Assistant Vice President – Loan Accounting

Position Overview

The Assistant Vice President – Loan Accounting will be directly responsible for all accounting activities related to the origination and sale of mortgage loans. This includes accounting for the repurchase of GNMA modification loans, and RoundPoint’s current business of re-financing loans currently within the RoundPoint servicing portfolio. This is a unique opportunity to head up a team formed only one year ago, and to continue to develop and evolve policies, procedures, business relationship, etc. in support of the Origination segment, which is targeted as an area of significant growth for the Company in 2018 and beyond. Reporting to the Vice President – Accounting, the Assistant Vice President will have a hands-on role in all of the team’s activities, initially managing one staff accountant but with the expectation of adding additional staff as volume warrants. The successful candidate will have a proven track record of success with specific prior experience in the loan origination and mortgage accounting industry.

 

Working Relationships

The Assistant Vice President – Loan Accounting reports directly to the Vice President - Accounting, and must create effective daily working relationships within the Accounting and FP&A departments as well as across the Origination segment’s business units, including Operations, Secondary Marketing, etc.

 

Key Tasks and Responsibilities

  • Work in collaboration with the Vice President - Accounting Officer to continue to evolve all aspects of the function
  • Complete the definition and deployment of the General ledger interface from the Loan Origination System (LOS)
  • Account for the hedging activities of Secondary marketing
  • Account for the daily gain on sale for origination activity
  • Work with Risk Management to define and quantify the methodology for repurchase and other reserves associated with the business
  • Work with Treasury operations to account for warehouse line activity
  • Responsible to ensure that Loan Accounting meets all relevant control and compliance requirements

Minimum Requirements

  • Bachelor’s degree in Accounting or Finance
  • CPA highly desirable
  • Extensive knowledge of mortgage origination accounting
  • Minimum of six years of experience in mortgage accounting
  • Expertise with the Microsoft office suite, particularly Excel
  • Experience with MS SQL and relational database architecture/design
  • Experience with automated accounting and origination systems
  • Specific experience with Encompass and Great Plains highly desirable

Physical Demands and Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job:

  • The employee is regularly required to talk or hear
  • The employee is required to sit for extended periods of time and is occasionally required to stand and walk
  • The employee must regularly use hands to finger, handle, or feel objects and is regularly required to reach with hands and arms; the employee may occasionally climb or balance, and stoop, kneel, crouch, or crawl
  • The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds
  • Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus
  • The noise level in the work environment is usually quiet to moderate, and no extreme conditions are present

 

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