Escrow Deposit Coordinator Job Listing at Valley Bank in Clifton, NJ (Job ID 25-1198)

Description

Responsibilities include but are not limited to:

• Open new escrow accounts, process additional deposits, and account closeouts daily.
• Perform research either electronically or manually to investigate and correct differences requested by attorneys, municipalities, and landlords.
• Perform customer maintenance.
• Communicate with agents and attorneys to process closeouts, changes, deposits, etc.
• Maintain electronic files including emails, W9's and customer related information upon opening and transacting on accounts.
• Process Escheat related functions, including sending out due diligence letters, annual filing to all US states and territories, and maintaining updated records within the escheat program.
• Daily proofs of the Escheat and Rent Security GL's.
• Process withholding requests and conduct outreach to customers for updated documentation. Documentation types include but are not limited to W-8 BEN, W9 withholding reversals and B-notices.
• Daily processing and proofs of withholding GL's. Enters the 945 and 1042 backup withholding payments on the IRS website.
• Year-end filing of backup withholding.
• Assist department as needed.