Sr. Investor Accounting Specialist

The Sr. Investor Accounting Specialist is responsible for meeting investor reporting and remitting requirements as well as internal and external audit requests. The Investor Accounting Specialist Senior works with the requirements of the three major investors (Fannie Mae, Ginnie Mae, and Freddie Mac) and various miscellaneous and private investors. Incumbents will provide a high level of service to all internal and external customers and investors.

The Sr. Investor Accounting Specialist is able to handle in-depth and complex Investor reporting and reconciling issues and work with a high level of independence. Incumbents will participate in procedure reviews and department projects which recognizes additional training, skills, experience and performance in this position.

 

What you will do:

• Reporting, remitting and reconciliation for assigned investors. Monitor and/or reconcile investor custodial accounts and MSP clearing accounts. Assist with the review of the monthly reconciliations of investor custodial and clearing accounts for appropriate documentation and identification and resolution of differences. Complete all reporting, remitting and reconciliations according to established timeframes.

• Support department management in maintaining internal controls and regulatory compliance to include the following:

  • Review new servicing agreements and research and implement procedures for new investors using knowledge of investor procedures, remittance and reporting requirements.

  • Keep informed of current compliance issues and regulations to ensure controls are maintained on all existing and new products and services.

  • Participate in and provide training in regulatory and compliance issues as needed.

  • Develop and maintain appropriate written policies and procedures to facilitate compliance.

• Provide assistance, direction and leadership to Investor Accounting team when faced with reconciling items, procedure problems, new enhancements, and different technologies. Escalates issues to management as appropriate. Assist with research and development of a plan for the Investor piece of any loan conversion, acquisition or sale Mechanics Bank may be involved with.

• Coordinate gathering of documentation packages as required by internal/external auditors and submission of completed packages by requested deadlines.

• Travel required: 0-10%.

Who you are:

• 2 Year / Associate Degree preferred.

• Additional experience may be considered in lieu of degree.

• Minimum 5 Years of experience preferred.

• Accounting experience or strong understanding of the concept of general accounting rules.

• Experience and familiarity with MSP or similar Service Bureau Accounting system.

• Advanced knowledge of Excel, Word and/or Access.

• Must be versatile, with ability to prioritize a number of duties at once.

• Basic keyboard, typing, 10-key by touch, and P/C experience. Knowledge and experience with Windows, Excel and Word preferred.

• Have excellent communication skills, both written and verbal.

• Possess strong problem solving and organizational skills.

ADA Requirements:

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.

• The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.

• The employee must occasionally lift and/or move up to 10 pounds.

• Specific vision abilities required by this job include close vision.

• The noise level in the work environment is usually moderate.

#LI-HJ1

Pay Range: $70,304 - $100,840 annually

AIP/Bonus: Up to 7.5%

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire.
Benefits package includes[1]:

• Medical, prescription, dental, and vision coverage for emp