Accountant II, Loan Servicing

CV3 Financial Services•El Segundo, CA

12h

About The Position

This position will report to and operate within CV3 Financial Services, a dedicated subsidiary of CV3 Holdings. CV3 Financial Services provides financing for non-owner-occupied investment properties, providing flexible loan solutions combined with the experience our customers can trust. CV3 is more than just a lender. We partner with our customers to accelerate real estate opportunities and are invested in their success. We leverage the best technology to eliminate complexity and simplify the loan process, while never losing sight of the value of building personal relationships with our customers. We’ve set the bar high. The aspirational mission is to be the #1 choice as a trusted capital partner for real estate investors. We are ready when you are! Our People are Our Power Great people make great companies. CV3 has nurtured a people-first culture, an entrepreneurial team, and a disciplined craft that fuels innovation and delivers results. We create lasting client relationships based on trust and transparency. We cultivate these relationships by taking amazing care of our people and our customers. Above all, what sets us apart are our five Core Values, which guide everything we do. GENERAL PURPOSE: The Accountant II, Loan Servicing is responsible for assisting the finance department in creating accurate and timely financial records for the organization. This position assists with the accounting, reconciliation, reporting, and control functions related to loan servicing activity, including custodial collections, escrow accounts, servicing-related bank activity, and related general ledger balances. Provides financial information by researching, analyzing, and reconciling loan accounting and servicing-related transactions.

Requirements

Bachelor’s degree in accounting or related field required, or a combination of education and experience.
3+ years of experience in the accounting field, preferably in mortgage, banking, private lending, loan servicing, or financial services industry.
Strong understanding and knowledge of GAAP.
Intermediate to advanced Microsoft Excel skills required, including the ability to work with large data sets, pivot tables, lookups, and reconciliation workbooks.
Experience with general ledger accounting, account reconciliations, journal entries, month-end close, variance analysis, and supporting audit schedules required.
Experience reconciling bank accounts, custodial accounts, escrow accounts, clearing accounts, suspense accounts, or other high-volume cash activity preferred
Should possess strong organizational and multi-tasking skills
Be flexible with the ability to adapt to changes quickly
Able to work under pressure and meet deadlines
Possesses strong task management skills
Self-starter with strong ownership while working well with others
Ability to analyze and problem solve
Proven ability to process large data analysis with multi-entities that are complex and high volume driven
Thinks ahead and anticipates needs based on prior experiences; makes an effort to act in advance either to prepare for a situation or to prevent it
Able to apply critical thinking and focus on problem solving
Personal effectiveness and credibility with a focus on financial management
Holds discretion and conducts themselves in the highest ethical standard
Possesses excellent verbal and written communication skills
Simultaneously maintains a "big picture" view while being detail oriented
Able to build and maintain effective business relationships
Maintains strong levels of customer support in a complex environment
Effectively presents and communicates to executive level audiences.

Nice To Haves

CPA preferred but not required.

Responsibilities

Understands and applies generally accepted accounting principles (GAAP) to assigned work, including the accounting impact of loan servicing activity, custodial accounts, escrow activity, cash transactions, and related general ledger balances.
Maintains schedules, compiles reports, reviews loan accounting transactions, and assists with month-end close activities, including journal entries, account reconciliations, variance analysis, and supporting documentation.
Reconciles general ledger accounts to underlying support, including bank statements, servicing system reports, subledger activity, and other source documentation; investigates and resolves reconciling items in a timely manner.
Performs analysis of account balances and activity, identifies trends, unusual items, shortages, excess balances, timing differences, or other discrepancies, and provides clear explanations or escalations as needed.
Understands, performs, and maintains accounting functions in compliance with internal controls, business processes, established accounting procedures, and applicable audit or compliance requirements.
Collaborates with Accounting, Treasury, Finance, Servicing, Compliance, and Operations teams to ensure accurate recording, reconciliation, and reporting of loan servicing activity.
Supports state examinations, regulatory reviews, investor or lender requests, SOC-related reviews, and annual audits by preparing schedules, reconciliations, rollforwards, transaction support, and account analyses.
Assists with maintaining forms, templates, desktop procedures, manuals, and process documentation for accounting, treasury, finance, and servicing accounting workflows.
Identifies recurring reconciliation issues, process gaps, manual workarounds, or control weaknesses, and recommends improvements to increase accuracy, efficiency, timeliness, and audit readiness.
Communicates accounting issues, discrepancies, process gaps, and status updates clearly and timely to management and business partners; collaborates effectively with team members to resolve issues and meet deadlines.
Provides support to Accountant I team members and assists with training or knowledge-sharing related to assigned accounting and reconciliation processes, as needed.
This position may involve handling confidential and sensitive information as part of its daily responsibilities. Employees are expected to exercise discretion and protect all sensitive data, including but not limited to personal information, loan details, business and financial records, and proprietary materials.
Reconciles and balances custodial collection, escrow, P&I, suspense, clearing, and other servicing-related bank and general ledger accounts within NetSuite and related systems on a daily, weekly, and monthly basis, as applicable.
Ensures servicing-related balances reconcile between bank accounts, the general ledger, loan servicing systems, and supporting documentation, including borrower payments, payoffs, escrow activity, advances, recoveries, chargebacks, and unapplied cash.
Ensures all in-house servicing escrow transactions are accurately recorded in the appropriate liability accounts and verifies the accuracy and timeliness of escrow disbursements, including property taxes, insurance, borrower refunds, and related payments.
Investigates and resolves escrow, custodial, P&I, suspense, clearing, and other servicing-related variances between ledger, bank, and servicing system activity to ensure accuracy for borrower, investor, and company accounts.
Identifies excess funds, shortages, unapplied funds, aged reconciling items, stale checks, outstanding disbursements, and timing differences; coordinates with Treasury, Finance, and Servicing on required transfers or corrective actions.
Prepares and maintains servicing-related reconciliation schedules, rollforwards, variance explanations, account analyses, and supporting documentation for month-end close, audits, examinations, and management review.
Assists with servicing-related journal entries, adjustments, reclasses, and accruals, ensuring entries are properly supported and tied to bank activity, servicing system reports, and general ledger balances.
Performs established reconciliation procedures, control reviews, and audit support procedures in compliance with applicable SOC 1, SOC 2, internal control, and company policy requirements.
Serves as an accounting resource for loan servicing processes and provides ad hoc analysis, reporting, reconciliation support, and project assistance related to servicing operations, escrow accounting, custodial accounting, audits, examinations, and process improvement initiatives.