SENIOR ACCOUNTANT

Job Summary

The Senior Accountant provides support to the Accounting Units within the Comptroller Department including more complex accounting matters. The Senior Accountant also assists the Manager/Accounting Officer in the review of certain daily work prepared by other Accountants, including journal entries, account reconciliations, monthly remittances and certain month end analysis guaranteeing the efficiency in the process. The Senior Accountant also interacts and provides support on external audit requirements and provides support to the business areas in adhoc requests.

Essential Responsibilities – Senior Accountant

General

• Perform accounting functions as assigned, overseeing the complete accounting process and financial statements for the specific unit responsibilities.

• Manage month-end, quarter end and year-end closing

• Support and assist the department supervisor and/or manager assuring the completeness & accuracy of task performed by other members of the unit.

• Analyzes and performs accounting entries (JE). Applies judgment and understanding to identify and correct possible exceptions. Monitors, revises and authorizes other accountants’ daily transactions assure that the information is complete and fully supported.

• Prepares monthly reconciliation on multiple GL accounts and reviews monthly reconciliations of other accountants. Research discrepancies and provides guidance to other accountants in the preparation of adjusting transactions necessary to make corrections. Assists other accountants in the analysis and disposition of reconciling items.

• Explains Balance Sheet variances on a monthly basis in order to assure reasonability of accounting results. Participate in the evaluation of other accountant’s explanation.

• Actively participates in the audit process for the department area, having direct interaction with the auditors.

• Assists other accountants in their daily responsibilities to ensure accuracy and completeness. Provide research and problem solving support for departmental personnel.

• Analyzes and approves accounting entries and transactions.

• Serve as liaison with the supervisor/manager and operating areas.

• Assists in the preparation of quarterly disclosures for regulatory filings.

• Conform with and abide by all regulatory guidance and internal policies and procedures.

• Document procedures and workflow for assigned areas of responsibility.

• Contribute to the department and organization special projects as assigned.

• Maintains current knowledge of applicable governmental regulations, professional standards and organizational policies.

Loan Accounting

• On a daily basis reconciles loan portfolios, identifies and correct any differences, and analyses loan transactions. Applies judgment to the portfolio performance to identify and correct possible exceptions.

• Prepares monthly analysis of income accounts. Applies judgment and understanding to identify and correct possible exceptions

• Assists the business areas and operational areas in understanding the accounting implications of transactions executed and its most appropriate treatment on the different loan applications

Investor Reporting

• Reconcile, report and remitted various investors of single family residential mortgages (SFO) including private label securitizations, Fannie Mae (FNMA), Freddie Mac (FHLMC) and/or Ginnie Mae (GNMA).

• Transfer and Sale loans to the private investor. Reporting and remitting, special remittance, pay-off', repurchases, defaulted loans including loss mitigation such as short pay-off', loans modifications, foreclosures, REO, third-party Sale and other.

• Developing and enhancing of operational procedures utilizing the Black Knight MSP, FNMA single family servicing, Freddie Mac Access Manager, Ginnie Mae Enterprise Portal (GMEP).

• Analyze reconciliation portfolio and cash custodian and prepare required Special Forms for the investor FNMA, Freddie Mac and GNMA.

• Handling daily operational processes to ensure timely reporting, remitting and compliance in accordance with investor servicing guidelines, agreements and benchmarks which measure performance. First line of contact when there are any differences, discrepancies or changes in the procedures as required by the investors.

Operational Accounting

• Provides Oracle’s functional support to other employees, including its business unit and other units within the Corporation and provides training as deemed necessary

• Is responsible for the creation of reports in Oracle required for its business unit and also for other business areas

• Maintains the Oracle Chart of Account, ensuring the creation of new accounts and combinations are appropriate according to the Corporations accounting and financial reporting policy

• Has functional and, up to certain extent, technical expertise on the General Ledger module within the Oracle application

• Ensures that non-posted transactions as well as out of balances are corrected on a daily basis. Provides support to other bank personnel, as applicable, in the execution of this task.

Other Responsibilities

• Works on special projects/assignments as requested by management.

• Provides backup during vacations and other personnel leaves.

Supervisory Responsibilities

• Works as a Team Leader for the accountants in the department.

Independence of Judgment

The degree of judgment is related to integration and coordination of varied elements and its application to specific subjects. Exercises a low degree of discretion within assigned limits/parameters always consulting manager on variances or special circumstances.

Impact of Errors

The impact of errors of this position could affect essential activities of administrative, operational or business nature that have a considerable economic impact.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Specific vision abilities required by this job include close vision and distance vision. While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand and walk. May be required to lift and move boxes or packages not exceeding 10 pounds in weight.

Work Environment

Employees in this job work in an office environment with a comfortable room temperature, good lighting, and quiet conditions. May be required to work extended hours, including holidays, should these coincide with monthly closing process or other projects/implementations.

Competencies

The competencies detailed below are the behaviors to be exhibited by the incumbent while performing his/her duties as relates to our corporate values, culture and philosophy.

• Customer service

o Responds promptly to customer needs

o Responds to requests for service and assistance

• Team Work

o Balances team and individual responsibilities

o Contributes to building a positive team spirit

o Puts success of team above own interests

• Ethics

o Treats people with respect

o Keeps commitments

o Inspires the trust of others

o Works with integrity and ethically

o Upholds organizational values

o

• Organizational Support

o Follows policies and procedures

o Completes administrative tasks correctly and on time

• Attendance/Punctuality

o Is consistently at work and on time

o Ensures work responsibilities are covered when absent

• Initiative

o Volunteers readily

o Asks for and offers help when needed

o Seeks increased responsibilities

o Undertakes self-development activities

• Quality

o Demonstrates accuracy and thoroughness

o Looks for ways to improve and promote quality

• Computer literate (Word, Excel)

• Good verbal and written communication in both English and Spanish.

Requirements/Preferred Qualifications/Education

• Thorough understanding of general accepted accounting principles (GAAP) including solid knowledge of bookkeeping principles, laws and regulation. .

• Strong analytical and accounting skills.

• Advanced experience with MS Excel or similar programs.

• Must be able to effectively handle multiple projects simultaneously in a deadline-oriented environment.

• Fully bilingual, strong oral, written communication and interpersonal skills.

• The individual will be expected to work with minimal up-front guidance and take ownership of his/her work product.

• Proven three years or more of experience in accounting, preferably in the banking industry.

• Preferably knowledge in mortgage servicing loans and investor reporting area.

• Bachelors in accounting or equivalent from an accredited university.

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