Senior Accounting Specialist, Alternative Investments

2 weeks ago


Remote, Oregon, United States INSPYR Solutions Full time

Position:
Senior Accounting Specialist, Alternative Investments

Location:
Fully Remote

Contract Duration:
Long-Term Engagement (Multi-Year)

Compensation:
$80-110/hr.

Eligibility:
Must be a U.S. Citizen, Green Card Holder, or Authorized to Work in the U.S.

Overview:


The selected candidate will collaborate closely with the Alternative Finance team and external service providers overseeing a private mortgage Real Estate Investment Trust (REIT) with assets exceeding $5 billion.

This structure is supported by a third-party administrator, an outsourced accounting service provider, and an outsourced chief accounting officer.

The role involves assisting the team in supporting a growing private mortgage REIT while enhancing and refining financial processes and controls.

The ideal candidate will possess a keen attention to detail, exceptional organizational skills, strong communication abilities, and a keen interest in accounting for residential RMBS, residential mortgage loans, and related securitizations.


Candidates should have a solid understanding of technical accounting principles and GAAP concepts, with the ability to determine appropriate accounting and journal entries.

Familiarity with accounting requirements for any of the following is advantageous:
RMBS; mortgage loans; securitization and re-securitization transactions; repurchase agreements; interest rate swaps; and TBAs.

KEY RESPONSIBILITIES:
Focus on Excel spreadsheet preparation;
Collaborate with the REIT Finance Team and evaluate third-party service providers' investment accounting processes and outputs;
Review third-party service providers' preparation of accounting and financial statements and oversee monthly general ledger maintenance, including bank reconciliations, intercompany accounts, and tracking mortgage interest payments and expenses;
Handle accounting and reporting for whole loan pools (purchases, sales, and securitizations) and review Trust Account reconciliations;
Assess daily deliverables, identify and analyze significant variances with the administrator's assistance; Prepare/review daily projected cash flow/liquidity reports; process wires;

Support the monthly and quarterly closing processes:
Review journal entries for daily cash activities, including trades, remittances, and various receipts and disbursements. Review daily bank reconciliations and address any custody account overdrafts; Assist with the monthly structured financing waterfall process, coordinating among asset and financing portfolio management teams, financing counterparties, agent banks, and fund administrators;
Assist in closing new structured financings and reviewing related financial reporting covenants;
Aid in preparing daily and monthly general ledger entries and reviewing journal entries in the Company's GL system;
Assist in preparing consolidated financial statements by gathering and analyzing information from the general ledger system and various departments;
Review/prepare monthly work papers, monthly accruals, and account roll-forwards;
Maintain documentation of processes and procedures.

QUALIFICATIONS AND EXPERIENCE:
Bachelor's degree in Accounting;
2+ years of accounting experience in the financial services sector (public or private);
Proficient in Excel, including basic functions (addition, multiplication, division) and advanced functions such as SUMIF, IF, COUNTIF, CONCATENATE, VLOOKUP, INDEX, HLOOKUP, XIRR, TRIM, Pivot tables (skills will be assessed by the client prior to the interview) and familiarity with Microsoft Outlook and Word;
The individual must demonstrate strong initiative and drive;
Ability to quickly learn new systems;
Hands-on experience with general ledger systems is a plus;
Strong attention to detail, organizational skills, and prioritization abilities are essential, along with effective and concise communication skills;
Candidates should be prepared to identify opportunities and recommend process improvements across the accounting function.

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