SME – US Mortgage Remittance Reporting

4 weeks ago


Hyderabad, India FinacPlus Full time

SME – US Mortgage Remittance Reporting

FinacPlus provides virtual business process services to various types of overseas clients and this position is to be part of the team which provides accounting support to a Private Hard Money Lender from the US Mortgage Finance industry.


RESPONSIBILITIES

  • Coordinate on Bank Payments and receipts, Wire instructions and Bank Reconciliation statements, Cash Management and all other Treasury transactions.


  • Ensure timely and accurate recording of journal entries in accordance with US accounting rules and company accounting policies in to Accounting Software Applications.


  • Make Entries in Excel, accounting software and Loan servicing system. These entries happen in multiple bank accounts and mostly focus on everything that happens during the life of the loan: closing wires, draws, bounces payments, loan sales, fees paid and payoffs.


  • Perform daily reconciliations of cash movements between banking records, loan records and general ledger


  • Reconcile key balance sheet accounts on a monthly basis to ensure alignment between external records (e.g. Asset Management System, Bank Records, Servicer Records) and general ledger, including loan inventory


  • Prepare critical calculations and journal entries to support the Company’s loan accounting records, including loan payoffs, interest income, principal/ discount amortization, and diligence fee amortization.


  • Embrace the capabilities of new general ledger accounting software, identifying opportunities to automate, digitize and improve our current accounting processes


  • Collaborate with team members across the Company, including Treasury and Asset Management


  • Support the annual audit and quality review activities of external auditors


  • Track, code, follow-up and set up payments to vendors in accounting software



QUALIFICATIONS AND EXPERIENCE

  • Above 5 years of experience in US Mortgage accounting and Bank Reconciliation area


  • Working knowledge on Investor Reporting


  • Advanced Excel Skills like Pivot Tables, vlookups, hlookups, macros, etc.,


  • Knowing Power Query is an added advantage


  • Excellent oral and written communication skills, including presentations to senior management


  • Bachelor's Degree in Finance, MBA, CFA, or other Post-Grad Degree a plus


  • Real estate, mortgage banking, or asset management industry experience preferred


  • Accounting Packages like Quick Books and NetSuite experience preferred.



SKILLS

• Strong Finance and Accounting skills, application of financial policies of the company. • Compliance with US Legal Regulatory Requirements related to client’s mortgage business • Customer accounts reconciliation and Reporting, Implementation of strong Accounting Controls • Advanced Excel customization skills, Report envisaging and presentation skills


QUALITIES

• Strong commitment to support overseas client with utmost care. • Excellent communication skills to interact with customers and business partners of the client. • Good team player with greater level of integrity, Maintains Strict confidentiality of Client’s Data and information, • Self-Motivated and Tough task master. Quick and continuous learner of new technologies. • Ability to collaborate in a close-knit team environment, working together on projects and meeting common deadlines


LOCATION: Hi-Tech City, Hyderabad,

TIMINGS: IST 6:30pm to 3:30am

SALARY RANGE: Best in Industry

SEND APPLICATION TO: resume@finacplus.com



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