What are the responsibilities and job description for the Whole Loan Accounting Expert - Remote position at Georgia IT Inc?
Whole Loan Accounting Expert
Location : Remote
Duration : 8 months
Job description
Client is currently developing the Residential Mortgage Whole Loan Trading initiative, under this initiative, we will purchase closed, fully funded residential mortgage loans from third-party mortgage originators, with the intent of subsequently selling the mortgages within 3 to 9 months for a profit. So it is needed to have experience in this Loan Products.
Tasks :
Define the accounting classifications and regulatory capital methodologies for the Whole Loan Trading scenarios
Define and implement reporting requirements to facilitate the generation of the accounting. regulatory capital calculations as well as the associated reporting to regulators.
Help to define the GL accounts / cost centers for Whole Loan Sales and Securitizations.
Identify data needs (reporting & reconciliations) all risk and operational areas.
Getting information from Accounting System (Cumbre) and translated into Cargabal new data model
Help to define reporting requirements for all accounting classifications and RWA methodology scenarios, including data elements required, format and timelines.
Skills (Must have's)
Contrasted experience in US Gaap
Experience in Accounting related to Mortgage Loans (Whole Loan or Warehouse Lending )
Regulatory Capital Treatment
Knowledge in Accounting Business Classifications (Held to Collect, Held to Collect & Sell, Fair Value)
Knowledge of an Accounting General Ledger System
Skills (nice to have)
Knowledge in IFRS
Knowledge of Centricity System - Loan Management System (Situs AMC Vendor)
Experience in Price Certification
Systems : Centricity
Cumbre
Asset Control
Polypaths
