Description Position at loanDepot
Position Summary:Responsible for performing complex accounting activities related to Trading Securities, Builder Commitments, Fair Value and Derivative Accounting, Mortgage Servicing Rights (MSRs), MSR Debt, and related financial reporting. This role requires strong technical accounting knowledge, advanced analytical skills, and the ability to independently manage multiple accounting processes while meeting critical reporting deadlines. The Senior Accountant serves as a key accounting partner to Treasury, Capital Markets, Servicing, and Financial Reporting teams to ensure the accurate recording, analysis, and reporting of financial transactions in accordance with U.S. GAAP, company policies, and regulatory requirements. Ensures the performance of all duties in accordance with the company's policies and procedures and all applicable federal and state laws and regulations.
Responsibilities:- Prepare and record accounting entries related to Trading Securities, including remittance payments, interest income accruals, and monthly mark-to-market valuation adjustments.
- Maintain accounting records and supporting schedules for Builder Commitments, including:
- Recording and tracking new commitments.
- Recognizing commitment revenue associated with funded loans.
- Recording revenue, refunds, and losses related to expired commitments.
- Managing restricted cash transfers.
- Processing approved customer refunds.
- Serve as the primary accounting contact for Builder Commitment activities and coordinate with business partners to ensure accurate financial reporting and operational execution.
- Prepare and review bank reconciliations, including Workday bank statement reconciliations and analysis of related cash activity.
- Record fair value accounting entries related to Interest Rate Lock Commitments (IRLCs), Loans Held for Sale (LHFS), Mortgage Servicing Rights (MSRs) and Builder Commitments.
- Record MSR Bulk Sales, Holdback, Reserve and balance sheet gross up.
- Record and monitor MSR Debt activity, including debt draws, paydowns, interest accruals, debt payments, and related banking transactions.
- Reconcile bank accounts associated with MSR Debt facilities, servicing collections, and segregated asset accounts.
- Perform monthly, quarterly, and annual close activities, including journal entries, account reconciliations, variance analysis, and financial reporting support.
- Prepare schedules, analyses, and supporting documentation for internal and external audits.
- Analyze complex accounting transactions and research accounting guidance to ensure compliance with U.S. GAAP and company policies.
- Develop and maintain process documentation, accounting schedules, and reporting tools to improve efficiency and strengthen internal controls.
- Partner with business stakeholders across Accounting, Treasury, Capital Markets, Servicing, and Financial Reporting to support business initiatives and resolve accounting issues.
- Assist in training and supporting less experienced team members as needed.
- Performs other duties and projects as assigned
Requirements- Bachelor's degree in accounting or related discipline preferred and a minimum of five (5) + years of progressive accounting experience working in a similar field.
- Mortgage banking, financial services, capital markets, servicing, or fair value accounting experience preferred.
- Strong analytical, problem-solving, and organizational skills with exceptional attention to detail.
- Ability to manage multiple priorities and meet recurring month-end and quarter-end deadlines.
- Strong written, verbal, and interpersonal communication skills.
- Big 4 accounting experience is preferred.
- Licensed CPA or CPA candidate preferred.
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 $72,000 and $99,000. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.
