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Loan Accounting Manager
loanDepot
Lake Forest, CA, United States
Job Details - this job has expired, please see similar jobs below
The accounting manager will perform supervisory level duties to support the Loan Accounting, Servicing Accounting & Trust Accounting teams. They will assist in maintaining the accuracy and integrity of general ledger, control and compliance with company policies/procedures and all regulatory requirements. They will also assist business partners with day-to-day operational activities, research & interpret discrepancies to determine proper recording of revenue/expense.
Responsibilities:
• Review and supervise the following tasks:
◦ Loan Accounting and Trust Accounting
# Daily loan funding
# Daily warehouse settlements
# Request, record & reconcile trust transfers (insuring & appraisal/lock fees)
# Recording loan sales at the pool and correspondent level
# Monthly account reconciliations of 11 warehouse accounts (LHFS, Payable & Cash)
# Wire transfer approvals for insuring
# Recording supplemental wires
# Monitoring returned excess funds for overfunding/incorrect purchases
# Reconciling/recording Broker compensation
# Reconciling DPA grants
# RBV’s
◦ Servicing Accounting
# Work with Servicing team to accurately record transactions related to interim servicing and sub-servicing
# Supervise and review daily transfers submitted by Servicing team
# Monthly account reconciliations for insuring
# Manage booking of custodial accounts
# Supervise daily deposits & recording of the transactions in AMB
• Assist in Month-end financial close
• Special projects as assigned
• Prepare internal and external financial statements by gathering and analyzing information from the general ledger system
• Develop spreadsheet reports
• Answer accounting and financial questions by researching and interpreting data
• Automate procedures
• Streamline processes
Requirements:
• 3-5 years Accounting & Management experience
• Experience with AMB, Servicing System & Oracle
• Experience in mortgage banking and/or financial services industry preferred
• Proficiency in MS Office
• Advanced skills in Microsoft Excel required
• Excellent verbal & written communication skills
• Ability to work well with other departments in the company to implement processes/procedures (FP&A, Treasury, Processing, Funding, Capital Markets, Post Closing & Servicing)
• Flexibility to work after hours, weekends and/or holidays as needed in conjunction with the monthly and quarterly close process
The Perks:
• Competitive compensation reliant on ability & experience
• Excellent benefits package including multiple health, dental & vision options
• Company paid life and AD&D Insurance, as well as additional voluntary benefit possibilities
• 401K with robust company match
• 15+ PTO days, in addition to 8 paid company holidays
• The opportunity to work for America’s Lender under the vision of industry legend, Anthony Hsieh
loanDepot is a proud equal opportunity employer.