Senior Accounting Analyst

Diligente Technologies; San Francisco (CA); Hybrid; USD 83,000 - 124,000; Full time

Job summary

Diligente Technologies in San Francisco is seeking an Accounting Consultant or Sr Accounting Analyst to support hedge accounting and loan accounting activities on a 6-month+ contract. Hybrid work Tue/Wed/Thu with virtual or onsite interviews.

Ideal candidate has 3–5 years of experience in Banking/Mortgage Finance/Capital Markets accounting, hands-on reconciliations, variance analysis, and Workday financials or similar ERP.

Qualifications

• 3–5 years of relevant experience in Banking / Mortgage Finance / Capital Markets Accounting.
• Hands-on accounting experience.
• Experience with hedge accounting and loan accounting is a plus.
• Familiarity with Workday or similar ERP.

Responsibilities

• Perform accounting support activities for hedge accounting processes, including preparing schedules, reconciliations, journal entries, and documenting workflows during resource coverage periods.
• Validate loan commitments, funding activity, remittances, credit fees, and related accounting by comparing source reports to records and investigating discrepancies.
• Prepare and post journal entries for income, expenses, amortization/accretion, fair value adjustments, hedge accounting, loans, and related portfolios."
• Execute monthly FAS 91/FAS 149 processing and support accounting for loans, MBS, and investment portfolios.
• Perform reconciliations, period-over-period variance analyses, and investigate accounting/reporting discrepancies with explanations for material fluctuations.
• Reconcile and certify general ledger accounts in Workday Financials and ensure completeness/accuracy of records.
• Execute accounting procedures per internal controls and maintain documentation for management/audit testing.
• Perform hedge inception testing on new trades; conduct weekly hedge effectiveness testing and document failures per policies.

Skills

Account Reconciliations

Variance Analysis

Hedge Accounting

Loan Accounting

Tools

Workday Financials

Job description

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

Duration: 6 Months+

Work Mode: Hybrid (Tue/Wed/Thurs)

Interview Process: 2 or 3 rounds

Interview Mode: Virtual or Onsite

The ideal candidate will be from a Banking / Mortgage Finance / Capital Markets Accounting background with hands-on accounting experience.

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

Nice to haves: Hedge Accounting, Loan Accounting

Years of Experience: 3-5 years of relevant experience

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 policies and ASC 815. Perform weekly hedge effectiveness testing and document any failures in accordance with policies and procedures.