Mortgage Staff Accountant
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Job Location:
Florence, SC - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job Type
Full-time
Qualifications
Bachelors degree and two to five years of accounting experience
Full Job Description
Job Title: Mortgage Staff Accountant
Division: Finance
Location: Columbia or Florence SC
Position Summary:
This role is responsible for the daily mortgage transaction journal entries reconciling general ledger and analyzing financial accounts insuring accurate processing and posting of all account entries. Documents all transaction and general ledger adjustments. Interacts with mortgage accounting and finance associates to ensure compliance with established accounting procedures.
Direct Reports: None
Core Responsibilities:
Daily Journal Entries Reconcilements and Monitoring 40%
- Prepare daily mortgage transaction journal entries.
- Reconcile mortgage loans in process held for sale accounts receivable accounts and clearing accounts.
- Monitor reconciliations for outstanding items and research/clear items in a timely manner.
- Wire customer payments to our servicer Dovenmuehle Mortgage (DMI).
- Wire customer payoffs to our servicer DMI.
Monthly Reconcilements and Monitoring 20%
- Mortgage gain on sale analysis
- Record Portfolio Principal and Interest
- Calculate and prepare entries for Mortgage Cost of Funds
- Reconcile assigned monthly reconciliations in a timely manner
- Prepare Right Of Use entries
- Record DMI Invoice
- Analyze and report budget expense variances for the CFO
Quarterly Reconcilements and Monitoring 20%
- Reconcile Goodwill account
- Reconcile Mortgage Servicing Fee Receivable account
Annual Responsibilities 20%
- Assist with yearend accounting reviews and clearing exceptions
- Ensure all assigned GL accounts are balanced prior to year end
- Ensure all Prepaid CIPs Project Billings and AEP are reviewed and AEP set up prior to year end.
Role Specific Competencies
Adaptability/Flexibility
- Adapts to change is open to new ideas takes on new responsibilities handles pressure adjusts plans to meet changing needs.
Creativity/Innovation
- Generates new ideas challenges the status quo takes risks supports change encourages innovation solves problems creatively.
Managing Technology
- Has an awareness of researches and adopts effective technologies that improve the bottom line works well with tech resources.
Minimum Requirements:
Bachelors degree and two to five years of accounting experience
Strong problem solving skills
Excellent computer skills especially spread sheet analysis
Strong attention to details
Good interpersonal and written communication skills
Required Experience:
Staff IC
Key Skills
- Balance Sheet Reconciliation
- General Ledger Reconciliation
- Accounting Software
- Account Analysis
- GAAP
- QuickBooks
- Pivot tables
- General Ledger Accounting
- Accounting
- Sage
- Account Reconciliation
- Microsoft Dynamics GP
About Company
First Reliance Bank, headquartered in Florence, SC, serves customers and businesses across South Carolina and North Carolina. There's More to Banking Than Money!
