUD’s Claims Processing system
Reconciliation of all loan asset sale transactions based on settlement log received from NSC as a result of loan sales
Validation of all new compliance and direct loans in support of the Good Neighbor Next Door, ACA, and other direct loan programs
Validation invalid checks, posting valid checks, to the accurate account and complying with payment application requirements
Reconciliation of funds transmitted to the Treasury Department via the OTCnet remote deposit service
Validation of QC and issued payoff requests for all Portfolios
Monthly by the 2nd business day, validate, process, print and reconcile all HECM scheduled payments and transmit ACH file to disbursing bank
Receive from servicing, validate supporting documentation, confirm program compliance, of all unscheduled disbursement requests for HECM loans
Receive approved invoices for property inspections, legal fees, taxes, insurance, loss draft and other payments, validate supporting documentation, verify funds available, post disbursement, print, package and mail payments
Manage daily funding process to assess the amount of funds required to cover cleared items, request and monitor advance of funds
Manage the issuance of Cashier’s checks for required disbursements to include transfer of funds and purchase of Cashier’s checks at bank
Manage the daily processing of disbursements through the Treasury SPS, to include daily budget obligation to FHASL, SPS disbursement file, and transmittals to HUD Cash Management and monthly reconciliation of cleared, voided and returned checks
For all loan payoffs, validate, loan packages and deliver Mortgage Release Authorization and supporting documentation package to the Lien Release Department
Oversee collection registers for review
Oversee Daily HUD funding request for reimbursement of the Controlled Disbursement Accounts; forwarded to Cash Manager for review
Daily, weekly and monthly by the 5th business day, prepare a full reconciliation of all cash activity, between Treasury, Bank, Servicing System, and HUD’s General Ledger and Cash Reporting System
Log, track, research and clear all reconciling items within 30 days
Oversee 557 Cash Transfers, for intra-agency transfer of funds, send to counter party, verify clearance, post to servicing system and reconcile all transactions
On the last day of each month, assist with the month-end close process, calculation and posting of accruals, scheduled payments and other month-end accounting transactions and prepare twenty plus monthly deliverable reports
By the 2nd Business Day of each month validate and reconcile all monthly deliverable reports, package and deliver to HUD GTR, NSC and the General Ledger Division
Perform Quality Control of all transactions processed in both systems to include validation of supporting documentation, posting, data completeness, policy and regulation compliance and record all discrepancies, complete corrections, research root cause, create, track, and remediate all control weaknesses through corrective action plans
Quarterly review all HUD QC findings reports for Cash Management and Accounting, research root cause, prepare corrective action plans, implement, and remediate control weaknesses
Maintain, update, and train all staff on comprehensive transaction processing policies and procedures, provide reinforcement and work with auditors to ensure all control and compliance documents are up-to-date, accurate, and fully implemented and followed by staff
Record, monitor, report, and manage Cash Management Key Performance Indicators (KPI) to include accuracy, timeliness, QC, and staff performance and work with management to expand or right-size staff
Monitor, report, counsel, reinforce training, and replace staff not meeting performance standards
Manage incoming/outgoing mail all required documentation to the servicing system, file, organize and deliver all hardcopy documents to offsite storage per contract policy. related to the Department
Ensuring that the sample for audit of transactions is a representative of the population
Qualification
Required
Ability to clearly communicate verbally and in writing, internally and externally
Knowledge of all cash management and accounting related industry standard processing of loan conversions, accounts payable, accounts receivable, escrow, general ledger accounting and reporting
Ability to analyze accounting reports
Thorough knowledge of accounting methodologies, federal fund accounting and transactions processing
Knowledge of loan servicing and industry standard practices, business processes and controls
Microsoft Office proficiency with extensive Excel analytical and problem-solving skills
Ability to follow instructions and established procedures
Ability to multi task and meet established deadlines
Bachelor's degree, in Business or related field or equivalent experience
Minimum of three (3) years Mortgage Servicing Related Accounting experience
Certified Public Accountant (CPA) license
Experience with Cash Management Regulations including Credit Reform
Experience must have been acquired within the last four (4) years
Preferred
Strong Cash Management, Customer Service, Mortgage Banking, and accounting expertise
Company
Celink
Celink is a Michigan-based independent subservicer of reverse mortgages.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
Comvest PartnersFurther Global Capital Management
2025-05-07Debt Financing
2018-01-01Private Equity
Leadership Team
Marion McDougall
CEO
Recent News
2025-11-05
2025-06-07
2025-04-26
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