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Escrow Accounting Coordinator

Compass

Compass

Accounting & Finance
Philadelphia, PA, USA
Posted on Thursday, June 8, 2023

The Escrow Accounting Coordinator at SQS Square Settlements is primarily responsible for all escrow related
accounting procedures relating to title operations.

Role Responsibilities:
• Posts incoming wire transfers and initiates outgoing wire transfers
• Posts deposits to closing order ledgers
• Prepares daily trial balance
• Performs monthly review of outstanding checks and escrows and seeks resolution
• Balances and scans daily deposits and runs daily reconciliation reports
• Processes positive pay exception items daily
• Inputs and reports of 1099-S data
• Annual filing of escheatment of funds
• Monitors monthly account reconciliation and reports unclaimed funds requirements
• Recovery of settlement losses
• Prepares invoices and processes revenue
• Processes void check requests
• Prepares and processes deposits to appropriate accounts
• Assist with recording of settlement documents.
• Assist with preparation and issuance of title insurance policies.
• Complies with all regulatory requirements.
• Prepares weekly, bi-weekly, and monthly reporting on revenue and units
• Assists with correspondence between SQS and our corporate stakeholders and shareholders
• Identifies and communicates areas of improvement regarding operations to management
• Performs other tasks, duties, or projects as assigned by management.


Required Skills and Competencies:

• Detail-oriented and professional
• Strong communication, both verbal and written
• Proficiency in applications such as MS Excel and other MS Office products
• Experience in Qualia (Preferred but not required)
• Able to maintain work priorities in an environment with multiple concurrent tasks and projects and
maintain flexibility related to assigned tasks
• High attention to detail a must

Experience:

• 3 years of experience in a Title/Escrow position

Job Type:
• Exempt Status
• Full-time

Direct Report:
• Director of Operations