Senior Subservicing Oversight Accountant

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Job description

Overview:
The Senior Subservicing Oversight Accountant will be responsible for compilation of loan level details associated with their assigned Subserviced Loan Portfolio to ensure timely and accurate GL accounting for the charges/credits billed through our monthly subservicing invoice. Monthly analysis of the subservicing charges on the invoice to identify potential billing errors, documenting large variances in income/expense month-over-month. This position will work closely with AVP Oversight & Cash Reconciliation to ensure all items, including advances, are billed timely and in line with the appropriate Servicing Agreements, and agency servicer guides. The role will be hybrid out of our Horsham, PA office.

Responsibilities:

Record subservicing invoices to the general ledger in a timely and accurate manner.

Identify any setween the Sub-servicing client agreement and actual invoice received.

Valiervicing gaps bdate & track all billing discrepancies through direct communication with the various sub servicer billing and/or client relations teams.

Prepare Loan Level Accounting of life of loan events, including servicer acquisitions and sales.

Monitor and raise issues in monthly invoice status meetings, escalating if necessary.

Communicate deficiencies to senior leadership as needed.

Contribute to preparation of monthly financial reporting, including commentary for large drivers in P&L and supporting documentation for discrepancies.

Identify issues and reconcile assigned GL accounts to loan level subledgers.

Perform detailed review of corporate, escrow, and third-party advances:

Coordinate with Oversight Teams to identify all recoverable and non-recoverable losses by Investor and Insurer at state level

Create and maintain reporting by Investor and Loan Type (FHA, VA, USDA, CONV) of all losses at a loan level and ownership of loss (i.e. servicer, sub servicer, insurer, investor, prior servicer, seller)

Monitor liquidation and modification claim filing details to ensure they are filed timely and accurately.

Analyze loss reserves to ensure all accounting entries agree to the external reporting received from the subservicers for liquidated loans.

Participate in implementation and testing related to automation of accounting deliverables using sub servicer data.

Maintain desktop procedures to ensure all relevant changes are adhered to, as contracts and procedures change on a regular basis.

Completion of annual mandatory compliance training.

Qualifications:
Proficient in the following MS Office Suite: Excel, Access, Word, Power Point

Strong sense of urgency with solving problems, meeting challenging deadlines and achieving critical goals

The ability to work well in a collaborative team environment.

Working knowledge of mortgage products

Able to effectively and professionally communicate with others verbally and in writing.

General Ledger and Accounting Background required.

Working knowledge of Mortgage Products

Ability to write and/or execute SQL code a plus

Experience with PowerBI a plus

Physical Demands and Work Environment:

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. 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 use hands to finger, handle, or feel objects, tools, or controls. The employee frequently is required to talk and hear. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl.

The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and the ability to adjust focus.

The noise level in the work environment is usually moderate. EEOC:

Lakeview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.

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