Manager Accounting – U.S. Mortgage Business

City National Bank • Los Angeles, CA

2d • $90,000 - $160,000

About The Position

Responsible for building a complete end-to-end U.S. residential mortgage business — spanning origination, secondary marketing, capital markets, servicing, and portfolio management for CNB/RBC. We are seeking a senior-level CPA with deep mortgage accounting expertise and strong controllership instincts to design, implement, and scale the accounting and reporting framework of this new platform.This role will be a key senior leader within the U.S. Mortgage Strategy team, providing both technical accounting leadership and practical operational insight. You'll partner with finance, treasury, risk, operations, and technology to establish best-in-class GAAP, reporting, and control infrastructure from the ground up

Requirements

• Bachelor's Degree or equivalent
• 10+ years of progressive accounting, financial reporting, and controllership experience within U.S. mortgage banking, capital markets, or financial services
• Expert knowledge of GAAP, including ASC 860 (Transfers & Servicing), ASC 815 (Derivatives & Hedging), ASC 310, ASC 825, and related mortgage guidance
• CPA - Certified Public Accountant

Responsibilities

• Lead all aspects of U.S. GAAP accounting policy and application across the mortgage lifecycle — from loan origination through sale and servicing transfer.
• Oversee accounting for loan pipelines, warehouse funding, hedging, derivatives, gain-on-sale, and mortgage servicing rights (MSRs).
• Design and implement a scalable financial statement close process, ensuring accuracy, timeliness, and completeness of all mortgage-related results each month, quarter, and year-end.
• Establish and maintain close calendars, account reconciliations, variance analyses, and journal-entry controls that integrate with upstream operational systems.
• Support reporting needs including full financial statement reporting cycle — including internal management reporting, CFO packages, regulatory and board reporting, and external audit support.
• Ensure accurate consolidation and presentation of results under U.S. GAAP and RBC corporate accounting policies.
• Architect and implement accounting workflows, process documentation, and automation for all loan accounting, sale, and servicing activities.
• Partner with technology teams to align loan origination, capital markets, and servicing systems with the general ledger and sub-ledgers.
• Develop SOX-ready internal controls and documentation for future scalability.
• Collaborate closely with the CFO and Secondary/Capital Markets leadership to assess financial impacts of business decisions.
• Translate complex accounting and market-valuation issues into actionable insights for senior management.
• Support capital planning, liquidity, and balance sheet strategy with accurate accounting and fair value analytics.
• Help recruit and develop a high-performing accounting and controllership team.
• Mentor staff and foster a culture of accuracy, accountability, and operational excellence.

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees