Staff Accountant Investor Reporting (Non-LO-No Consumer Contact)
The Staff Accountant Investor Reporting is responsible for preparing certain monthly accounting reports for the serviced only and securitized loans. Maintaining positive relationships with investors and stakeholders through accurate and timely reporting is fundamental for success in this role. The Staff Accountant reports to the Accounting Manager Investor Reporting and supports the department through the completion of other reconciliations, projects, special assignments given by senior leadership.
Job Functions:
1. Monthly Tasks and Reconciliations
Completes all monthly close task items in compliance with the appropriate Pooling and Servicing Agreement or governmental regulations for assigned investor; this includes rolling files, compiling data, running queries, updating reports, inputting close journal vouchers, updating models, and identifying, researching, and resolving reconciliation variances with assistance from senior team members.
Inputs monthly close journal vouchers to ensure accurate accounting for financial statement items such as service fees, recovery income, investor remittance payables, and reimbursable expenses.
Completes monthly reconciliations associated with assigned investor to ensure accuracy and timely variance resolution; these may include reconciliations of principal balance, scheduled principal balance, cash available, cash to bank balances, payable to bank balances, legal expenses, repossession expenses, late fees, partial payments, acquired service charges, recovery income, and other miscellaneous reconciliations as assigned or as necessary.
Performs reconciliations within the Account Reconciliation Cloud Service (ARCS) application when applicable to ensure compliance with enterprise-wide modernization efforts.
Performs first peer review of other investor files to ensure accuracy, compliance with Pooling and Servicing Agreement or governmental regulations, department policies, and appropriate investor remittance.
Saves and distributes monthly investor reports in accordance with department policies and applicable Pooling and Servicing Agreement or governmental guidance.
Completes review of assigned investor policies and procedures, and job aides monthly to ensure continued compliance and business continuity.
2. Weekly and Daily Tasks and Reconciliations
Completes department and investor specific daily reconciliations as assigned; this may include payable reconciliation, Principal & Interest reconciliation, Taxes & Insurance reconciliation, repossession sales reconciliation, trial balance reconciliation, and recapture reconciliation.
Completes department and investor specific weekly tasks and reconciliations; this may include repurchase processing, Checks and Wires application preparation to be supplied to Accounts Receivable for processing, Account Reconciliation Cloud Service application reconciliation reviews, new creditor letter audits and manual letter tracking.
Handles investor inquiries received via email as needed.
Attends weekly department meetings to ensure department coverage and current work focus is achieved.
3. Special Projects and Quarterly Items
Completes or assists on department projects as assigned by management on an as needed basis.
Assists with compiling data for department Asset Backed Securities variance encyclopedia.
Completes or assists with department quarterly deliverables as assigned; this may include servicing asset valuation disclosures, advance discount disclosures, servicing interest income disclosures, etc. for delivery to Corporate accounting.
Completes assigned review of topics for quarterly Pooling and Servicing Agreement Review presentation.
Completes review of assigned general ledger accounts for quarterly General Ledger Review presentation.
4. Development & Collaboration
Participates in personal and team development through mandatory training, voluntary training and learning opportunities offered through Ignite, and department training offered by the management team.
Participates in Job Shadowing opportunities within the organization to gain a greater understanding of what other departments and teams do and how those activities support the organization and affect the Investor Reporting department.
Participates in weekly personal development meetings with department management to discuss areas of success and opportunity.
Completes scorecards to track personal development and evaluates results with department management monthly.
Participates in department development book reviews and discussions.
Attends team building activities to facilitate strong inter department relationships.
Completes and performs cross training within department to help ensure coverage and expand personal knowledge of all department functions.
Participates in problem resolution brainstorming sessions with other department team members as needed to ensure accurate and timely correction of variances or other issues.
5. Miscellaneous Support
Assists with preparation of audit and licensing request responses as needed.
Assists with other department tasks as needed, this may include tasks such as assisting the accountant assigned to the Ginnie Mae investor loans with 11710D audits and assisting with bid review on Ginnie Mae pool sales days.
Serves as backup for other investor reporting accountants on an as needed basis, with senior team member support.
Assists in issuance of yearly reports to investors as needed.
6. Other duties as assigned
This job description is not an exhaustive list of all the functions that a team member and other duties may be assigned.
Qualifications:
Bachelor's degree required, concentration in Accounting is preferred.
Advanced Excel skills, strong query and analysis skills, and accounting experience. Investor Reporting experience is a plus but not required.
Experience with the iSeries, Oracle, Sequel Viewpoint or Sequel Management Studio including advanced features is a plus.
Working knowledge of Microsoft Office and other applications.
Ability to communicate effectively and efficiently via phone, email, and person to person.
Capable of gathering facts accurately, analyzing causes, evaluating alternate solutions, and arriving at sound conclusions on action to be taken.
Ability to manage multiple and/or conflicting responsibilities.
Great attention to detail and organizational skills.
Ability to work in a team environment.
Physical Demands:
Must be able to remain in a stationary position 75% of the time.
Will be constantly operating a computer and other office productivity machinery, such as a telephone, calculator, copy machine, and computer printer.
Will be communicating 50% of the time over the phone.
Must be able to exchange accurate information at all times.
Must be able to identify and assess account status and determine appropriate process.
Will constantly work in a state-of-the-art indoor temperature controlled, sealed window office environment.
Benefits:
Medical and Dental Plan with Prescription Coverage and Vision.
Competitive benefits including 401(K) includes 100% company match of the first 4%.
Paid time off days (PTO), maternity/paternity leave, and holidays.
Community involvement including Volunteer Paid Time Off (VTO).
Tuition Assistance for your first degree
Enjoy coming "home" to our brand new, state-of-the-art Home Office equipped with onsite fitness facility with full gym, workout classes, volleyball and basketball courts, ping-pong, disc golf course, and onsite restaurant.
Wellness programs that focus on emotional, social, spiritual, intellectual, environmental, physical, and financial well-being.
Collaborative and energetic work environment.
Professional development and promotional opportunities.
Competitive bonus programs.
Vanderbilt Mortgage and Finance, Inc. is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.
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