Investor Accounting Analyst II

CMG Financial; United States; Remote; USD 85,000 - 90,000; Full time

Job summary

A leading financial services company is seeking an Investor Reporting Analyst to oversee accounting processes for various GSEs. The role encompasses daily operations, collaboration with servicing departments, and adherence to investor controls, requiring a strong analytical background and proficiency in accounting principles.

Qualifications

• Working knowledge of GSE databases and servicing platforms.
• Proficiency in investor accounting principles.
• Ability to communicate complex information effectively.

Responsibilities

• Daily operations for Fannie Mae and Freddie Mac portfolios.
• Review and resolve accounting variances and exceptions.
• Collaborate with servicing departments to improve efficiency.

Skills

Analytical skills

Attention to detail

Proficiency in Excel

Ability to work independently

Education

Experience in investor accounting

Tools

Mortgage loan software

Job description

Position Overview

The Investor Reporting Analyst’s primary role is to maintain consistent and timely accounting records and processes for all GSEs and other entities, including for Fannie Mae, Ginnie Mae, Freddie Mac, CMG Financial, and other private investors. They will be responsible for day-to-day, monthly, cyclical, and ad hoc accounting operations including but not limited to; portfolio and loan level exception management and resolution, accurate agency remittance and custodial account reconciliation, and ensuring compliance with investor and internal controls.They will collaborate with all relevant servicing departments to establish a net-new mortgage servicer, as directed by the Head of Investor Reporting and Accounting. This person is experienced in the industry with a strong working knowledge and understanding of investor reporting processes and portfolio management and operations. This role involves ensuring compliance with regulatory requirements, optimizing current and developing operational processes, and collaborating with a team of investor reporting and accounting servicing professionals as well as corresponding servicing departments at CMG to design, build and enhance best-in-class processes.

Essential Duties & Responsibilities

• Daily and monthly operations for the Fannie Mae, Freddie Mac, Ginnie Mae or Private investor portfolios, including remittances, daily and monthly reporting, cutoff reporting, and reconciliations.
• Review and resolve all accounting variances and exceptions in a timely manner.
• Complete all daily, monthly, cycle, and ad hoc reporting and remitting within the SLA timeline.
• Utilize available data integration systems and processes to ensure custodial accounts are fully funded ahead of investor remittance draws
• Custodial account management and research of variances/opens items identified through the reconciliation process.
• Root cause analysis and resolution of reporting and funding exceptions between CMG’s servicing platform and investor systems
• Review and process all investor remittances in adherence with their respective guidelines.
• Perform test of cash research to identify potential cash and non-cash items that contribute to differences between the adjusted bank balances and the cash book.
• Collaborate with other servicing departments in building or improving new or current processes to improve the efficiency of operations.
• Assist with audits by providing required documentation or research as requested.
• Stay current on upcoming changes from the GSE's and determine impacts on system and operational processes.
• Maintain and follow all procedures and operational controls within the monthly process
• Perform any other related duties as assigned by management.

Qualifications & Experience

• Working knowledge of GSE (FHLMC, GNMA, FNMA) databases and servicing platforms
• Proficiency with investor accounting principles and concepts, including debits and credits, cash flow requirements, bank reconciliations, etc.
• The ability to work independently in a fast-paced, deadline-driven environment.
• Ability to apply analytical skills and sound judgment to assess impact on borrowers, investors, and company.
• Organized and detail oriented, ability to manage multiple priorities, strong sense of urgency and follow through
• Sound judgment, ability to think critically.
• Intermediate to advanced Excel skills.
• Proficiency in using and learning mortgage loan software.
• Ability to communicate and interpret complex information effectively in both verbal and written forms.
• Familiarity with the GNMA, FNMA and FHLMC Reporting and Remitting calendars
• Ability to engage with managers and associates to achieve goals and objectives.
• Ability to work independently and as a member of high performing team.
• Commitment to excellence and extraordinary standards.

SUPERVISORY RESPONSIBILITIES:Direct Reports: N/A

PHYSICAL and ENVIRONMENTAL CONDITIONS:

This role operates in an ADA compliant office environment, utilizing typical office equipment and tasks including computer work. The position may involve partial stationary positions and moving throughout the day. Flexibility to work overtime to meet project deadlines is required.

COMPENSATION:

CMG pays a competitive salary which ranges from $85,000 - $90,000. Factors that affect salary may include:Investor Accounting experience and knowledge of mortgage servicing. Overall knowledge, number of years worked in the mortgage industry, types of roles performed, computer skills, experience specific to working with mortgage lenders, and education.