Staff Accountant

Santa Ana, CA - USA

Monthly Salary: Not Disclosed

Posted on: 16 hours ago

Vacancies: 1 Vacancy

Job Summary

Staff Accountant

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

Position Summary

The Staff Accountant is responsible for supporting the accounting and financial reporting processes associated with mortgage loan origination and loan sale activities. This role focuses on loan-level accounting gain-on-sale accounting and reconciliation of mortgage banking activity including loans held for sale warehouse borrowings and investor settlements.

The position requires extensive use of Excel-based loan-level analysis to prepare journal entries perform reconciliations and support the month-end close process. The ideal candidate will possess strong analytical skills attention to detail and the ability to reconcile large volumes of transactional data to the general ledger.

Key Responsibilities

Loan-Level Accounting and LHFS Activity

Daily recording of 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.
Develop and record estimated interest accruals.

Loan Sale Settlement Accounting

Record journal entries associated with:
- Origination fees and costs
- Record journal entries related to loan sale proceeds gain-on-sale recognition and fair value adjustments to 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.

Excel-Based Data Analysis

Analyze large loan-level datasets using advanced Excel tools such as pivot tables lookups and structured data analysis.
Maintain detailed Excel reconciliation workbooks supporting accounting balances.
Ensure traceability between loan-level system data supporting schedules and the general ledger.

Financial Close and Reporting

Support the monthly and quarterly close process by preparing 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

Bachelors degree in Accounting Finance or a related field.

Experience

13 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
Effective communication and collaboration skills

Additional Information :

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

Remote Work :

Employment Type :

Full-time

Staff AccountantDepartment: Accounting / FinanceReports To: Accounting Manager or ControllerPosition SummaryThe Staff Accountant is responsible for supporting the accounting and financial reporting processes associated with mortgage loan origination and loan sale activities. This role focuses on loa...