ACCOUNTING MANAGER
First BanCorp
Puerto Rico
hace 28 días

Job Summary :

The Mortgage Accounting Manager is responsible for all accounting duties related to the Mortgage Accounting Unit and related matters.

Including the preparation of all the internally and externally required financial reports as well as the operational duties related to the Mortgage Department.

Essential Responsibilities :

Manage the Mortgage Accounting Team

Ensure compliance with accounting standards and corporate policies. Responsible for the Business accounting practices and assuring they are consistent with the regulatory requirements and expectations.

Responsible for developing and updating policies and procedures related to Mortgage Accounting Department.

Proactively identify areas of opportunity to improve the operational processes related to Mortgage Accounting

Responsible for attending matters related to Subsidiaries of Mortgage Accounting, including coordination of efforts with the Centralized Accounting and the Business Units.

Responsible in matters related to Accounts Payable, including the improvement of actual processes, full implementation of ACH payments, documentation of policies and procedures related to the Mortgage Operation & FIMO.

Responsible for the balancing and reconciliation of the General Ledger against the MSP subsidiary, in order to assure accuracy and cero defects on either part.

The reconciliation review process and elimination of items over 90 days per the Bank policy.

Responsible for the accurate recording and disbarment of loan proceeds

Responsible for the timely and accurate processing of all payments received.

Responsible for monitoring and clearing out the payments posted to suspense accounts.

Responsible for the recording of the loan maintenances related to modifications.

Oversee that the annual Unclaimed Funds report is accurately prepared and submitted to the FDIC & OCIF in a timely manner.

Be able to prepare presentation to management regarding the performance of the unit as may be required by senior management.

  • Other duties as assigned by the Mortgage Servicing Business Unit.
  • Other Responsibilities :

    Works projects / assignments as requested by management.

    Support other department areas that affect the accounting cycle of a mortgage loan

    Independence of Judgment :

    The degree of judgment is related to integration and coordination of varied elements and its application to specific subjects, identification and definition of new problems of moderate complexity, the continuous analysis of specialized and complex subjects as well as creation and implementation of policies, strategies and work methods of general application.

    Should be familiar with a variety of the field’s concepts, practices and procedures in order to take decisions by his / her own.

    Supervisory Responsibilities :

    This position has direct supervisory responsibilities and oversight of sixteen (16) accountants plus two (2) supervisor / managers and has a doted / dual reporting to the Controller of the Bank.

    Impact of Errors :

  • The impact of errors of this position could affect essential activities of administrative, operational or business nature that have a considerable economic impact, strategic results or Bank image through the regulatory agencies, customers and the community;
  • also the stability and continuity of the vital Bank operations.

    Competencies :

    Strong background in Mortgage accounting and finance.

    Ability to manage and coordinate simultaneous tasks.

    Knowledge of federal and local financial regulations.

    Ability to work under pressure and in a fasts pace environment.

    Strong analytical skills.

    Proactive individual and result oriented.

    Team Work : balances team and individual responsibilities and contributes to building a positive team spirit with good managerial skills and people skills.

  • Ethics : Treats people with respect; keeps commitments; inspires the trust of others; works with integrity and ethically;
  • and upholds organizational values

    Innovation : generates suggestions for improving work; meets challenges with resourcefulness; and develops innovative approaches and ideas

    Quality : demonstrates accuracy and thoroughness and looks for ways to improve and promote quality

    Computer literate.

    Excellent verbal and written communication in both English and Spanish.

    Physical Demands :

    The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

    Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Specific vision abilities required by this job include close vision and distance vision. While performing the duties of this Job, the employee is regularly required to sit;
  • use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand and walk.

    Work Environment :

    Employees in this job work in an office environment with a comfortable room temperature, good lighting, and quiet conditions.

    May be required to work extended hours, including weekends and holidays, should these coincide with monthly closing analysis process or other rojects / implementations.

    Minimum Requirements :

    A Bachelor’s Degree in Business Administration is required for this job.The incumbent must have at least five (5) years of experience in Mortgage Accounting occupying a supervisory position.

    Must be computer proficient in MS Office applications (Excel, Word, Power Point).Knowledge of MSP Servicing System is a plus.

    The incumbent must also have fluent communication skills, both written and orally, in Spanish and English. Ability to work under pressure and with minimal supervision is also required.

    Overtime will be required as needed, specially at month end.

    Disclaimer

    The above statements are intended to describe the general nature and level of work being performed by people assigned to this job.

    They are not indented to be an exhaustive list of all responsibilities, duties, skills required of personnel so classified.

    The reporting relationship may not reflect the most recent changes to the corporate reporting structure.

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