SVP Investor Remittance & Reporting

Description

Midwest Loan Services (a division of University Bank) is looking for an SVP Investor Remittance and Reporting to join our team in Jacksonville, FL!

General Job Summary

The SVP Investor Remittance and Reporting is responsible for the strategic oversight, development, and execution of all investor remittance and reporting functions. This role ensures compliance with investor, regulatory, and financial reporting requirements while optimizing operational efficiencies. The SVP will manage complex financial structures, including securitizations, external account management, and investor relations, ensuring alignment with the bank’s strategic objectives. Additionally, this position collaborates with senior leadership to enhance internal controls, risk management, and financial transparency.

Summary of Essential Job Functions

Strategic Leadership & Investor Management

• Lead and oversee the investor remittance and reporting team, ensuring accuracy, timeliness, and compliance with all regulatory and investor guidelines.
• Manage all aspects of investor reporting and remittance for government-sponsored enterprises (GSEs) (e.g., GNMA, FNMA, FHLMC) and private investor loans.
• Oversee the preparation and submission of annual GSE renewal forms and compliance reporting.
• Develop and implement best practices for investor financial reporting, including securitizations and structured finance transactions.
• Build and maintain strong relationships with investors, counterparties, rating agencies, and regulatory bodies.
• Manage the onboarding of new investors, ensuring seamless integration of accounting and remittance processes.

Financial Oversight & Audit Management

• Oversee and support all internal and external audits, including investor, client, regulatory (state and federal), financial, and compliance audits.
• Serve as the primary point of contact for external auditors, regulators, and internal audit teams.
• Work in collaboration with the Audit Coordinator in Ann Arbor to ensure timely and accurate audit responses.
• Review and approve complex reconciliations, including custodial, corporate, and investor account reconciliations.
• Develop and enhance financial controls, ensuring compliance with regulatory standards and internal policies.

Securitizations & External Account Management

• Manage all aspects of loan securitizations, including data integrity, investor remittances, financial modeling, and risk assessment.
• Oversee escheatment processes and remittance to ensure compliance with state and federal requirements.
• Lead initiatives to streamline and optimize external account reconciliation processes.
• Evaluate and implement technology-driven solutions to improve efficiency and accuracy in investor reporting and financial management.

Board & Executive-Level Reporting

• Prepare and present monthly financial summaries for board meetings, providing insights on investor performance, remittances, and risk exposure.
• Develop key financial metrics and dashboards to aid executive decision-making.
• Collaborate with corporate finance and treasury teams to align investor reporting with broader financial strategies.

Process Improvement & Innovation

• Develop new reconciliation processes for recurring financial variances and exceptions.
• Lead initiatives for new product development, ensuring financial structures, pricing, and systemic validation are fully vetted before rollout.
• Implement automation and process efficiencies to enhance the accuracy and speed of reporting functions

Compliance and Risk Management

• Enforce compliance with all University Bank policies and procedures.
• Represent MLS at industry conferences, staying ahead of market trends and regulatory changes.
• Provide strategic input on financial risk mitigation and investment strategies.
• Support the CEO and executive leadership team with special projects and strategic initiatives.
• Perform other duties as assigned to support business growth and operational excellence.

Requirements

Education, Training and Work Experience

• Bachelor’s degree in Finance, Accounting, Economics, or related field (Master’s degree preferred).
• Experience with GAAP/Statutory Reporting for Insurance companies is a plus.
• 10 years of experience in mortgage servicing, investor reporting, securitizations, or related financial services.
• Strong expertise in GSE loan servicing, remittance, and financial reporting.
• Experience in structured finance, securitizations, and loan sales.
• Demonstrated leadership in managing external account reconciliations and regulatory compliance.
• Proven ability to develop and implement financial controls, audits, and process improvements.
• Strong relationship management skills with investors, auditors, and regulatory agencies.
• Proficiency in financial software, data analytics, and automation tools.
• CPA license is preferred but not required.

Knowledge, Skills, and Abilities

• Maintain & foster positive relationships with customers and business partners.
• Complete all assigned training in a timely manner.
• Provide professional communication in both oral & written expression.
• Excellent leadership and management skills.
• Excellent organizational, time management & analytical skills.
• Able to communicate and negotiate effectively.
• High degree of accuracy.
• Ability to manage and maintain confidential information.
• Ability to effectively collaborate with other business areas.
• High degree of dependability.
• Able to meet tight deadlines.
• Able to work effectively under pressure.
• Able to effectively problem solve.

Working Environment

Primary working environment is within an indoor climate-controlled office space and/or a private home office or some combination which will be at managements sole discretion. Employee may be subject to florescent lighting, dust, and other normal indoor allergens. Employee may work in close proximity of coworkers and occasionally independently in quiet environments.

Physical Requirements

• Able to lift up to 20 pounds.
• Extended periods of sitting (at computer desk).
• May be exposed to extended periods of interaction with others (listening, talking, taking notes).
• Ability to travel on a flexible schedule as needed.
• Complete repetitive tasks (including operation of computer mouse/keyboard).

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

**University Bank is an Equal Opportunity / Affirmative Action Employer**