• Mortgage Controller

    Job Locations US-TN-Memphis
    Job ID
    2018-1235
    Category
    Accounting/Finance
    Type
    Regular Full-Time
  • Overview

    The Mortgage Controller is responsible for supporting the Mortgage Division of the Bank by assuming responsibility for all aspects of the accounting function of the Mortgage Division. The Mortgage Controller is responsible for applying accounting principles, policies and procedures, analyzing financial information, preparing accounting entries, maintaining the general ledger and preparing timely and accurate financial analysis, reports, statements and budgets. In addition, the Mortgage Controller must maintain an effective system of internal accounting controls. The Mortgage Controller must collaborate effectively and professionally with other Mortgage Division and Bank team members.

     

     

    Main Job Tasks and Responsibilities:

     

    • Responsible for accounting and financial reporting activities for the Mortgage Division
    • Provide accounting and financial support to the Mortgage Division President as well as other Mortgage Division team members including Loan Production Office (LPO) personnel, (approximately 25 LPOs), as well as Mortgage Operations associates.
    • Apply Generally Accepted Accounting Principles along with the Mortgage Division’s accounting policies and procedures to the Mortgage Division’s financial transactions
    • Manage the accounting close for the Mortgage Division within 10 business days of month-end in conjunction with the bank closing process and produce accurate and timely monthly financial statements and financial reports
    • Prepare other timely financial analysis and key metrics for the Mortgage Division as needed to support the Mortgage Division President, the CFO and other Senior Management of Bank
    • Establish and maintain an effective system of internal accounting control procedures for the Mortgage Division
    • Responsible for reconciling all Mortgage Division general ledger accounts accurately and timely
    • Responsible for managing the daily accounts payable functions
    • Responsible for preparing accurate and timely monthly P&Ls and updating contingency reserves for each LPO
    • Communicate as necessary with the LPO managers to address accounting questions and provide support
    • Prepare and record monthly Mortgage Mark to Market accounting entries (IRLC, LHFS & hedge instruments)
    • Responsible for calculation of bi-weekly Mortgage loan officer commissions
    • Develop and maintain Mortgage Division Accounting Policies and Procedures
    • Prepare the Mortgage Division annual budget and support the preparation of the annual budget
    • Prepare monthly variance analysis of actual financial results compared to budget
    • Review pro-forma financial statements of potential new LPOs and assist with the on-boarding process as necessary.
    • Monitor all LPO real estate leases and assist in renewal process as necessary
    • Prepare periodic Mortgage Division forecasted financial information
    • Provide support as needed for internal and external audits and examinations
    • Supervise the accounting staff of the Mortgage Division
    • Develop effective relationships with Mortgage business partners and attend Mortgage Division management meetings as appropriate
    • Provide accounting support for any legal and compliance matters as necessary
    • Provide accounting support for the IT department by managing the IT stock GL account and monitoring all IT purchases.
    • Assist the IT Department with the development of their annual budget and monthly IT cost allocations
    • Support other Bank divisions as requested by the CFO
    • Perform other duties and functions as requested by the CFO

     

    Education and Experience:

    • Bachelor’s Degree in Accounting required, CPA preferred
    • Knowledge and application of generally accepted accounting principles and auditing processes
    • 5-7 years of accounting experience
    • Strong general ledger accounting and close experience
    • Supervisory experience

    Key Competencies:

    • Effective management skills and ability to communicate with all levels of employees
    • Attention to detail and accuracy
    • Strong analytical, financial analysis and data analysis skills
    • Accounting systems knowledge
    • Strong judgment and problem-solving skills
    • Ability to organize and prioritize workload for self and staff

     

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