Director, Loan Servicing Advance Facilities & Financial Reporting

Carrington Mortgage • Chandler, AZ

2h • $140,000 - $175,000

About The Position

The Director of Loan Servicing Advance Facilities and Financial Reporting will be responsible for the leadership and support of the Loan Servicing Advance Facilities and Reporting department, managing the reconciling, and reporting of advance and recovery activity of the servicing portfolio to internal and external parties. Understand the contractual requirements for loan servicing advance facilities. Manage all daily, weekly, monthly portfolio cash balancing transactions and meet mandatory advance reporting to servicing advance facilities. Perform advance facility analysis, modeling and assessments regarding servicing advance facilities and recommend appropriate actions. Perform all duties in accordance with the company’s policies and procedures, investor guidelines, all US state and federal laws and regulations, wherein the company operates.

Requirements

• Bachelor’s degree in finance, accounting, economics and/or related field or equivalent combination of education and work experience required.
• 5+ years of financial reporting, loan servicing advance facilities, or corporate finance experience in a medium to large company required, preferably in the financial services/mortgage lending/real estate services market sector.
• 3+ years of management experience required.
• Strong knowledge of loan servicing advance facility requirements.
• Strong Access and/or SQL skills. required

Nice To Haves

• Previous government or private investor reporting experience is a plus.
• Experience with GTreasury, Sagent, Oracle Financials preferred.

Responsibilities

• Carry out management responsibilities in accordance with the organization’s policies, procedures, and applicable laws, including hiring and training employees; planning, assigning, and directing work; monitoring performance; rewarding and disciplining employees; addressing complaints; and resolving problems.
• Oversee all loan servicing advance facilities activities to ensure timely delivery of data to investors or servicing advance facilities.
• Perform advance facility analysis, modeling, and assessments in support of corporate initiatives; make recommendations regarding servicing advance facilities actions.
• Manage all daily, weekly, and monthly portfolio cash and non-cash balancing transactions and meet regulated financial reporting; ensure activities are compliant with policies, accounting guidelines, governance policies, internal controls, and any applicable regulations.
• Perform daily cash review of pay down advances to ensure timelines are met.
• Develop and implement processes to improve efficiency, enhance controls, and strengthen operational policies.
• Understand the contractual requirements for advance facilities and ensure adherence and compliance with these requirements.
• Conduct quality reviews of all department financial reports to ensure accuracy.
• Design, build, and implement new reporting to meet Ad Hoc and ongoing business needs.
• Review and Approve bank account reconciliation prepared each month by department staff.
• Review and approve loan servicing advance facility fundings and repay requests.
• Act as a subject matter expert for both internal and external requests regarding loan servicing advance facilities.
• Prepare and reconcile monthly servicing advances in internal and external financial reports.
• Perform other duties as assigned.

Benefits

• Comprehensive healthcare plans for you and your family.
• Discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
• Customized training programs to help you advance your career.
• Employee referral bonuses.
• Educational Reimbursement.

What This Job Offers

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