Escrow Deposit Coordinator - Clifton, NJ

Valley National Bank
$17.31 - $28.85 / hr
paid time off
United States, New Jersey, Clifton
925 Allwood Road (Show on map)
Nov 13, 2025
Back Escrow Deposit Coordinator #25-1198 Clifton, New Jersey, United States Apply X Facebook LinkedIn Email Copy Job Overview At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice--building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth--with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US. At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you--working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients--that includes all our associates as well. The Escrow Deposit Coordinator is responsible for the daily processing of escrow deposits and closeouts, W8Ben(E), withholding processing and Escheat. Expected Work Hours 40 Job 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. Requirements Required Skills: Basic PC skills for Microsoft Office -- Word, Excel and Outlook. Good verbal and written communication skills. Ability to prioritize and organize assignments. Ability to handle multiple projects simultaneously. Required Experience: High School Diploma or GED and a minimum of one year of related experience. Full-time/Part-time Full-time FLSA Non-exempt Location(s). 925 Allwood Rd, Clifton , New Jersey 07012 , United States Total Rewards Summary We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions. In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process. Job Details Pay Range Pay Range The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay. The actual pay rate will depend on the person's qualifications and experience. $17.31 - $28.85 / hour Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.