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Responsible for management of loan accounting related to internal products and various partner products, analysis, extensive account reconciliations, projects involving the Company’s Finance department, and staff management.
Principal Duties and Responsibilities
Manage and review daily loan settlement activity to ensure general ledger is accurate and consistent with daily processing activity from the loan management system.
Work directly with outside lending partners by addressing questions and assisting in research related to daily loan settlement activity packages.
Work directly with product, customer service, IT development and data warehouse reporting team on product and corporate initiatives that directly impact the loan accounting and financial reporting processes. These initiatives can include new product features, loan management system enhancements and financial reporting performance improvement initiatives.
Review and approve journal entries and supporting documentation to ensure accurate recording to the general ledger.
Understanding of contracts with outside lending partners and management of fee terms and billings in accordance with contractual agreements.
Management of account reconciliation controls for loan accounting; including substantiation of account balances to supporting sub-systems and resolution of reconciling items within SOX control timeframes.
Comply with accounting policies and accounting/finance internal controls over financial reporting.
Assists in the analysis, preparation, and presentation of financial reports and statistics to management
Manage loan accounting staff assigned.
Coordinate activities in the preparation of periodic audits by external organizations.
Ensure compliance with accounting policies and procedures and SOX controls.
Perform technical accounting research and ensures company’s compliance with rules.
Prepare complex journal entries for entry into the accounting system.
Review and recommend enhancements to financial reports and settlement processes as needed.
Learn duties of other Accounting/Finance employees and serves as their backup.
May oversee the completion of projects including planning, assigning, monitoring and reviewing progress and accuracy of work, evaluating results, etc.
Communicates with and provides direction to all levels of management regarding finance policies and procedures.
Perform other duties and projects as assigned.
Education and Experience
Bachelor's degree in Accounting or the equivalent in work experience and self-study preferred.
CPA certificate or MBA preferred.
5+ years of experience in finance departments, with financial services experience preferred.
3+ years of managerial experience within a finance organization
Strong computer/systems skills. Ability to utilize standard software applications to include MS Office suite.
Required Skills, Abilities, Soft Skill Factors
Team player who will work efficiently and effectively in a fast paced environment
Excellent verbal and written communication skills
Strong attention to detail
Ability to build complex financial models.
Strong computer/systems skills. Ability to utilize standard software applications to include MS Office suite with emphasis on Excel.
Solid verbal and written communication skills
The following breakdown summarizes the types and frequency of activities typically performed by employees in this position. It is not a guarantee of the actual distribution of activities to be performed.
Daily settlement activity
End of month
Month end close, reconciliations, reporting
Providing requirements, status updates, testing and implementation on projects managed by product, IT or data warehouse teams
Outside lender support
Assist with questions, audits or issues related to outside lending partners
Backup co-workers, Cross Train, Help co-workers, attend meetings
Working Conditions/Physical Demands
Intermittent keyboarding required, using hands to finger, handle, or feel. Specific vision abilities required by this job include close vision, and ability to adjust focus. May spend up to 8 hours per day sitting and may have occasional movement throughout the facility. Moderate use of the telephone. Requires the ability to work a flexible schedule, including evenings and weekends, to accommodate the business and department needs.