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Servicing Associate
Irving, TX US
Posted: 02/07/2023
2023-02-07
2023-07-29
Industry: Financial Services/Banking/Insurance
Job Number: 11634
Job Description
Servicing Accounting Associate Hybrid 3/2 Dallas, TX
We are searching for a skilled Servicing Accounting - Associate to join a growing team in the DFW area. Behind the success of this fast-growing Company are the Employees, who best strive in a strong workplace. This is an environment that makes going to work not just a job, but something that is looked forward to everyday. An entrepreneur mindset and building trusting relationships are just a couple of the values that are shared amongst team members. Our client is a leading diversified capital manager that invests in and finances residential and commercial assets. With approximately $70 billion in assets, their portfolio includes securities, loans and equity in both the residential and commercial markets.
Role Summary/Purpose
The Servicing Accounting Associate will support the Residential-Credit and Agency business units by executing the portfolio operations of the Residential Mortgage Loan and Mortgage Service Rights products. This role resides within the Financial Operations Team which is responsible for the middle office, valuation, and portfolio accounting activities.
Essential Responsibilities
Partner with upstream business units such as the desk, resi credit and MSR Oversight to ensure data accuracy and create internal reconciliation routines and controls
Administrate and ensure completion of daily operations of the Mortgage Products within SBO.NET and proprietary systems including onboarding new loans and adding sub-servicers
Reconcile sub-servicer remit data to internal systems as well as external systems and coordinate with internal and external parties to resolve differences
Review corporate and escrow advance reserve allocation models thru partnership with IT, Portfolio Accounting and MSR oversight
Validate and review controls in monthly sub-servicer invoices and cash settlement processes
Identify and resolve data quality issues and collaborate with database developers to remediate issues
Evaluate systems and create logic documentation to ensure full utilization of reconciliation and data
Qualifications/Requirements
3+ years of leadership experience in Investor Reporting, Investor Accounting or Servicing Accounting
Solid reconciliation and research skills with an ability to problem solve and adapt to change
Strong MS Excel skills, including ability to utilize index, match, sumproduct, and pivot tables
Intermediate SQL skills
Must be able to manage multiple tasks or projects simultaneously and work in a time-sensitive deadline driven environment
Mortgage servicing platform experience a strong plus
We are searching for a skilled Servicing Accounting - Associate to join a growing team in the DFW area. Behind the success of this fast-growing Company are the Employees, who best strive in a strong workplace. This is an environment that makes going to work not just a job, but something that is looked forward to everyday. An entrepreneur mindset and building trusting relationships are just a couple of the values that are shared amongst team members. Our client is a leading diversified capital manager that invests in and finances residential and commercial assets. With approximately $70 billion in assets, their portfolio includes securities, loans and equity in both the residential and commercial markets.
Role Summary/Purpose
The Servicing Accounting Associate will support the Residential-Credit and Agency business units by executing the portfolio operations of the Residential Mortgage Loan and Mortgage Service Rights products. This role resides within the Financial Operations Team which is responsible for the middle office, valuation, and portfolio accounting activities.
Essential Responsibilities
Partner with upstream business units such as the desk, resi credit and MSR Oversight to ensure data accuracy and create internal reconciliation routines and controls
Administrate and ensure completion of daily operations of the Mortgage Products within SBO.NET and proprietary systems including onboarding new loans and adding sub-servicers
Reconcile sub-servicer remit data to internal systems as well as external systems and coordinate with internal and external parties to resolve differences
Review corporate and escrow advance reserve allocation models thru partnership with IT, Portfolio Accounting and MSR oversight
Validate and review controls in monthly sub-servicer invoices and cash settlement processes
Identify and resolve data quality issues and collaborate with database developers to remediate issues
Evaluate systems and create logic documentation to ensure full utilization of reconciliation and data
Qualifications/Requirements
3+ years of leadership experience in Investor Reporting, Investor Accounting or Servicing Accounting
Solid reconciliation and research skills with an ability to problem solve and adapt to change
Strong MS Excel skills, including ability to utilize index, match, sumproduct, and pivot tables
Intermediate SQL skills
Must be able to manage multiple tasks or projects simultaneously and work in a time-sensitive deadline driven environment
Mortgage servicing platform experience a strong plus
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Discover exciting job opportunities in the vibrant city of Irving, Texas! Known for its diverse community and thriving economy, Irving offers endless possibilities for career growth and development. With its close proximity to Dallas Fort Worth International Airport, major corporations, and charming neighborhoods like Las Colinas, Irving is the perfect place to advance your career. Explore job listings in this bustling city and be part of the dynamic energy that surrounds attractions like the Toyota Music Factory, the Irving Arts Center, and the Mustangs of Las Colinas sculpture. Embrace the blend of Texan hospitality and cosmopolitan flair that makes Irving a truly exceptional place to work and live. Take the next step in your career journey and find your perfect match in Irving, Texas!