[Hiring] Loan Accounting Manager @New American Funding

Role Description

The Loan Accounting Manager is responsible for overseeing and directing the day-to-day operational and financial accounting for residential mortgage lending activities. This role manages loan funding, warehouse financing, secondary marketing transactions, loans held for sale (LHFS), and trust/escrow liabilities.

• Lead a team of staff accountants.
• Ensure strict compliance with US GAAP and mortgage industry regulations.
• Maintain robust internal controls.
• Partner closely with Secondary Marketing, Loan Operations, Post-Closing, and Servicing teams.

Responsibilities

• Loan Funding, Warehouse Line & Secondary Marketing Accounting:
  • Oversee daily loan-level accounting for funding & purchases.
  • Manage daily warehouse line reconciliations, ensuring all borrowings, repayments, & interest calculations match warehouse lender statements and internal records.
• General Ledger & Month-End Close:
  • Work with corporate accounting & finance on the monthly, quarterly, and year-end loan accounting close processes within established reporting deadlines.
  • Review and approve journal entries, balance sheet reconciliations, and amortization schedules for loan origination & sales cost.
  • Analyze loan-level general ledger variances, identifying discrepancies and ensuring timely adjustments.
• Team Leadership & Operational Excellence:
  • Supervise, mentor, and develop a team of loan accounting specialists and staff accountants.
  • Establish clear performance objectives, conduct regular reviews, and provide ongoing technical training and coaching.
  • Identify opportunities to automate workflows, optimize loan accounting system capabilities, and streamline interfaces between the Loan Origination System (LOS) and General Ledger.
• Audit, Compliance & Internal Controls:
  • Design, implement, and maintain effective internal controls over mortgage loan accounting processes and reconciliation workflows.
  • Coordinate internal, external, regulatory, and warehouse bank audit requests by preparing audit schedules, confirmations, and loan-level supporting documentation.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related business discipline.
• 5+ years of progressive accounting experience, with at least 3 years in mortgage banking or residential lending accounting.
• Minimum 2 years of direct supervisory or team management experience.
• Direct working knowledge of mortgage accounting software (such as AMB/Advantage Mortgage Bookkeeping, Loan Vision, or similar industry ERP systems).
• Familiarity with Loan Origination Systems (e.g., Encompass) and servicing platforms (e.g., MSP).
• Advanced Microsoft Excel skills (vlookups, index/match, pivot tables, sumifs, and complex data modeling).
• Preferred: Direct experience with warehouse facility treasury operations and secondary marketing lock/trade reconciliation.
• Experience with database queries, Power BI, or report writing tools.

Competencies & Soft Skills

• Analytical Problem-Solving: Ability to dissect complex transaction flows across origination, secondary marketing, and servicing to resolve ledger imbalances.
• Communication & Collaboration: Strong interpersonal and presentation skills to interface effectively with senior management, external auditors, warehouse lenders, and cross-functional partners.
• Detail-Oriented & Organized: Exceptional precision in review, with the capacity to manage strict deadlines in a fast-paced lending environment.
• Adaptability & Leadership: Proven ability to drive operational change, implement software updates, and maintain high team morale under deadline pressure.

Work Environment & Physical Requirements

• Standard office environment with options for hybrid/remote arrangements depending on company policy.
• Extended periods of computer/screen use and keyboarding.
• Must be available to support month-end close schedules that may periodically require flexible working hours.

Work Authorization

• Must be able to verify identity and employment eligibility to work in the U.S.

Other Duties

• This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.

Physical Demands

• Must be able to lift up to ten pounds.
• Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information.
• VISION: See in the normal visual range with or without correction.
• HEARING: Hear in the normal audio range with or without correction.