Staff Accountant

Job Description

Job Description

Position Name: Staff Accountant

Department: Accounting / Finance
Reports To: Accounting Manager or Controller

Position Summary

The Staff Accountant plays a key role in supporting accounting and financial reporting processes for mortgage loan origination, interim servicing, and loan sale activities. Responsibilities include journal entries and reconciliations for loan-level accounting and gain-on-sale recognition as well as general support of the close process.

This is not a typical Staff Accountant role. It’s an opportunity for someone who is eager to learn, wants to take on new challenges, and wants to gain exposure to high-impact initiatives early in their career.

With our recent acquisition by a public company, this position offers hands-on experience with public company reporting and structure, including involvement in 10-K and 10-Q processes. This role will also provide direct exposure to the first-year implementation of SOX compliance, offering invaluable experience in internal controls.

Additionally, the team will be rolling out FloQast, giving the candidate the opportunity to build future-ready skills in close automation and AI-driven accounting tools.

The ideal candidate demonstrates strong analytical skills, precision, and the ability to manage and reconcile large, complex datasets.

Key Responsibilities

Loan-Level Accounting and LHFS Activity

• Record daily loan-level activity, including fundings, sales, and payoffs.
• Reconcile loan-level data from the loan origination system (LOS) to accounting records.
• Investigate and resolve discrepancies between loan-level activity and general ledger balances.
• Prepare and record estimated interest accruals.

Loan Sale Settlement Accounting

• Record journal entries associated with:
  • Origination fees and costs
  • Loan sale proceeds, gain-on-sale recognition, and fair value adjustments for loans held for sale

Warehouse Line and Funding Accounting

• Record and reconcile activity related to warehouse lines of credit, including loan fundings, paydowns, and interest.
• Reconcile warehouse line balances to lender statements and internal loan funding records.
• Assist with tracking loan funding activity and ensuring accurate accounting for warehouse borrowings.

Data Analysis and Reconciliations (Excel)

• Analyze large loan-level datasets using advanced Excel functions (e.g., pivot tables, XLOOKUP, VLOOKUP).
• Ensure traceability between loan-level system data, supporting schedules, and the general ledger.

Financial Close and Reporting

• Support monthly and quarterly close processes, including journal entries, reconciliations, and supporting schedules.
• Prepare and maintain account reconciliations.
• Provide variance analysis and explanations related to assigned accounts.

Audit and Compliance Support

• Prepare workpapers and supporting documentation for internal and external audits.
• Assist in responding to audit requests related to mortgage loan accounting activity.
• Maintain organized documentation supporting accounting conclusions and journal entries.

Qualifications

Education

• Bachelor’s degree in Accounting, Finance, or a related field.

Experience

• 1–3 years of accounting experience, preferably in:
  • Mortgage banking
  • Financial services
  • Loan accounting or loan operations
• Experience working with loan-level transactional data preferred.

Technical Skills

• General Microsoft Excel proficiency required, including:
  • Pivot tables
  • VLOOKUP / XLOOKUP
  • Data reconciliation techniques
• Experience with general ledger or ERP systems.
• Familiarity with loan origination systems (LOS) or mortgage servicing systems is a plus.

Core Competencies

• Strong attention to detail and analytical ability
• Ability to work with large datasets and complex reconciliations
• Strong organizational and documentation skills
• Ability to meet deadlines in a fast-paced mortgage banking environment and take ownership of assigned responsibilities
• Effective communication and collaboration skills

Additional Information

All your information will be kept confidential according to EEO guidelines.