Senior Mortgage Loan Accountant (El Segundo)

Avoid scams and fraud by dealing locally! Beware any deal involving Western Union, Moneygram, wire transfer, cashier check, money order, shipping, escrow, or any promise of transaction protection/certification/guarantee. More infoThe Senior Mortgage Loan Accountant (SMLA) works as part of the finance team, reporting to the Mortgage Banking Controller, performing various accounting and control functions dealing with loans originated for sale, derivative accounting and fair value accounting. The SMLA maintains and reconciles general ledger accounts, processes a variety of bank accounting transactions and prepares schedules and financial reports for management, SEC reporting and regulatory reporting. An experienced loan accountant, the SMLA will be an expert in dealing with complex loan analyses and custodial account reconciliation.

Responsibilities and Duties:
? Calculate accrued interest on originated and purchased loans held for sale
? Prepare all sections of the Call Report related to loan and derivative accounting
? Reconcile accounts payable to investors
? Prepare loan related sections of the 10-Q and 10-K
? Analyze the monthly yield earned on loans held for sale
? Account for changes in Mortgage Servicing Rights
? Calculate revenue-sharing allocations between the Bank and related entities
? Back-up daily reconciliation of trade positions
? Other duties as assigned

Qualifications:
? Minimum 3 to 5 years loan accounting experience in a bank, mortgage bank or financial institution
? Experience with custodial account reconciliation for Freddie Mac, Fannie Mae or Ginnie Mae as part of investor reporting accounting required.
? Bachelors degree in Accounting, Finance, Business Administration or Economics
? Familiarity with derivative accounting
? Strong analytical skills
? Work well both independently and as part of a team
? Comfortable with full suite of Microsoft Office applications, including Access database
? Advanced Microsoft Excel skills

Location: El SegundoPrincipals only. Recruiters, please don't contact this job poster.Please, no phone calls about this job!Please do not contact job poster about other services, products or commercial interests.

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