loanDepot

Director of Accounting

loanDepot • $142K — $180K *
Irvine, CA 92620In-Person
Legal & Accounting
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Accounting preferred, or 10+ years equivalent experience.
  • 7+ years of management experience preferred.
  • CPA designation is preferred.
  • Extensive knowledge of general ledger systems required.
  • Experience in the Mortgage industry is preferred.
  • This role requires a hybrid schedule based out of Irvine, CA.

Responsibilities

  • Direct the accounting operations, focusing on Loan and Trust Accounting.
  • Provide leadership and mentorship to the accounting team, enhancing skills and performance.
  • Oversee loan-level and trust accounting processes, ensuring accuracy and scalability.
  • Lead initiatives to optimize operational processes and manage offshore resources.
  • Evaluate and improve internal accounting processes and controls for compliance.
  • Oversee operational accounting activities and support financial statement preparation.
  • Drive operational efficiency and cost reduction through analysis and initiatives.

Benefits

  • Aggressive compensation package based on experience and skills.
  • Inclusive and collaborative culture that promotes diversity.
  • Opportunities for professional development, including tuition reimbursement.
  • Comprehensive benefits package including Medical/Dental/Vision.
  • Wellness program to support mental and physical health.
  • Generous paid time off policy for all employees.
Full Job Description
Description

Position at loanDepot

Position Summary:

Responsible for overseeing the daily operations and functions of the Operations Accounting Team, ensuring conformance with the organization's policies and procedures, as well as state and federal regulations. Assists the upper management in maintaining the integrity and accuracy of Accounting/Financial data in accordance with GAAP.

Responsibilities:

  • Directs the accounting operations of the Company, with primary oversight of Loan Accounting, Trust Accounting, and related operational functions, transaction processing, and the overall internal control environment.
  • Provides operational leadership and mentorship to Loan Accounting and Trust Accounting team, including training, issue resolution, and continuous development of team capabilities and performance.
  • Oversees loan-level and trust accounting processes, including invoice allocation methodologies, direct operating expense accruals, custodial/trust activity, and related reconciliations; ensures accuracy, transparency, and scalability across processes.
  • Leads initiatives to enhance and optimize operational processes, including the expansion and management of offshore resources for loan-level vendor invoice allocations and other transactional accounting activities.
  • Evaluates and improves internal accounting processes and controls; develops and strengthens policies, procedures, and internal control frameworks to ensure compliance, particularly over loan and trust-related transactions.
  • Oversees all operational accounting activities, including journal entries, general ledger reconciliations, and ownership of the monthly, quarterly, and annual close processes; supports financial statement preparation.
  • Drives operational efficiency and financial performance by analyzing expense trends, identifying cost drivers, and implementing cost reduction and process improvement initiatives across accounting operations.
  • Collaborates with cross-functional teams to ensure that new products, business lines, and complex transactions are accurately accounted for and properly reflected in the general ledger and financial statements.
  • Leads, develops, and retains a high-performing accounting team, providing direction in workforce planning, performance management, and employee development; responsible for hiring, coaching, and resolving employee issues.
  • Leads and executes strategic initiatives and special projects related to accounting operations, including system implementations, process standardization, and scalability improvements.
  • Ensures the accuracy, integrity, and effectiveness of financial records and internal controls. Directs the implementation of internal controls ensuring compliance, including developing and maintaining accounting policies and procedures.
  • Develops monthly and quarterly financial reports for management; identifies areas of concern and cost-saving solutions.
  • Responsible for recommending final hiring and termination decisions, overall direction, coordination, and evaluation of related employees. Responsibilities include interviewing and training employees; planning and directing work; managing performance; addressing complaints and resolving problems.
  • Performs other duties and projects assigned.

Requirements

  • Bachelor's Degree in Accounting preferred, and/or minimum of ten (10) + years' equivalent work experience.
  • Minimum seven (7) + years of management experience preferred.
  • CPA preferred.
  • Extensive knowledge and working experience with general ledger systems.
  • Experience in the Mortgage industry preferred.
  • This role required a hybrid schedule based out of Irvine, CA.

Why work for #teamloanDepot:

  • Aggressive compensation package based on experience and skill set.
  • Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
  • Work with other passionate, purposeful, and customer-centric people.
  • Extensive internal growth and professional development opportunities including tuition reimbursement.
  • Comprehensive benefits package including Medical/Dental/Vision.
  • Wellness program to support both mental and physical health.
  • Generous paid time off for both exempt and non-exempt positions.

Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $142,000 and $180,000. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.

About loanDepot

LoanDepot, sometimes stylized as loanDepot, is a Lake Forest, California-based holding company which sells mortgage and non-mortgage lending products. In 2015, the company claimed to be the second largest non-bank provider of direct-to-consumer loans in the United States. LoanDepot was founded in 2010 by entrepreneur Anthony Hsieh, who had previously founded mortgage companies LoansDirect.com which he sold to E*Trade, and HomeLoanCenter.com, which he sold to LendingTree. The company's products at the time included fixed rate, jumbo, FHA and home equity loans, in addition to more controversial adjustable-rate mortgages and negative amortization products. In November 2015, the company postponed a planned IPO, citing poor market conditions. In March 2017, the company introduced technology to automate the loan process, allowing customers to apply for a mortgage without talking to a loan officer. In January 2018, the company announced two products as part of its technology platform, now called Mello, a home improvement unit to allow contractors to offer financing to customers, and Mello Home, a platform to connect pre-approved buyers to realtors. In September 2019, the company partnered with Century 21 Redwood Realty to form a new mortgage platform for the mid-Atlantic area, Day 1 Mortgage. loanDepot went public on the New York Stock Exchange on February 11, 2021 under the ticker symbol LDI.
Learn more about loanDepot
Market Cap
$453.5 million
Industry
Finance & Insurance
Founded
2010
5 Year Trend
+26.8%
NASDAQ
LDI
* Ladders Estimates

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