5-7 years
BSI Financial - Manager - Investor Accounting & Reporting (5-7 yrs)
Entra Solutions
posted 4d ago
Fixed timing
Key skills for the job
About the Job:
This role is a critical leadership position within our US Mortgage operations, focusing on the accurate and timely reporting and remittance of funds to investors. The Manager - Investor Accounting and Reporting will ensure compliance with agency guidelines, maintain strong investor relationships, and oversee daily GL accounting and treasury functions. This individual will be responsible for leading a team, driving process improvements, and ensuring the integrity of all financial reporting.
Job Description:
Summary/Objective:
The Investor Reporting Manager is responsible for the comprehensive oversight of investor reporting, remittance, and reconciliation processes related to US mortgage portfolios. This role ensures adherence to agency guidelines (FNMA/FHLMC), manages investor communication, and maintains robust internal controls. The manager will lead a team to achieve operational excellence and ensure timely and accurate reporting.
Essential Functions:
Agency Reporting and Compliance:
- Deep understanding and application of FNMA/FHLMC and other relevant agency guidelines for investor reporting.
- Preparation and submission of accurate and timely investor reports and remittances.
- Uploading reports to agency websites and ensuring successful transmission.
- Validation and comparison of Trial Balances, review and resolution of exceptions.
- Management of daily and aged edits, recasts, and repurchase loans.
- Preparation of Monthly MAS Statements.
- Download and reconciliation of bank reconciliation reports.
Reconciliation and Analysis:
- Analyze various reports to identify and resolve discrepancies and errors.
- Collaborate with internal departments to investigate and resolve data discrepancies.
- Review and ensure timely completion of TI (Taxes & Insurance) and PI (Principal & Interest) reconciliations.
- Daily reconciliation of corporate advances and escrow disbursements, including checks, voids, and ACH transactions.
- Daily GL reconciliation to insure all accounts balance.
Investor Relations and Communication:
- Maintain effective communication with investors through email and phone.
- Address investor inquiries and resolve issues promptly and professionally.
- Ensure investor billing is correct and paid in a timely manner.
Financial Operations and Control:
- Ensure compliance with regulatory requirements (e.g., Reg AB) and internal policies.
- Review and ensure timely completion of all General Ledger (GL) postings.
- Cleanup payment discrepancies within 30 days as per Reg AB.
- Oversee the processing of AP payments, credit card payments, employee reimbursements, and monthly expense reviews.
Treasury oversight.
- Team Leadership and Process Improvement:
- Lead and mentor a team of investor accounting professionals.
- Develop and implement process improvements to enhance efficiency and accuracy.
- Establish and maintain strong internal controls.
- Monitor and enforce SLA's.
Competencies/Skills:
Technical Expertise:
- Strong understanding of US mortgage servicing and investor reporting requirements.
- Proficiency in agency guidelines (FNMA/FHLMC).
- Advanced knowledge of GL accounting and treasury functions.
- Strong understanding of Reg AB.
- Analytical and Problem-Solving Skills:
- Ability to analyze complex financial data and identify discrepancies.
- Strong problem-solving and research skills.
- Attention to detail and accuracy.
- Communication and Interpersonal Skills:
- Excellent written and oral communication skills.
- Ability to effectively communicate with investors and internal stakeholders.
- Strong interpersonal skills and ability to build relationships.
- Leadership and Management Skills:
- Ability to lead and motivate a team.
- Strong organizational and time-management skills.
- Ability to prioritize and manage multiple tasks.
Software Proficiency:
- Advanced proficiency in MS Office Suite (Excel, Word, PowerPoint).
- Experience with mortgage servicing systems and reporting software.
Qualifications:
- Bachelor's degree in Accounting, Finance, or a related field (MBA preferred).
- Minimum of 5-7 years of experience in US mortgage investor accounting and reporting.
- Proven experience in managing agency reporting (FNMA/FHLMC).
- Strong understanding of GL accounting and treasury functions.
- Experience leading and managing a team.
- Strong understanding of regulatory compliance.
- Experience with mortgage servicing platforms.
Functional Areas: Other
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