Loan Accounting Manager

The Loan Accounting Manager is responsible for overseeing and directing the day-to-day operational and financial accounting for residential mortgage lending activities. This role manages loan funding, warehouse financing, secondary marketing transactions, loans held for sale (LHFS), and trust/escrow liabilities.

The successful candidate will lead a team of staff accountants, ensure strict compliance with US GAAP and mortgage industry regulations, maintain robust internal controls, and partner closely with Secondary Marketing, Loan Operations, Post-Closing, and Servicing teams.

• Oversee daily loan-level accounting for funding & purchases.
• Manage daily warehouse line reconciliations, ensuring all borrowings, repayments, & interest calculations match warehouse lender statements and internal records.

• Work with corporate accounting & finance on the monthly, quarterly, and year-end loan accounting close processes within established reporting deadlines.
• Review and approve journal entries, balance sheet reconciliations, and amortization schedules for loan origination & sales cost.
• Analyze loan-level general ledger variances, identifying discrepancies and ensuring timely adjustments.

• Supervise, mentor, and develop a team of loan accounting specialists and staff accountants.
• Establish clear performance objectives, conduct regular reviews, and provide ongoing technical training and coaching.
• Identify opportunities to automate workflows, optimize loan accounting system capabilities, and streamline interfaces between the Loan Origination System (LOS) and General Ledger.

• Design, implement, and maintain effective internal controls over mortgage loan accounting processes and reconciliation workflows.
• Coordinate internal, external, regulatory, and warehouse bank audit requests by preparing audit schedules, confirmations, and loan-level supporting documentation.

• Standard office environment with options for hybrid/remote arrangements depending on company policy.
• Extended periods of computer/screen use and keyboarding.
• Must be available to support month-end close schedules that may periodically require flexible working hours.

• • Direct working knowledge of mortgage accounting software (such as AMB/Advantage Mortgage Bookkeeping, Loan Vision, or similar industry ERP systems).
  • Familiarity with Loan Origination Systems (e.g., Encompass) and servicing platforms (e.g., MSP).
  • Advanced Microsoft Excel skills (vlookups, index/match, pivot tables, sumifs, and complex data modeling).

• Direct experience with warehouse facility treasury operations and secondary marketing lock/trade reconciliation.
• Experience with database queries, Power BI, or report writing tools.

• Analytical Problem-Solving: Ability to dissect complex transaction flows across origination, secondary marketing, and servicing to resolve ledger imbalances.
• Communication & Collaboration: Strong interpersonal and presentation skills to interface effectively with senior management, external auditors, warehouse lenders, and cross-functional partners.
• Detail-Oriented & Organized: Exceptional precision in review, with the capacity to manage strict deadlines in a fast-paced lending environment.
• Adaptability & Leadership: Proven ability to drive operational change, implement software updates, and maintain high team morale under deadline pressure.