[Hiring] Mortgage Accountant @ANGEL OAK MORTGAGE SOLUTIONS LLC

Role Description

Angel Oak Mortgage Solutions is seeking a Senior Loan Mortgage Accountant! This position can be remote.

The senior mortgage loan accountant serves as a subject matter expert in mortgage loan accounting, with a focus on loan funding, sales, servicing, and warehouse lending reconciliation. This role supports the Director of Accounting in managing accounting operations, enhancing procedures, and ensuring compliance with GAAP and regulatory standards.

Responsibilities Include:

• Responsible for reconciling loans held for sale and warehouse lines of credit daily
• Prepare daily cash reconciliations for the operating, warehouse lines of credit, and escrow cash accounts
• Prepare and post journal entries as needed to properly reconcile loans held for sale, warehouse line of credit, operating, and escrow cash accounts
• Assist with preparation of interest receivable schedule and warehouse lines of credit accrued interest expenses
• Assist with cash posting for the sub-servicers monthly remits
• Assist with cash posting for all cash movements for the escrow account
• Assist with cash posting for all cash movement between the sub-servicers and the company
• Perform collection analysis of interest, escrow, and any other receivable from the sub-servicers
• Prepare interest margin analysis
• Perform loan-level general ledger accounts variance analysis
• Prepare monthly or daily reconciliations for all general ledgers that require loan level reconciliation
• Serve as backup for various roles/responsibilities
• Assist in the preparation of annual audit and tax deliverables

Process Improvement & Collaboration

• Identify and implement process improvements and automation opportunities
• Document and enhance accounting procedures and workflows
• Collaborate with cross-functional teams to understand and support business transactions
• Serve as backup for various accounting roles and assist with ad hoc projects

Qualifications

• Minimum of 2-3 years of mortgage accounting experience required
• Strong knowledge of funding, disbursement, sale, and settlement journal entries
• Strong knowledge of loan servicing activities
• Experience working with loan origination systems
• Solid knowledge of US GAAP
• Ability to consistently meet deadlines
• Ability to work with other functional departments to understand the transactions they drive
• Detail oriented and willing to work in a fast paced environment
• Strong written and verbal communication skills a must
• Ability to take ownership of projects and prioritize multiple tasks
• Must be proficient in MS Office Suite
• Experience with Oracle Cloud accounting software preferred
• CPA or CPA candidate preferred

Company Description

Angel Oak Mortgage Solutions is a leading national lender specializing in non-qualified mortgage (non-QM) loans. Angel Oak focuses on providing alternative financing options for borrowers who do not meet the strict underwriting criteria of traditional banks or government-backed (Agency) loans. They are a pioneer in the non-QM space and operate primarily as a wholesale lender, partnering with mortgage brokers in more than 47 states.