What are the responsibilities and job description for the Servicing Accounting position at Primary Residential Mortgage Inc?
Position purpose - Responsibilities/Duties/Functions/Tasks
The purpose of this position is to apply conceptual accounting principles and techniques to the preparation and review of financial and accounting transactions. This will include accounts payable, maintain spreadsheets, balance bank statements, reissue checks for borrowers, reverse entries in the Servicing Platform MSP and assist PMSI (our Investor Reporting vendor) with oversight and support for reporting, custodial accounting, loan level accounting and balancing.
General Duties
- Create accurate records of custodial funds
- Maintains policies and procedures regarding investor accounting, reporting, and remittance cycles
- Balance various custodial and corporate bank statements and identify funds coming in and going out of each account
- Ensure the validity of bills received and determine where funds should be sent.
- Identify and utilize correct General Ledger account numbers for each expense and type of income
Qualifications
- Strong communication, analytical, and problem-solving skills
- Excellent writing and editing skills
- Ability to effectively and professionally handle difficult situations that may arise when working with SLC Corporate Accounting team and fellow team members
- Ability to multi-task
- Knowledge of Microsoft Office applications (i.e. Word, Excel, Outlook, etc.)
- Experience in the mortgage industry
- Knowledge of GNMA, FHLMC, and FNMA
- Extraordinary attention to detail
- Ability to work and to deliver content under tight deadlines
- Ability to work independently
Company Conformance Statements
In the performance of assigned tasks and duties all employees are expected to conform to the following:
§ Review and adhere to policies and guidelines contained within the Employee Handbook, including privacy and information security guidelines.
§ Act within delegated authorities and adhere to applicable policy and procedures associated with such authorities.
§ Contribute to establishing a respectful workplace where diversity is critical to innovation and growth.
§ Ensure every action and decision is aligned with PRMI values.
§ Partner with your management team to understand performance expectations and measurements. Effectively utilize feedback and coaching opportunities while seeking to learn and develop within your role at PRMI.
§ Realize team synergies through networking and partnerships across PRMI.
§ Embrace change; act as advocate and role model, promoting an approach of continuous improvement.
§ Maintain a high standard of customer care while actively listening to customers in an effort to understand their views and needs. Take ownership of problems and issues, taking into consideration the breadth of PRMI competencies in providing solutions.
§ Work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.
§ Work effectively as a team contributor on all assignments.
§ Perform quality work within deadlines.
§ Respect client and employee privacy.
Work Requirements
Each employee must be able to communicate clearly and effectively, utilize a computer, maintain a work schedule, and effectively perform in an office setting. To maintain and ensure secure privacy of borrower (and other protected) information, an essential function of this job may require physical attendance in a defined office space. (i.e. branch or corporate office location). Employment with PRMI requires compliance with and adherence to all applicable mortgage and fair lending laws and regulations as well as PRMI policies. The ability to work extended hours may be required.
Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
