Motor Vehicle Title Specialist - AVP

Job Level: Associate

Job Function: Lending Operations

Location:

New York, NY, US, 10017

Employment Type: Full Time

Requisition ID: 6856

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $80,000.00 and $94,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

The Loan Documentation & Processing Associate is responsible for handling accounting operational tasks. Person will work with AP and AR transactions, and closely with the VP within Accounting to ensure that cash transactions are properly recorded.

Role Objective

The job responsibilities are described herein:

Record AR receipts related to customers within the management system Aspire. Payments could be received by wire, ACH, or check.
Prepare manual journal entries to record cash receipts that can not be managed within Aspire.
Prepare wire payments through E-moneyger associated with new contract fundings.
Enter payment details into Aspire to record the wire payments within the accounting system.
Record the return of any check or ACH payments within the Aspire system.
Collaborate with other departments to ensure delinquent payments are followed up on.
Prepare daily ACH transactions using E-moneyger to collect money from customers.
Reconcile general ledger accounts to ensure accuracy and completeness.
Any other accounting operation assignments as become necessary.

Qualifications and Skills

Strong verbal and written communication skills.
Ability to collaborate with cross-functional teams and contribute to decision-making.
Ability to multitask and work under pressure and time constraint.
Must have intermediate skills with excel to handle multiple manual processes, using formula like vlookup, sumif and pivot tables.
Knowledgeable of lease management systems (Aspire, Sungard Ambit Asset Finance, or similar application systems).
Knowledge of USGAAP, financial regulations, and compliance standards.
Experience with making journal entries and accounting basics such as debit and credit.
2-5 years of specialized experience in Financial Services.
2 to 4 years of experience in an accounting or finance role with a focus on operations. Experience with financial statements and the general ledger.
BA / BS (or equivalent experience) - Preferred in Accounting or Finance.
MS Office (Word, Excel, Powerpoint), Lease application (Aspire, Sungard Ambit Asset Finance, or similar application systems), Tvalue (or any other lease calculation application).

Additional Requirements

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.