Shape the Financial Success of Our Mortgage Business.At North State Bank, we're looking for a CPA or mortgage accountant with deep mortgage accounting expertise and a passion for driving accuracy, efficiency, and strategic insight? We are seeking an experienced
Mortgage Accounting Manager to lead the accounting operations supporting our Mortgage Division.
In this highly visible role, you will oversee mortgage accounting processes, financial reporting, reconciliations, and compliance activities. You will partner with leaders across the organization to ensure the integrity of financial data, support strategic decision-making, and help maintain a strong control environment in a dynamic mortgage banking operation.
This is an excellent opportunity for a collaborative accounting professional who enjoys improving processes and making a meaningful impact on business performance.
What You'll DoLead Mortgage Accounting Operations- Manage the accounting function for the Mortgage Division, ensuring accurate and timely financial reporting.
- Maintain the integrity, accuracy, and functionality of mortgage accounting databases and reporting systems.
- Identify opportunities to enhance processes, controls, efficiencies, and reporting capabilities.
Oversee Financial Reporting & Reconciliations- Review daily reconciliations for mortgage loans held for sale (HFS).
- Ensure settlement accounts are balanced and cleared appropriately, researching and resolving discrepancies as needed.
- Record mortgage loan closings, sales, and other related transactions.
- Prepare and review mortgage commission calculations and related monthly accruals.
- Prepare and analyze mortgage performance and financial reports for executive leadership and the Board of Directors review.
Manage Mortgage Accounting Activities- Oversee loan payment processing and remittance to appropriate institutions for sold loans.
- Manage appraisal accounting activities, including invoice monitoring, approvals, collections, and write-off processes.
- Prepare monthly mortgage hedging entries and support hedge-related transactions and settlements.
- Process annual IRS Form 1098 reporting requirements.
Support Compliance & Risk Management- Partner with internal and external auditors by providing requested documentation and analysis.
- Maintain a strong understanding of mortgage banking regulations, accounting standards, and industry best practices.
- Monitor changes in GAAP and regulatory requirements and implement necessary updates to accounting processes and systems.
- Support compliance reviews and examinations, including FHA/HUD and other regulatory audits.
What You BringRequired Qualifications- Bachelor's degree in accounting, finance, or a related field, or an equivalent combination of education and experience.
- Active CPA license or in the process of obtaining a CPA license.
- Five or more years of progressive accounting experience, preferably within a banking or financial services environment.
- Strong understanding of mortgage accounting and the originate-to-sell mortgage banking model.
- Experience with financial reporting, reconciliations, accruals, internal controls, and audit support.
- Advanced proficiency in Microsoft Excel and working knowledge of accounting and financial systems.
Preferred Qualifications- Experience with mortgage servicing, secondary market activities, and mortgage hedging.
- Demonstrated success improving processes, reporting, and operational efficiencies.
Key CompetenciesWe're looking for someone who:
- Leads with integrity and accountability.
- Possesses strong analytical and problem-solving skills.
- Communicates effectively with executives, auditors, and business partners.
- Balances attention to detail with strategic thinking.
- Thrives in a fast-paced, deadline-driven environment.
- Continuously seeks opportunities for improvement and innovation.
