Mortgage Accounting Manager

North State Bank•Raleigh, NC

17h

About The Position

North State Bank is seeking an experienced Mortgage Accounting Manager to lead the accounting operations supporting its Mortgage Division. This role requires a CPA or mortgage accountant with deep mortgage accounting expertise and a passion for driving accuracy, efficiency, and strategic insight. The manager will oversee mortgage accounting processes, financial reporting, reconciliations, and compliance activities, partnering with leaders across the organization to ensure the integrity of financial data, support strategic decision-making, and maintain a strong control environment in a dynamic mortgage banking operation. This is an opportunity for a collaborative accounting professional who enjoys improving processes and making a meaningful impact on business performance.

Requirements

Bachelor’s degree in accounting, finance, or a related field, or an equivalent combination of education and experience.
Active CPA license or in the process of obtaining a CPA license.
Five or more years of progressive accounting experience, preferably within a banking or financial services environment.
Strong understanding of mortgage accounting and the originate-to-sell mortgage banking model.
Experience with financial reporting, reconciliations, accruals, internal controls, and audit support.
Advanced proficiency in Microsoft Excel and working knowledge of accounting and financial systems.

Nice To Haves

Experience with mortgage servicing, secondary market activities, and mortgage hedging.
Demonstrated success improving processes, reporting, and operational efficiencies.

Responsibilities

Manage the accounting function for the Mortgage Division, ensuring accurate and timely financial reporting.
Maintain the integrity, accuracy, and functionality of mortgage accounting databases and reporting systems.
Identify opportunities to enhance processes, controls, efficiencies, and reporting capabilities.
Review daily reconciliations for mortgage loans held for sale (HFS).
Ensure settlement accounts are balanced and cleared appropriately, researching and resolving discrepancies as needed.
Record mortgage loan closings, sales, and other related transactions.
Prepare and review mortgage commission calculations and related monthly accruals.
Prepare and analyze mortgage performance and financial reports for executive leadership and the Board of Directors review.
Oversee loan payment processing and remittance to appropriate institutions for sold loans.
Manage appraisal accounting activities, including invoice monitoring, approvals, collections, and write-off processes.
Prepare monthly mortgage hedging entries and support hedge-related transactions and settlements.
Process annual IRS Form 1098 reporting requirements.
Partner with internal and external auditors by providing requested documentation and analysis.
Maintain a strong understanding of mortgage banking regulations, accounting standards, and industry best practices.
Monitor changes in GAAP and regulatory requirements and implement necessary updates to accounting processes and systems.
Support compliance reviews and examinations, including FHA/HUD and other regulatory audits.