Staff Accountant

Luxury Mortgage Corp.; Stamford (CT); Hybrid; USD 70,000 - 80,000; Full time

Benefits offered by this job

Paid vacation, sick and personal days

401k with employer matching

Short- and Long-Term disability plans

Voluntary Life & AD&D insurance

Pet Insurance options

Healthcare, Dependent Care and Transit

Employee Assistance Program

Job summary

Luxury Mortgage Corp. in Stamford, CT, is seeking a full-time Staff Accountant to join our accounting team. The role supports financial reporting, reconciliations, audits and close processes, reporting to the Controller.

The ideal candidate has strong analytical skills and experience in general accounting operations within mortgage banking. Key duties include journal entries, monthly reconciliations, bank reconciliations, and assisting with regulatory requests and consolidation with the parent

Qualifications

• BA in Accounting, Finance or related field.
• 2-4 years of Accounting experience; mortgage banking a plus.
• Strong understanding of GAAP principles.
• Proficiency in Excel, especially formulas.
• Experience with mortgage banking software: Advantage Systems, AMB, nCino and Encompass LOS.
• Strong attention to detail and analytical and communication skills.

Responsibilities

• Process journal entries for financial transactions and loan-related activities.
• Perform monthly account reconciliations and roll-forward procedures.
• Complete monthly bank reconciliations and resolve discrepancies.
• Assist the Controller with improving financial reporting, monthly close, and consolidation with the parent company.
• Support year-end audits and regulator audit requests.
• Reconcile commission applications to the LOS and track advances.
• Prepare and manage daily cash reports and cash reconciliations.
• Participate in ad-hoc accounting and financial projects.

Skills

GAAP knowledge

Excel formulas

Analytical skills

Communication skills

Education

BA in Accounting, Finance or related field

Tools

Advantage Systems

Accounting for Mortgage Bankers (AMB)

nCino (Compensafe)

Encompass LOS

Job description

FLSA Status: Non-Exempt
Reports To: Controller

Location: Hybrid - Stamford, CT

At Luxury Mortgage Corp. (LMC), we are more than just a mortgage banker, we are a thriving, innovative, and diverse company with a strong presence across 44 states and multiple production channels. Headquartered in Stamford, CT, with an additional office in Irvine, CA, we have been setting the standard in the mortgage industry since 1996. We are dedicated to growing our team with professionals who share our passion for excellence.

LMC is seeking a full-time Staff Accountant to join our Stamford, CT team. In this role, you will support the Accounting team with tasks related to financial reporting, reconciliations and audits. The ideal candidate will have strong analytical skills and experience in general accounting operations, financial statement preparation and audit processes. You will collaborate with internal teams and external partners and report directly to the Controller.

Key Responsibilities:

• Process journal entries for various financial transactions and loan-related activities.
• Perform monthly account reconciliation and roll-forward procedures to ensure financial accuracy.
• Complete monthly bank reconciliations, identifying and resolving any discrepancies.
• Assist the Controller with:
  • Improving financial reporting
  • Completing monthly close processes.
  • Consolidating financials with the parent company on a monthly basis.
  • Auditing year-end financial statements and 401(k) plan.
  • Fulfilling regulator audit requests.
• Reconcile commission applications to the loan origination system (LOS) and track commission advances.
• Prepare and manage the daily cash report and daily cash reconciliation.
• Support ad-hoc Accounting and financial projects, based on business needs.

Qualifications:

• BA in Accounting, Finance or related field or similar experience.
• 2-4 years of Accounting experience, mortgage banking experience a plus.
• Strong understanding of GAAP principles.
• Proficiency in Excel, specifically experience with formulas.
• Experience with Advantage Systems, Accounting for Mortgage Bankers (AMB), nCino (Compensafe) and Encompass LOS software.
• Strong attention to detail and analytical skills.
• Effective communication and organizational skills.

PERKS and BENEFITS

At LMC we believe our employees are our greatest asset. We know that happy employees are productive employees, which is why we offer a comprehensive benefits package including but not limited to:

• Paid vacation, sick and personal days
• 401k with employer matching contribution
• Short- and Long-Term disability plans
• Voluntary Life & AD&D insurance
• Pet Insurance options
• Healthcare, Dependent Care and Transit FSA
• Employee Assistance Program

We are building a diverse and inclusive workforce where we provide equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, genetic disposition, disability, veteran status or any other protected category under federal, state or local law.

The compensation range for this role is $70,00.00 to $80,000.00 which may vary based on skills, experience and location.

NOTE: The above description is intended to describe the general nature and level of work to be performed. It is not intended to be an exhaustive list of all responsibilities of the position