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.
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