Positions Available | Massachusetts Mortgage Bankers Association

Positions Available

Positions Available

Senior Financial Analyst

The Senior Financial Analyst should be an entrepreneurial and open-minded individual with a desire to contribute to a fast-paced, growing company. The candidate will report directly to the Treasurer of the bank and be responsible for the day-to-day activities of the finance team.


  • Manage the Bank’s monthly cost accounting program, responsible for updating the model and performing analysis of results.
  • Prepare the annual and 3-year budget, alongside the Bank’s CFO and Controller, measuring monthly actual performance against the budget.
  • Lead the Bank’s monthly budget plan, coordinating ongoing meetings with other division managers, preparing reports and other deliverables to present results.
  • Produce ad hoc budget, profitability and financial analysis as needed.
  • Oversee the Bank’s budget software solution. Serve as the department’s expert on the budget software, evaluating processes and recommending changes to increase efficiencies.
  • Assist in the monthly financial reports for senior management, department management, the ALCO committee, and the Board of Directors as needed.
  • Lead efforts to ensure that systems, controls, and infrastructure are in place to support a high growth entity.
  • Drive process improvements that result in cost savings initiatives.
  • This position is highly demanding not only from the Controller, CFO and other senior management expectations, but also from the collaboration and needs of the other division managers.
  • This position provides a great opportunity for immediate, hands on, high-level experience and is ideal for individuals looking to one day lead the finance division of a financial services institution.
  • Conduct performance reviews and provide for the ongoing guidance, training and direction of junior staff.


  • The ideal candidate must have 5+ years of banking experience, 5+ years of experience in a finance role, or a combination of both.
  • Bachelor’s degree (or equivalent) with a major in accounting, finance, or economics.
  • Master’s degree in Finance is a plus.
  • Experience working within cost accounting and/or profitability models.
  • Understanding of budgeting software.
  • Understanding and familiarity with Fiserv is a plus.
  • Other qualifications include strong leadership, interpersonal, organizational, detail-oriented, problem-solving, planning, multi-tasking, verbal and written communication skills.
  • The ideal candidate will be proficient in Microsoft Office with an advanced excel spreadsheet aptitude.


Job Title: Loan Operations Administrator, GL & Investor Loans

Department: Loan Operations

Reports To: Loan Operations Manager, Assistant Vice President

FLSA Status: Non-Exempt

Grade/ Band: 3


Under the direction of the Loan Servicing Manager the incumbent will be the primary representative responsible for the Investor Administration, Loan Sale Administration, and General Ledger Loan Operations reconciliation under established guidelines and policies by performing the following duties. Incumbent will be primary back up forExceptions Processor.


• Complete monthly remittance for Investor Repormg loans including monthly reconciliation of their respective DOA.

• Prepare all tickets and reconcile monthly remittances from purchased and participation loans. Ensure these loans are being serviced per loan purchase/servicing agreements.

• Ensure all funds due for investors' monthly remittances are remitted within the allotted time, avoiding late remittance penalties, including loan pay payoffs.

• Obtain confirmation of all deliveries; monitor receipt of funding; and prepare all tickets associated with the funding on time.

• Remain abreast of Fannie Mae guideline changes as they pertain to Investor Reporting and remitting.

• Reconcile all investor control and DOA accounts for principal and interest, taxes and insurance Perform the research and resolution of any investor outages.

• Update and monitor Fannie Mae notifications through appropriate reporting systems and communicate any significant changes to management.

• Submit completed documents for sold loans before the commitment expiration date.

• Ensure all documentation is delivered to investors' bank files are updated accordingly.

• Perform all data entry to the secondary market systems upon request of management on all loan sales.

• Prepare all tickets and perform all data entry upon receipt of funding advice.

• Prepare monthly Loan Sales Report.

• Monitor all loans serviced by others, report on others, and apply for funding appropriately.

• Conduct the monthly revlew of exception or extraordinary accounts.

• Conduct a quarterly review of Interest Accruals and prepare adjustments to the general ledgers, as needed.

• Complete da y and monthly reconciliation of all Loan General Ledger Accounts.

• Complete accurate and timely annual certifications for all Investors

• Reconcile critical Loan Operations control accounts daily. Report on unidentified variances to management.

• Reconcile all Loan Operations control accounts to the Bank's General Ledger. Identify and analyze variances.

• Prepare entries, review, and reconcile all FASS-related entries, such as FASS 91, FAS 120, FAS 115, etc.

• Reconc e Online payment account to clear appropriate GL's daily and review payment activity

• Utilize FTM system to process appropriate GL and loan sale transactions

• Assist with any audit requests and findings about Investor Administration, Loan Sales, and General Ledger ReconcUiations.

• Maintain and update all current procedures related to the job function.

• Assist with customer service issues, as needed.

uD Dedham Savings

• Assist with residential new loan set up as requested by management

• Stay current with regulatory requirements and knowledge of all Bank products and services to properly service the borrowers and loans.

• Exhibit ability and desire to embrace and enhance the Dedham Savings culture.

• Consider this description to be the foundation of your Job, not its boundaries. Expect to participate in internal and external training sessions and activities not described here which enhance the quality of service to the customer.


To perform this job successfully, an individual must be able to perfonn each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.

• High school diploma or two to four years of equivalent experience

• Knowledge of daily loan operations functions

• Effective written and verbal communication skills

• Effective problem-solving and resolution skills

• High level of accuracy and detail-orientation

• Ability to meet deadlines and prioritize workflow

• Proficiency with Microsoft Office

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perfonn the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.

While perfonning the duties of this Job, the employee is regularly required to sit. The employee is occasionally required to stand, walk; use hands to finger, handle, or feel; reach with hands and anns and talk or hear. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, and the ability to adjust focus.

Work Environment

The work environment characteristics described here are representative of those employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perfom, essential functions.

The noise level in the work environment is usually moder