Consumer Loan Servicing Manager jobs in Detroit, MI

Consumer Loan Servicing Manager manages the loan servicing function to deliver efficient collections, escrow, and cashiering operations. Establishes processes and procedures to maintain accuracy and completeness of required documentation. Being a Consumer Loan Servicing Manager sets operating performance metrics and standards for speed, quality, and customer service. Oversees the preparation of reporting for internal departments and external agencies. Additionally, Consumer Loan Servicing Manager coordinates audit requests and processes. Develops training and communication mechanisms that inform the team of regulatory requirements and updates. Typically requires a bachelor's degree. Typically reports to a senior manager or head of a unit/department. The Consumer Loan Servicing Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Consumer Loan Servicing Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)

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Consumer Loan Accounting Manager
  • Comerica Bank
  • Detroit, MI FULL_TIME
  • Consumer Loan Accounting Manager
    The Consumer Loan Accounting Manager is responsible for the management and supervision of the Bank's residential mortgage and consumer loan accounting functions and team members, which includes residential mortgage, HELOCs and other consumer loan products. The Manager also supports the accounting department's monthly close processes as well as ensures accurate external financial reporting is provided for consumer loan activities. The role will have a particular focus on providing meaningful financial analysis and driving business process efficiencies and automation.
    Position Responsibilities:
    Accounting Operations Management
    • Oversee and manage the Consumer Loan Accounting team to ensure timely and accurate accounting for loan origination, settlement and servicing activities, including review of journal entries and account reconciliations to ensure proper accounting.
    • Reviews the consumer financial loan activity (disbursements, payments, adjustments, sales, and purchases), to ensure accurate processing on the loan servicing sub-systems and general ledger impacts.
    • Manages compliance with general ledger and demand deposit account corporate reconciliation and aging standards for all consumer loan accounts.
    • Assist Consumer Loan Center (CLC) business partners with the review and maintenance of the Consumer Loan Policies and ensure compliance with these policies effectuates accurate accounting treatment under US GAAP.
    Change Agent and Project Coordinator
    • Serve as leader for Consumer Loan Accounting on digital transformation initiatives impacting the General Ledger or loan subledgers.
    • Support the development and maintenance of the financial systems utilized in the Consumer Loan area, including overseeing testing of the system for enhancements and upgrades in coordination with IT and the Systems Support team.
    • Make and implement recommendations which result in improvements to the integrity and quality of our consumer loan accounting processes, accounting policies and procedures along with the efficiency of the department.
    Analytics and Financial Monitoring
    • Analyze revenue and expense trends and report on net interest margin categories by assisting with month-end close analysis.
    • Prepare monthly financial analysis and coordinate with CLC business partners and business finance/FP&A for additional insights on performance trends.
    • Manages external Loan Center financial reporting including Federal Reserve Call Reporting and the FHLB audit for accounting; comply with government regulations and maintain procedures for timely and accurate reporting.
    • Lead all responses to risk management and internal control inquiries (including SOX) for the consumer loan accounting functional area, including providing relevant information to management, auditors, and regulators in accordance with monthly, quarterly, and annual deadlines.

    Position Qualifications:
    • Bachelor's degree in accounting, finance, management, or related field
    • 5 years of Experience in Accounting, Finance, or in Auditing (or a combination relevant to the job requirements)
    • 3 years of Experience with financial analysis and reconciliations
    • 3 years of Experience in management or supervision
    • 2 years of Working on a project team or leading projects; experience with implementing systems and/or process changes
    • Knowledge of consumer loan settlement processes and banking products
    License or Certification:
    • CPA Preferred (or specialized experience, certification, license, or advanced degree in area of expertise)
    Comerica Bank Center (CBC)
    8:00am - 5:00pm Monday - Friday This position offers a hybrid work model that includes onsite and remote days as determined by the manager.
    Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.

     

  • 10 Days Ago

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Sales and Loan Associate / Manager Trainee
  • American Jewelry and Loan
  • Pontiac, MI FULL_TIME
  • Job Description We are Michigan's premier operator of pawnshops currently operating 5 locations in the Metro area including Pontiac, Hazel Park, Southgate, Lincoln Park and most notably Detroit, the h...
  • 7 Days Ago

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Loan Servicing Compliance Analyst
  • Comerica Bank
  • Livonia, MI FULL_TIME
  • Loan Servicing Compliance Analyst The Loan Servicing Compliance Analyst is responsible for developing and monitoring effective controls for Commercial Loan Services and ensuring risk mitigation as wel...
  • 12 Days Ago

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Consumer Loan Sales Specialist
  • OneMain Financial
  • Livonia, MI FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers - listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses.ConsumerLoan Sales Special...
  • 16 Days Ago

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Consumer Loan Supplier Analyst
  • Comerica Bank
  • Auburn, MI FULL_TIME
  • CLC Supply AnalystThis position is tasked with managing some smaller supplier relationships supporting the bank and all employees. Often this is the first step in moving into higher level management o...
  • 29 Days Ago

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Consumer Loan Service Delivery Analyst
  • Comerica Bank
  • Auburn, MI FULL_TIME
  • Consumer Loan Center Operations Analyst The Consumer Loan Center (CLC) operations Analyst role will be responsible for all facets of Consumer Loan Servicing with internal and external customers for th...
  • 20 Days Ago

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0 Consumer Loan Servicing Manager jobs found in Detroit, MI area

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Voya Detroit Financial Advisor
  • Voya Financial Advisors
  • Detroit, MI
  • Voya Financial Advisors®, Inc., a leading independent broker-dealer in the defined contribution & defined benefit busine...
  • 4/16/2024 12:00:00 AM

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Financial Services Representative - Troy, MI
  • Fidelity TalentSource LLC
  • Troy, MI
  • Job Description: Financial Services Representative Have a passion for helping people? Join our team of Financial Service...
  • 4/16/2024 12:00:00 AM

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Financial Services Representative
  • Michigan First Credit Union
  • Eastpointe, MI
  • Location : Address: 21650 Gratiot Location : City: Eastpointe Location : Postal Code: 48021 Responsibilities: Financial ...
  • 4/15/2024 12:00:00 AM

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VP, Financial Consultant - Birmingham, MI
  • Charles Schwab
  • Royal Oak, MI
  • Position Type: Regular Your Opportunity t Schwab, youre empowered to make an impact on your career. Here, innovative tho...
  • 4/15/2024 12:00:00 AM

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VP, Financial Consultant - Birmingham, MI
  • Charles Schwab
  • Redford, MI
  • Position Type: Regular Your Opportunity t Schwab, youre empowered to make an impact on your career. Here, innovative tho...
  • 4/15/2024 12:00:00 AM

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VP, Financial Consultant Novi, MI
  • Charles Schwab
  • Clawson, MI
  • Position Type: Regular Your Opportunity At Schwab, youre empowered to make an impact on your career. Here, innovative th...
  • 4/15/2024 12:00:00 AM

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Financial Projections Writer - Business Consultant
  • QT Business Solutions
  • Southfield, MI
  • Job Description Job Description Job Summary Provides business consulting, financial projections creation and maintain th...
  • 4/14/2024 12:00:00 AM

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Financial Services Representative
  • Michigan First Credit Union
  • Southfield, MI
  • Location : Address: 27000 Evergreen Location : City: Lathrup Village Location : Postal Code: 48076 Responsibilities: Fin...
  • 4/13/2024 12:00:00 AM

Detroit (/dɪˈtrɔɪt/, locally also /ˈdiːtrɔɪt/; French: Détroit, lit. 'strait') is the largest and most populous city in the U.S. state of Michigan, the largest United States city on the United States–Canada border, and the seat of Wayne County. The municipality of Detroit had a 2017 estimated population of 673,104, making it the 23rd-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area. Regarded as a major cultural center, Detroit is known for its co...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Servicing Manager jobs
$78,520 to $116,895
Detroit, Michigan area prices
were up 1.2% from a year ago

Consumer Loan Servicing Manager in Santa Barbara, CA
For these consumers, especially in today's risk-averse lending environment, access to appropriate financing options can be a challenge.
December 20, 2019
Consumer Loan Servicing Manager in Rock Hill, SC
As an entry-level position, the salary that Consumer Loan Servicing clerks make is dynamic, with raises being commonplace for performance and initiative, and the prospect of promotion promising further salary increases.
December 12, 2019
Consumer Loan Servicing Manager in Lubbock, TX
Consumer Loan Servicing Managers are an integral part of the Loan application process, working not only with the support and administrative staff to coordinate and streamline the process of lending, but also directly supervising a team of specialized clerks to ensure accurate and timely receipt of information and documents within a lending organization.
January 02, 2020