Loan Accounting Manager

5 days ago


Bloomington, United States Invictus Capital Partners Verus Mortgage Capital Full time
Job Summary

Invictus Capital Partners / Verus Mortgage Capital is seeking a highly skilled Loan Accounting Manager to join our team. The successful candidate will be responsible for ensuring accurate financial reporting and accounting for our held-for-sale mortgage loan portfolio.

Key Responsibilities
  • Prepare and review financial statements, ensuring accuracy and compliance with relevant accounting standards and company policies.
  • Oversee and review the work of third-party loan accounting firm.
  • Reconcile cash movements and financial transactions between the loan funding team and the investment funds and/or other investors.
  • Collaborate with fund accounting teams to ensure proper allocation and tracking of cash across multiple funds and/or other investors.
  • Liaise with external auditors to facilitate audits, provide documentation, and ensure transparency in financial reporting.
  • Review and approve journal entries related to funding adjustments, ensuring accurate recording in the general ledger.
  • Monitor and analyze discrepancies in cash reconciliation, taking prompt action to resolve issues.
  • Prepare and present regular financial reports, including liquidity, balance sheet & P&L forecasts, and variance analyses to senior management.
  • Develop and maintain internal controls and processes to ensure the accuracy of cash flow reporting and loan accounting.
  • Support special projects related to financial reporting, process improvements, and audit readiness.
Requirements
  • Bachelor's degree in accounting, finance, or a related field; CPA preferred.
  • 5+ years of experience in financial reporting, accounting, with similar experience in mortgage loan accounting.
  • Knowledge or experience in private credit or investment funds is a bonus.
  • Strong knowledge of accounting standards (GAAP/IFRS) and audit processes.
  • Strong financial reporting and accounting skills, particularly in loan accounting and cash reconciliation.
  • Expertise in working with residential mortgage loans (originations, purchasing, and funding), financial audits, and external stakeholders.
  • Ability to analyze financial data and resolve discrepancies in a timely and accurate manner.
  • Ability to review accounting processes, policies and actively recommend automation of tools to enhance or eliminate manual processes.
  • Excellent communication and collaboration skills for working across internal departments and with external auditors.
  • High level of attention to detail, accuracy, and accountability.
  • Advanced Excel skills and familiarity with accounting systems and financial reporting tools/software.
What We Offer
  • Great compensation package
  • Attractive benefits plans and paid time off
  • 401(k) w/ company matching
  • Professional learning and development opportunities
  • And much more

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