Accountant

U.S. Bank • St. Louis, MO

1d • Hybrid

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description As a Mortgage Capital Markets Accountant, you will play a key role in the accounting and financial reporting of mortgage loan sales and secondary market activity. This role supports the accurate valuation, settlement, and reporting of mortgage assets, hedging activities, and mortgage servicing rights (MSR), ensuring timely financial results and strong control execution across Capital Markets. You will work closely with Capital Markets, Investor Reporting, Servicing, and Finance partners and gain exposure to complex financial instruments, fair value accounting, and regulatory reporting within a highly visible area of the mortgage business.

Requirements

• Bachelor's degree in accounting or finance, or equivalent work experience
• Four or more years of experience in financial accounting activities

Nice To Haves

• Experience in a large financial institution or public accounting environment.
• Experience with month-end close, reconciliations, and variance analysis.
• Familiarity with SOX controls and audit support.
• Proficiency in Microsoft Excel and financial systems (e.g., ERP or general ledger platforms).
• Strong analytical, organizational, and communication skills.
• Performs moderately complex accounting tasks with limited supervision.
• Exercises sound judgment in applying accounting principles and resolving issues.
• Independently completes journal entries.
• Escalates complex issues appropriately and contributes to team objectives.

Responsibilities

• Prepare and review accounting entries related to mortgage loan sales, including pooled and cash sales to GSEs and other investors
• Support daily and monthly P&L reporting, including market to market adjustments for held for sale loans, interest rate lock commitments, and related hedging activity using Mortgage Backed Securities, Futures & Options
• Perform accounting and analysis for mortgage servicing rights (MSR), including capitalization, valuation adjustments, purchases, and sales
• Collaborate with operational reconciliation teams to ensure accuracy and timely resolution of outstanding items
• Assist with quarterly and monthly reporting, including regulatory, management, and control related deliverables
• Maintain documentation and support internal controls, audits, and compliance requirements related to Capital Markets Accounting activities

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level