Accounting Consultant

Diligente Technologies; San Francisco (CA); On-site; USD 96,000 - 152,000; Full time

Job summary

Diligente Technologies in San Francisco, CA is seeking an Accounting Consultant or Sr Accounting Analyst/Sr Accountant for a 6-month engagement. You will support hedge accounting processes, perform reconciliations, and prepare journal entries across loans, MBS, and investments.

The role focuses on validating commitments, conducting variance analyses, and ensuring accuracy in Workday Financials. Prior hedge/loan accounting experience is a plus, with strict adherence to internal controls and

Qualifications

• Must have strong experience with account reconciliations and variance analysis.
• Experience with hedge accounting and loan accounting is a plus.

Responsibilities

• Perform accounting support activities for hedge accounting processes, including reconciliations, journal entries, and documentation.
• Validate loan commitments, funding activity, and related accounting transactions by reconciling source systems to records.
• Prepare and post journal entries for income, expenses, amortization, fair value adjustments, hedge accounting, and loan accounting.
• Execute monthly FAS 91/FAS 149 processing and support accounting for loans, MBS, and investments.
• Perform period-over-period reconciliations and investigate discrepancies, documenting explanations for material fluctuations.
• Reconcile and certify general ledger accounts in Workday Financials and ensure accuracy of records.
• Follow internal controls and maintain supporting documentation for audits.
• Conduct hedge inception testing and weekly hedge effectiveness testing per policy.

Skills

Account Reconciliations

Variance Analysis

Tools

Workday Financials

Job description

Job title: Accounting Consultant or Sr Accounting Analyst or Sr Accountant

Must haves: Account Reconciliations, Variance Analysis, Workday financials or similar software

Duration: 6 Months

Nice to haves: Hedge Accounting, Loan Accounting

Job Description:

• Perform accounting support activities related to designated hedge accounting processes, including preparation of supporting schedules, account reconciliations, journal entry support, and documentation of accounting workflows, as assigned during periods of resource coverage.
• Validate MPF loan commitments, funding activity, principal and interest remittances, credit enhancement fees, and related accounting transactions by comparing source system reports to accounting records and investigating identified discrepancies.
• Prepare and post journal entries for income, expenses, premium and discount amortization/accretion, fair value adjustments, hedge accounting, nonperforming loans, loan loss reserves, charge-offs, and REO accounting.
• Execute monthly FAS 91/FAS 149 processing and support accounting for loans, MBS, and investment portfolios.
• Perform account reconciliations, period-over-period variance analyses, and investigation of accounting and reporting discrepancies, including documenting explanations for material fluctuations.
• Reconcile and certify general ledger accounts in Workday Financials and ensure the completeness and accuracy of accounting records.
• Execute assigned accounting procedures in accordance with documented internal controls and maintain supporting documentation required for management review and audit testing
• Perform hedge inception testing on all new trades, ensuring trades meet the requirement of Bank policies and ASC 815. Perform weekly hedge effectiveness testing and document any failures in accordance with Bank policies and procedures.