Sparrow Company, an executive search and staffing firm, has an immediate opening for an Accounting Clerk/Investor Accountant for one of our clients in East El Paso. This is a temporary to hire opportunity.

Accounting Clerk/Investor Accountant Job Summary

The accounting clerk will report to the accounting supervisor and CFO. This individual's primary roles is to manage all mortgage loan investor’s custodial accounts. Responsibilities include updating and maintaining custodial account registers, accounting journals, ledgers. Verifies that daily funds collected by servicing department are in balance to mortgage servicer system and ensures that such funds received are transferred to its appropriate custodial account on a daily basis (within the investors required time restrictions). Manages all custodial accounts and ensures they are always in balance by consistently reconciling mortgage servicing system with accounting system.

Duties and Responsibilities:

Investor Accounting

• Perform monthly G/L reconciliations for servicing advance, fee and revenue accounts
• Perform Daily/Monthly reconciliations for custodial and clearing accounts
• Perform monthly analysis of servicing account activity including but not limited to corporate advances, escrow advances and other cash activity related to servicing operations.
• Perform pool to security reconciliations and test of expected cash analysis.
• Identify remittance overages and shortages and takes appropriate steps to clear variances.
• Monitor P&I custodial accounts to ensure that no overdrafts occur.
• Balance scheduled/scheduled, Scheduled/Actual and Actual/Actual loan portfolios, reporting monthly balances and remittances due according to investor guidelines.
• Assist in the preparation of remittances wires for investors, advancing and refunding corporate funds as needed.
• Prepare and submit for processing all monthly remittances on assigned portfolios within the applicable required remittance deadlines.
• Investigate, reconcile and provide timely resolution to investor issues and reporting exceptions.
• Provides a high level of customer service and ensures overall investor satisfaction.
• Assist in other areas of servicing as needed.

Job Requirements

Desired Competencies:

• Has knowledge of commonly used terminology, concepts and practices and procedures within the mortgage industry;
• Ability to meet time deadlines while working under pressure;
• Handled simultaneous tasks and projects in a fast paced environment. Able to work independently;
• Good business writing skills;
• Excellent business math skills;
• Analytical and organized;
• Excellent verbal and written communication skills;
• Strong PC skills. Must be proficient in MS Office, especially Excel.

Desired Education/Experience:

• High school diploma or equivalent required, Bachelor's degree preferred.
• The ideal candidate should be a successful accountant/accounting clerk professional with the following:
• Combined, 2+ years of experience working in remittance processing and/or reconciliation and Cash Management;
• Overall, 2+ years Mortgage Servicing or other relevant financial services industry experience;

Job Type: Full-time

Pay: $13.00 - $15.00 per hour

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: One location

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