Accounting Manager (Mortgage Capital Markets)

U.S. Bank • Saint Louis, MO

5d • Hybrid

About The Position

As a Mortgage Capital Markets Accounting Manager, 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. In this role, you will be involved with:

Requirements

• Bachelor's degree in accounting or finance (preferred) or related field, or equivalent work experience
• Five or more years of related experience
• Thorough knowledge of accounting/bookkeeping principles, theories, and controls
• Well-developed mathematical and analytical skills
• Ability to identify and resolve exceptions and to analyze and interpret data
• Ability to manage multiple tasks
• Basic knowledge of applicable financial laws, regulations and reporting requirements

Nice To Haves

• CPA and management experience preferred

Responsibilities

• 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
• Accounting and analysis for mortgage servicing rights (MSR), including capitalization, valuation adjustments, purchases, and sales
• Prepare and review accounting entries related to mortgage loan sales, including pooled and cash sales to GSEs and other investors
• 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: Manager
• Number of Employees: 5,001-10,000 employees