Mortgage Bank Accounting Manager

Pennymac•Westlake Village, CA

3d•$75,000 - $130,000•Onsite

About The Position

The Mortgage Banking Accounting (MBA) Manager will assist the MBA VP with monthly accounting functions, reporting and projects to enhance the close process. In this role, the MBA Manager will prepare and review monthly journal entries and reconciliations. As the MBA Manager, you will supervise team member(s), and assist the Mortgage Banking Accounting team, as necessary.

Requirements

5+ years of progressive accounting experience
Solid knowledge of US GAAP to ensure accuracy and compliance with relevant regulations and standards
Strong analytical, organizational, and problem-solving skills
Strong attention to detail and ability to execute and follow through to completion and documentation
Ability to learn quickly in a fast-paced environment and work effectively under time pressure while managing to tight deadlines
Ability to work proactively and independently and collaboratively as a team contributor
Strong Microsoft Excel skills required
Oracle ERP and EPM experience preferred
Experience in Mortgage-Backed Securities products such as Agency pool MBS, Agency CMOs, Agency IO, Non-Agency MBS/CMO, Private Securitizations/VIE
Experience in Derivatives instruments such as Futures & Options, MBS Options, Forwards commitment, Swaps, Rate Locks, and Total Return Swaps.

Nice To Haves

CPA certification is a plus
Public accounting experience is a plus
Financial services experience is a plus

Responsibilities

Prepare or perform review over complex journal entries in accordance with our established schedule.
Act as a Prepare accurate, timely journal entries in accordance with our established schedule.
Act as a primary accounting liaison for key business partners, providing financial insights and strategic guidance to support their initiatives.
Conduct monthly and quarterly account reconciliations to ensure accurate reporting and ledger maintenance.
Reconcile balance sheet accounts.
Perform financial analysis and variance explanations and provide insights to identify trends and recommend actions to optimize financial performance.
Own and execute cross-functional process improvement projects from identification to implementation, quantifying a project's impact on efficiency and accuracy.
Ensure compliance with US GAAP. Perform technical accounting research and update technical accounting memos and policies.
Coordinate and participate in internal and external audits, including preparing audit schedules, addressing audit queries, and implementing, and maintaining effective internal control systems.
Work closely with the Various department to ensure proper general ledger book keeping.
Foster collaboration within the accounting team and effectively communicate financial information to stakeholders across the organization.
Demonstrate proficiency in using accounting software and related systems to streamline processes, improve efficiency, and enhance reporting capabilities. Stay updated with advancements in accounting technology to adapt to changing practices.
Stay updated with changes in accounting regulations, standards, and industry best practices. Pursue professional development opportunities to demonstrate your commitment to enhancing your skills and knowledge.
Participate in (and lead, where appropriate) other projects and ad-hoc analyses, as required.

Benefits

Comprehensive Medical, Dental, and Vision
Paid Time Off Programs including vacation, holidays, illness, and parental leave
Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
Retirement benefits, life insurance, 401k match, and tuition reimbursement
Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

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