Job Openings Loans Bookkeeper

About the job Loans Bookkeeper

Position Title

Loans Bookkeeper

Rank

Unit/Section

Rank and File to Supervisor

N/A

Department

Loans Reporting and Bookkeeping Department

Division

Loans Administration Division

Reports To:

Loans Reporting and Bookkeeping Officer

Supervises

N/A

Updated As of

April 7, 2022

JOB SUMMARY / PRIMARY ACCOUNTABILITIES:

  1. The Loans Bookkeeper handles the daily posting of loan collection payments in the Web Loan System and checks and balances posted payments in the system at the end of the day.
  1. The Loans Bookkeeper monitors bounced and postdated checks and endorses accounts with new missed payments to the Collection Department.
  1. The Loans Bookkeeper assists clients with adjustment requests on their due date and endorses the request to the Cash Department.
  1. The Loans Bookkeeper monitors full payment of accounts and ensures the issuance of a Certificate of Full Payment.
  1. The Loans Bookkeeper validates loan payment posted to ensure accuracy to the system.
  1. The Loans Bookkeeper monitors the collection status of loan accounts.
  1. The Loans Bookkeeper ensures completeness of manual posting in GL net.
  1. Management:
    1. Assists client inquiries such as:
  1. Full Payment Discount
  1. Due date adjustment in SOA
  1. SOA concerned with penalties
    1. Performs other functions as directed by the management from time to time.
  1. Operations:
    1. Handles posting of loan payments in the Loan System of the Bank. The other processes aside from posting payments are;
  1. Applying discount on Unearned Interest
  1. Waiving of Penalty Charges and other loan charges (if any)
  1. Reclassification of breakdown of payments.
  1. Updating of Loan Charges in the SOA
  1. Recon of payments and charges
    1. Attends customers questions, requests, and concerns immediately and courteously.
    2. Facilitates satisfactory resolution to all concerns raised by the client.
    3. Summarizes companys loan payments to various payment channels
  1. Monitoring and Reporting:
    1. Monitoring of Certificates for Full Payment, Partial Collateral

Release and Loan Existence and Obligation

2. Monitoring and Reporting of Loan with new Missed Payment

3. Monitoring of Loan Collections

COMPETENCIES:

  1. Basic Accounting and Bookkeeping
  1. Loan Management
  1. Date Entry and Management; Reporting
  1. Attention to details
  1. Information gathering and monitoring
  1. Knowledge of clerical and administrative procedures such as filing and record-keeping
  1. Time Management Skills
  1. Work independently and collaborative environment
  1. Problem Assessment and Solving
  1. Flexibility and Adaptability

QUALIFICATION GUIDELINES:

Education

:

Must possess at least a Bachelors degree in business, finance, economics, accounting management, or marketing degree.

Experience

:

Preferably 1 year of experience in Loan Management, and Bookkeeping from a reputable banking/financial institution.

Others

:

Keen on details, with strong analytical and critical thinking skills. Good communication skills, good customer service.

Employee Name

Supervisor Name

Current Level

Signature

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