Mortgage Accountant

The Mortgage Accountant is responsible for ensuring accurate recording, reconciliation, and analysis of mortgage loan activities, payments, and balances, serving as a liaison between the Accounting and Mortgage departments.

PRINCIPLE DUTIES AND RESPONSIBILITIES

1. Records and reconciles mortgage loan transactions including funding, servicing, payoffs, and adjustments, ensuring compliance with accounting standards (e.g., GAAP) and regulatory requirements.
2. Monitors escrow accounts, ensuring accurate accounting for taxes, insurance, and interest payments.
3. Performs variance analysis and provides explanations to leadership teams as applicable.
4. Participates in month-end and year-end closing processes.
5. Assists in the preparation of financial statements and reports related to mortgage operations.
6. Works closely with loan officers, underwriters, and external auditors to provide support and documentation.
7. Maintains documentation and records in accordance with company policy and regulatory guidelines.
8. Assists in improving processes and systems for mortgage accounting accuracy and efficiency.
9. Performs other duties as assigned.

EDUCATION AND/OR EXPERIENCE

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field, required.
• 3-5 years’ related Accounting experience, with 1-2 years specifically related to mortgage or real estate finance, required.

KNOWLEDGE, SKILLS, AND ABILITIES

• Strong working knowledge of accounting principles and mortgage loan operations.
• Excellent verbal, written, and interpersonal communication skills.
• Ability to organize and prioritize work and meet strict deadlines in a fast-paced environment.
• Advanced data entry accuracy and attention to detail.
• Proficient in accounting and mortgage software, including Encompass, Jack Henry, and Vena.
• Proficient in Microsoft Office Suite.