Ref No.: 20-02534
Location: New Britain, Connecticut
Pay Rate : $ 30.00 /Hour
Duration: 6 months until full-time conversion
Location: 436 Slater Road, New Britain, CT
(remote until further notice)
Hours: Mon - Fri / Normal Business Hours
Pay rate: $30 per hour

Position Summary:
  • Responsible for various loan and payment processing involving residential, business banking, and Small Business Administration (SBA) loans. Work with existing staff to process transaction-level activity in support of the Payroll Protection Program (PPP), the CARES Act, and general deferment activity.
Key Responsibilities:
  • Processes the forgiveness transactions for the Disaster Assistance (EIDL) loans and grants where the customer also has a funded PPP loan.
  • Assists in the set-up, transactional payments, application of government support and return to the accrual of deferrals for the 1,000+ Business and Professional Banking Accounts.
  • Balances the SBA transactional account (DDA).
  • Applies the monthly payments for the CARES act loans.
  • Assists with the design, implementation, and monthly execution of the SBA 1502 report, the process by which we transact with the SBA.
  • Performs basic to moderately complex general accounting activities, including the preparation, maintenance and reconciliation of transaction and ledger accounts.
  • Prepares records, analyzes and reports accounting transactions and ensures the integrity of accounting records for completeness, accuracy and compliance with accepted accounting policies and principles.
Education, Experience, and Skills:
  • Bachelor's degree in accounting or equivalent combination of education and work experience required
  • 2 - 4 years of accounting experience in public accounting or the financial services industry preferred
  • Account reconciliation
  • Payment processing
  • Ability to post entries and update loan records
  • Attention to detail