Wednesday, September 26, 2012


Loan Accounting Manager

Supervises a team to ensure accuracy and consistency of the financial records for the Loan accounting function of the corporation and provides meaningful insight to drive timely decision making related to the assigned area.

The corporate loan accounting manager/team leader will be responsible of:

Mortgage origination accounting

·          Ascertain that all loans are boarded and accounted for in the proper period.

·          Ascertain that all account reconciliations for the origination activities are properly analyzed and reconciled timely.

·          Review that all reporting packages related to origination operations are accurate.

·          Mortgage servicing

·          Lead all operational accounting topics related to Mortgage Servicing for an own portfolio loan life-cycle: New Loan, Front-end, Loss Mitigation, Foreclosure, Bankruptcy, REO and Claim.

·          Supervise all accounting topics related that affect the corporation as a servicer for private and GSE investors.

·          Ascertain that the recorded investment file for Mortgage operations is in accordance with the latest GAAP and reporting requirements.

·          MSR and IO accounting review.

·          Discontinued operations

·          Provide accounting support to the operations for discontinued operations for the loan life-cycle: CRE, Commercial and Industrial, Construction and Land, Leasing.

·          Ascertain compliance from an accounting perspective with workout outsourcing contracts.

·          Allowance for Loan and Lease Losses and other credit related estimates

·          Create and maintain models to automate methodology. Validate that formulas are in accordance with approved methodology.

·          Ascertain operational processes are aligned to address ALLL guidance standards and preparation timeliness.

·          Use a clear guidance to consolidate loss estimates and ensure ALLL balances are recorded in accordance with GAAP.

·          Participate in the Accounting Operations Transformation initiatives and lead assigned tasks.

·          Tied all responsibilities to KPIs and report them to the business as coordinated with the VP Financial Accounting and Systems Controller.

Prepare or review all schedules required for the monthly Controllership Package.

 

1 comment:

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