Assistant Controller

Deephaven Data Labs • Charlotte, NC

2d • Hybrid

About The Position

The Assistant Controller supports the Deephaven Mortgage Accounting team in managing financial reporting, treasury operations, funding activity, and loan-level accounting for a Non-QM mortgage lending platform. This role ensures timely and accurate financial reporting, strong internal controls, and full compliance with GAAP and investor/warehouse requirements. The Assistant Controller partners closely with Counterparty Risk, Transaction Management, Funding, Capital Markets, Servicing, and FP&A to support the entire mortgage lifecycle. The position also includes leadership responsibilities, including supervision, coaching, and development of accounting staff. This role is HYBRID in office in the Ballantyne area of Charlotte, NC.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field required; CPA or CPA-eligible strongly preferred
• 5+ years of progressive accounting experience within mortgage lending or financial services; Non-QM experience preferred
• Experience managing or leading accounting staff strongly preferred
• Advanced proficiency in Microsoft Excel, including complex formulas, pivot tables, and large-data analysis
• Strong proficiency in Microsoft PowerPoint, including development of clear and executive-ready reporting decks
• Strong understanding of loan accounting, warehouse lending operations, and treasury cash flow processes
• Strong analytical and problem-solving capabilities with meticulous attention to detail
• Ability to effectively lead and develop a team in a high-volume, deadline-driven environment
• Clear communicator capable of distilling complex financial information for cross-functional partners and executives
• Demonstrated ability to improve processes and strengthen operational controls
• Full-time position; extended hours may be required during close cycles and audit periods
• Hybrid or on-site structure according to Deephaven policy

Nice To Haves

• Non-QM experience preferred
• Experience managing or leading accounting staff strongly preferred
• CPA or CPA-eligible strongly preferred

Responsibilities

• Financial Reporting & Month-End Close Lead key components of Deephaven’s monthly, quarterly, and annual close processes
• Prepare and review journal entries, account reconciliations, warehouse reconciliations and service remittance reconciliations, and income statement analytics
• Ensure proper GAAP application related to loan originations, purchases, gain-on-sale, servicing assets/liabilities, and warehouse financing structures
• Develop, review, and present internal reporting packages to the Controller and senior finance leadership using advanced Excel models and PowerPoint summaries
• Loan-Level Accounting & Operational Oversight Oversee comprehensive loan-level accounting from funding through sale
• Manage accounting for costs/fees, repurchase reserves, premiums/discounts, and other mortgage-specific accruals
• Work closely with Capital Markets on loan sale settlements, pricing impacts, and investor cash application
• Ensure accurate and timely recognition of loan sale gains/losses
• Funding and Warehouse Management Partner with Funding to manage day-to-day funding operations across Deephaven’s warehouse lines
• Oversee daily warehouse activity including fundings, curtailments, wire releases, and payoffs
• Ensure timely posting of warehouse interest, fees, and collateral reporting
• Support liquidity forecasting and daily/weekly warehouse availability analysis
• Assist with covenant reporting, borrowing base reviews, and warehouse lender communications
• Coordinate cash movements, settlements, and bank activities
• Leadership & Team Management Lead, supervise, and mentor accounting team members, providing coaching, workload direction, and performance feedback
• Oversee staff responsible for reconciliations, journal entries, loan-level accounting, and treasury support functions
• Promote a culture of accountability, accuracy, collaboration, and continuous improvement
• Ensure team adherence to deadlines, internal control requirements, and quality standards
• Internal Controls, Compliance, and Audit Support Strengthen and maintain internal controls across accounting, treasury, and funding processes
• Support internal and external audits through documentation, walkthroughs, and control testing
• Ensure compliance with GAAP, investor agreements, warehouse contracts, and regulatory requirements
• Contribute to control enhancements
• Process Improvement & System Optimization Identify opportunities to streamline accounting, funding, and reconciliation processes to improve accuracy and efficiency
• Partner with IT and Reporting teams to enhance system integrations across LOS (Encompass), servicing platforms, data warehouse tools, and general ledger systems
• Contribute to system upgrades, automation initiatives, and workflow redesign projects

Benefits

• Flexible Time to Recharge – Personalized Time Off for What Matters (because rest isn't one-size fits all)
• Future Finance Focused – Generous employer-matched 401(k) plan
• Community Connect– Philanthropy Committee that creates charitable initiatives
• Health from Day One – Comprehensive health insurance starting on day one of employment
• Family Matters – Competitive maternity and paternity leave
• Culture & Celebrations – Culture Committee with team-building events and celebrations
• Ideas Welcome – Encouraging thought leadership and innovation
• Guidance & Growth – Mentorship opportunities for career development
• Perk Up – Exclusive discounts on travel, tech, pets, legal, and more

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees