Manager - Investor Accounting (On-site)

Newrez LLC•Coppell, TX

1d•Onsite

About The Position

Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications. We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation. POSITION SUMMARY We are building something amazing. If you are smart, analytical, detailed and ready to be a difference maker, we want you to come join us and build something great! With a focus on controls and accuracy, we will provide the ability to make an imprint on our automation, our strategy and direction. The Investor Accounting Manager will supervise the preparation of assigned monthly reconciliations for various clearing, PI, & TI custodial accounts for investors which could include FNMA, FHLMC, GNMA, or Private Portfolios. The ideal candidate will have experience with all remittance types and understands how to calculate the Test of Expected P&I based upon various cutoff dates as well as experience leading dynamic teams and processes.

Requirements

Bachelor's Degree in Accounting or Finance preferred.
5+ years of Mortgage Servicing with 3+ years Investor Accounting experience required
Knowledge of the GSE bank reconciliation process for test of expected cash, pool to security balancing, and clearing account balance
Advanced MS Excel experience required including pivot tables, vlookups and other complex formulas
Proficient in MS Word and Powerpoint
SQL or other database reporting experience preferred
Servicing Director knowledge a plus
Proven ability to build strong relationships with stakeholders, learn quickly, be flexible and think strategically.
Strong communication skills to interact with Senior Management and other business units.
Working understanding of operational risks and related controls.
Understanding of RegAB and USAP Guidelines
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

Nice To Haves

SQL or other database reporting experience preferred
Servicing Director knowledge a plus

Responsibilities

Confirm monthly reconciliations are produced and delivered in an accurate and timely manner including but not limited to balancing and resolution of aging items while meeting the contractual SLA for each investor with a high rate of accuracy.
Resolve any coding issues with reports by working with management to make the necessary changes and update policies and procedures.
Teach reconciliation skills and research methods to the team while constantly looking to improve performance and innovate through automation.
Partner with Investor Reporting as well as internal departments to resolve reconciliation outages in a timely manner
Work with the staff to resolve any reconciliation errors and ensure proper documentation
Ensure that wires are submitted to reporting team members to resolve reconciliation items
Review reconciliations before they are submitted externally. This includes checks for formatting issues, month-over-month consistency issues, aged item review, full balance roll forward, and large transaction investigation.
Develops and enhances operational procedures
Assists with internal and external audits
Heavy use of Microsoft excel for data analysis and reporting
Handle ad-hoc reporting or research as directed by management.

Benefits

Medical, dental, and vision insurance
Health Savings Account with employer contribution
401(k) Retirement plan with employer match
Paid Maternity Leave/Parental Bonding Leave
Pet insurance
Adoption Assistance
Tuition reimbursement
Employee Loan Program
The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
Newrez NOW: Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions