Hiring Range: $19.33 - $28.95
The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.
*** Please note, this role is a hybrid position based out of our Manchester, NH location***
The role involves managing and reconciling payroll and employee benefit entries, maintaining records of loans, and handling loan-related inquiries and transactions. Candidates should have strong Excel skills, a good understanding of GAAP, and experience, preferably in mortgage or banking. A bachelor’s degree and relevant experience are required. The position demands attention to detail, adaptability in a fast-paced environment, and effective communication skills.
ESSENTIAL DUTIES:
- Maintain and update records for Loans Held for Investment (LHFI) and Non-Performing Loans.
- Track accounts receivable and follow up on aged items in monthly servicing meetings
- Calculate and record interest for LHFI and Loans Held for Sale portfolios.
- Serve as primary contact for LoanCare (subservicer) inquiries and prepare related entries.
- Reconcile Loans Held for Investment (LHFI) portfolio to LoanCare
- Manage loan-related transactions including buyouts, repurchases, payments and modifications.
- Reconcile assigned balance sheet accounts and upload them to Frontier.
- Prepare month end accruals.
- Manage daily cash reconciliations and transfers.
- Approve wire transfers and process remote deposits and accounting mail.
- Assist the team in month end account fluctuation analysis.
- Provide backup for accounts payable and manual check processing.
- Prepare and file annual 1099 reports with state and federal agencies.
- Support timely and accurate monthly, quarterly, and year-end close processes.
- Perform additional duties as assigned.
KNOWLEDGE, SKILLS AND ABILITIES:
- Highly skilled in dealing with financial and numerical data.
- Proficient in Excel.
- Strong knowledge of GAAP and ability to research, interpret and administer accounting rules.
- Working knowledge of financial accounting systems, LOS and compensation systems. Preferably Oracle and Ice Mortgage – Encompass.
- Prior accounting experience in the mortgage or banking industry preferred.
- Loan Servicing knowledge.
- Reconciliation knowledge.
- Ability to adapt to change and function effectively in a fast-paced, team environment.
- Excellent communication skills, verbal and written.
- Highly driven with a strong attention to details to ensure timely and accurate reporting.
EDUCATION:
- Bachelor’s Degree in Accounting
- Minimum two years of related work experience
- Prior audit experience is preferred
Skills Required
- Bachelor's Degree in Accounting
- Minimum two years of related work experience
- Prior audit experience
- Strong knowledge of GAAP
- Highly skilled in Excel
Eastern Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Eastern Bank and has not been reviewed or approved by Eastern Bank.
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Retirement Support — A defined‑benefit pension layered with a 401(k) and ESOP/cash‑balance elements creates uncommon depth for long‑term wealth building. This retirement stack differentiates the total package versus many regional banks.
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Equity Value & Accessibility — An employee stock ownership plan adds equity participation alongside core pay and benefits. IPO‑related share allocation underscores the program’s role in total rewards.
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Inclusive Benefits Coverage — Long‑standing LGBTQ+ support and sustained recognition for equality practices indicate benefits parity such as equal partner coverage. Employee networks and an inclusion focus are positioned as integral to the overall benefits experience.
Eastern Bank Insights
What We Do
Founded in 1818, Boston-based Eastern Bank is Greater Boston’s leading local bank and the largest bank-owned independent investment advisor in Massachusetts with approximately 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management and Private Banking divisions, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Member FDIC, Equal Housing Lender Investments are not FDIC Insured • May Lose Value • Not Bank Guaranteed • Not a Deposit • Not Insured By Any Government Agency
