Accounting Manager (Mortgage Capital Markets)

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

As a Mortgage Capital Markets Accounting Manager, you will play a key role in the accounting and financial reporting of mortgage loan sales and secondary market activity. This role supports the accurate valuation, settlement, and reporting of mortgage assets, hedging activities, and mortgage servicing rights (MSR), ensuring timely financial results and strong control execution across Capital Markets.

You will work closely with Capital Markets, Investor Reporting, Servicing, and Finance partners and gain exposure to complex financial instruments, fair value accounting, and regulatory reporting within a highly visible area of the mortgage business.

In this role, you will be involved with:
•    Daily and monthly P&L reporting, including market to market adjustments for held for sale loans, interest rate lock commitments, and related hedging activity using Mortgage Backed Securities, Futures & Options
•    Accounting and analysis for mortgage servicing rights (MSR), including capitalization, valuation adjustments, purchases, and sales
•    Prepare and review accounting entries related to mortgage loan sales, including pooled and cash sales to GSEs and other investors
•    Collaborate with operational reconciliation teams to ensure accuracy and timely resolution of outstanding items
•    Assist with quarterly and monthly reporting, including regulatory, management, and control related deliverables
•    Maintain documentation and support internal controls, audits, and compliance requirements related to Capital Markets Accounting activities
 

Basic Qualifications
- Bachelor's degree in accounting or finance (preferred) or related field, or equivalent work experience
- Five or more years of related experience

Preferred Skills/Experience
- Thorough knowledge of accounting/bookkeeping principles, theories, and controls
- Well-developed mathematical and analytical skills
- Ability to identify and resolve exceptions and to analyze and interpret data
- Ability to manage multiple tasks
- Basic knowledge of applicable financial laws, regulations and reporting requirements
- CPA and management experience preferred

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-V