Senior Accountant

This is a fully remote position, open to applicants in United States.

📋 Description

• Reconcile monthly P&I and escrow remittance reports while verifying amounts owed between Newfi and investors.

• Prepare reporting for investor remittances, coordinate wire requests, and document relevant loan-level journal entries.

• Investigate discrepancies in investor remittances and follow up on any pending reimbursements.

• Examine servicing invoices and escrow disbursements to identify discrepancies and record associated receivables.

• Act as the primary Accounting liaison among investors, servicers, and Newfi.

• Record investor payments, invoices, repurchase activities, and related cash entries in Loan Vision.

• Oversee accounting for Early Payment Payoff (EPP) loans, which includes reclassifications, accruals, holdbacks, and tracking.

• Assist with FHA/VA mortgage insurance premium payments, buydown funding, and related journal entries.

• Participate in warehouse meetings and support activities related to funding and cash accounting.

• Conduct reconciliations for bank, warehouse, investor LHFS, and investor warehouse accounts.

• Prepare accruals for EPP and escrow.

• Reconcile loan funding activities across loan systems, warehouse facilities, and general ledger accounts.

• Reconcile designated Accounts Receivable, Accounts Payable, Investor Payables, and purchase clearing accounts.

• Investigate and resolve reconciling items, contributing to an efficient month-end close.

• Develop and maintain accounting procedures for investor remittance, EPP, and related processes.

• Ensure accurate supporting documentation is maintained for reconciliations, journal entries, and accruals.

• Identify opportunities for process improvements that enhance controls, increase accuracy, and support efficient closing timelines.

• Collaborate with the Controller and cross-functional teams on accounting initiatives and special projects.

⛳️ Requirements

• A minimum of 5 years of progressive accounting or finance experience, ideally in mortgage banking, servicing, wholesale, correspondent lending, or financial services.

• A Bachelor’s degree in Accounting, Finance, Business Administration, or a related field is preferred.

• A strong grasp of general ledger accounting, journal entries, accruals, cash activities, and balance-sheet reconciliations.

• Experience in mortgage-specific accounting, including investor reporting, servicing, warehouse activities, loan funding, or loan-level accounting.

• Exceptional analytical, organizational, and problem-solving abilities.

• Advanced Excel proficiency and experience handling financial and loan-level data.

• Capability to manage multiple deadlines while effectively communicating with both internal and external partners.

• Familiarity with Loan Vision or another mortgage accounting platform is preferred.

• Experience in investor remittance reporting, warehouse reconciliations, EPP accounting, and servicing activities is preferred.

• Knowledge of Non-QM, DSCR, Agency, FHA/VA, Jumbo, HELOC, or Second Lien products is preferred.

• A CPA or an advanced degree in accounting/finance is a plus.

• Familiarity with AI tools or AI-enabled accounting technologies to enhance accounting workflows, reporting, reconciliations, data analysis, or process efficiency is desired.

🏝️ Benefits

• Competitive compensation package.

• 401(k) matching program.

• Medical, dental, and vision coverage.

• Opportunities for leadership visibility and career advancement.

• A flexible remote work environment.