What are the responsibilities and job description for the Investor Accountant position at MidFirst Bank - Default?
The Investor Accountant will be directly responsible for the preparation and distribution of monthly reporting and remittances submitted to Midland Mortgage’s investors.
Monthly Responsibilities:
- Prepare, reconcile and validate monthly reporting submitted to Ginnie Mae, Freddie Mac, Fannie Mae and private investors.
- Identify discrepancies between system reports and investor expectations, root causes for the discrepancies and solutions to resolve discrepancies. Escalate issues to Investor Reporting management.
- Ensure that remittances to investor occur by Investor deadlines. Initiate investor wires, when required.
- Prepare monthly loan level reports for pool issuance and pool buyouts.
- Monitor daily cash activity to ensure the accuracy of credits and debits occurring in investor custodial accounts.
- Create journal entries as needed to complete Investor Reporting processes.
- Monitor monthly corporate principal and interest advances and create journal entries to recover them in a timely manner.
Position Requirements:
Bachelor’s degree in Accounting or Finance (or related field) with a minimum GPA of 3.25 or 3-5 years of mortgage servicing experience with a college degree.
- Must be organized, possess the ability to prioritize tasks and meet regular established deadlines.
- Ability to suggest solutions when problems are identified.
- Ability to understand and execute basic accounting and finance concepts.
- Strong technical skills in Microsoft Excel and Access.
- Strong written and verbal communication skills.
- Must be reliable with a strong work ethic. Some overtime is required.
**A copy of your transcript will be requested for consideration, so if possible, please upload it with your application.
