Job Description

Archdiocese of New York

Parish Assistance Corporation (PAC) Office

Senior Finance Associate of Loan Administration

December 2024

Department Overview:

The Parish Assistance Corporation (PAC) is a New York not-for-profit membership company that is legally separate from, but operating in conjunction with, the Archdiocese of New York pursuant to service level agreements. The purpose of the PAC is to financially support parishes and other Catholic Organizations under the auspices of the Roman Catholic Archdiocese of New York by borrowing from and lending to parishes and other Catholic organizations. PAC is permitted to borrow and to lend to finance capital projects. PAC works closely with other archdiocese departments including Capital Projects and Parish Finance. The PAC loan portfolio currently consists of about 500 loans to 120 parishes.

Position Overview:

This position is integral to the operations of the PAC. This role supports the Assistant Director of Loan Administration in the day-to-day operations of the PAC with the focus on maintaining an accurate and up-to-date accounting and reporting of PAC’s loans payables and loans receivables and maintaining online files of the transaction data related to DLS using consistent labeling.

Reports to:Director of the Parish Assistance Corporation

Responsibilities:

• Responsible for the integrity of the data in DLS (PAC’s deposit and loan software and primary accounting/operating system); this includes but is not limited to:
  • Inputting new account information and daily receipt and disbursement information for both loans to the PAC and from the PAC into DLS.
  • Preparing vouchers for receipts and disbursements for processing by the accounts payable team.
  • Ensuring no disbursements are made until relevant approvals and documentation are obtained.
  • Completing the monthly closing of DLS and providing data files for input to Lawson.
  • Reconciling DLS and Lawson monthly.
• Prepare and distribute quarterly bills/invoices to borrowers of loans from the PAC and issue and distribute interest checks for loans to PAC.
• Have a strong understanding of accounting and financial reporting to prepare monthly financial statements. Have a solid grasp of Excel and an ability to understand and interpret data to provide meaningful analytics for management reporting.
• Understand credit risk to assist the Director of PAC with loan approvals, loan reviews, and the annual audit review. Review and evaluate the loan performance/classifications at each calendar quarter end, loan collections rates, and repayment capacity. Help prepare and analyze reports designed to improve the management of the loans to and from PAC.
• Respond to inquiries relating to DLS data from both internal and external constituents. Interface and collaborate with archdiocesan teams (including but not limited to Parish Finance, Finance, Accounting, and Capital Projects).
• Liaise with The Computer Department, Inc. (DLS provider) regarding system upgrades and requested enhancements and reporting.

Education, Experience, and Skills:

• Bachelor’s degree in accounting/ business or 5 years equivalent work experience.
• Must be detail-oriented and with the ability to work independently.
• Must possess excellent analytical, communication, and interpersonal skills.
• Experience with loan administration and/or loan review helpful.
• Strong proficiency in the use of Microsoft Word and Excel. Knowledge of Lawson and DLS is helpful.

Compensation range for this position is: $75,000 – $85,000 annually.

This position is considered exempt and not eligible for overtime. 

Interested candidates should send a cover letter and resume to:
Denise.Magyer@archny.org

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