Job Description
Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.
We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
Primary Function
The Director Investor Accounting is responsible for the oversight of the Investor Accounting department of Fannie Mae, Freddie Mac, Ginnie Mae, or Private portfolios. The Director Investor Accounting will ensure that reconciliations are completed in accordance with investor and regulatory guidelines.
Direct Reports
• Manager Investor Accounting
Principal Duties
• Oversee the monthly reconciliations completed by multiple teams each month. Ensure all account reconciliations are timely and complete, all accounts have been approved and all clearing wires are completed prior to the end of the cycle.
• Resolve any coding issues with reports by working with management to make the necessary changes and update policies and procedures.
• Manage ad hoc projects and assignments as needed
• Responsible for the development and management of staff at multiple sites
• Creates reports (quality, productivity, customer service, operational efficiency)
• Manages projects with IT to conduct testing to meet project timelines
• Creates and maintains project schedules
• Partner with Corporate Accounting to identify any impact to the General Ledger
• Work with internal Investor Control team to ensure accurate information is supplied for various audits both internal and external.
• Coordinate with the department's management to address issues identified so that reoccurring process issues can be remedied.
• Performs related duties as assigned by management.
Education and Experience Requirements
• Bachelor's Degree in Accounting or Finance required.
• 8+ years of Mortgage Servicing with 5+ years Investor Accounting experience required.
• 2+ years of Management experience required.
Knowledge, Skill, and Ability Requirements
• Advanced MS Excel experience required including pivot tables, vlookups and other complex formulas
• Proficient in MS Word and PowerPoint
• SQL or other database reporting experience preferred
• Servicing Director knowledge a plus
• Proven ability to build strong relationships with stakeholders, learn quickly, be flexible and think strategically.
• Strong communication skills to interact with Senior Management and other business units.
• Working understanding of operational risks and related controls.
• Understanding of RegAB and USAP Guidelines
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
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Additional Information:
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.
Company Benefits:
Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!
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Medical, dental, and vision insurance
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Health Savings Account with employer contribution
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401(k) Retirement plan with employer match
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Paid Maternity Leave/Parental Bonding Leave
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Pet insurance
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Adoption Assistance
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Tuition reimbursement
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Employee Loan Program
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The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
Newrez NOW:
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Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
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1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
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Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
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Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions
Equal Employment Opportunity
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.