DescriptionJob Overview Mortgage Accountant is responsible for overseeing and maintaining financial records and reports, which includes performing mortgage and general accounting functions, account reconciliations, and interim servicing. Key Responsibilities and Essential Functions Mortgage Accounting Maintain accurate and up-to-date financial records related to mortgage loans, including loan origination, payments, interest, and escrow balances. Post and reconcile daily transactions, ensuring that accounts are balanced and accurate. Preparation of journal entries for mortgage-related transactions. Perform monthly bank and general ledger reconciliations for mortgage-related accounts, including loan servicing and escrow accounts. Ensure that all mortgage transactions are accurately reflected in the financial statements. Prepare loan-related financial reports, such as amortization schedules and principal balance reports. Monitor loan balances and ensure proper accounting for interest, principal, and escrow portions. Manage and track escrow accounts for mortgage clients, ensuring proper allocations for taxes, insurance, and other escrow-related expenses. Reconcile escrow accounts to ensure proper funding and disbursements. Research and resolve escrow discrepancies. Support the month-end and year-end closing processes by preparing necessary documentation and reports. Acts as a backup in reviewing daily bank transactions to validate positive pay Prepares journal entries and researches out of balance issues Performs loan level accounting and researches discrepancies Reconciles bank statements, as assigned.SkillsAudit, Risk management, gaap accounting, mortgage, mortgage lending, mortgage operationsTop Skills DetailsAudit,Risk management,gaap accountingAdditional Skills & QualificationsMinimum Qualifications and Experience High School Diploma or equivalent Bachelor’s degree in Accounting, Masters preferred Three to Five (3-5) years of Accounting Experience (experience in mortgage, real estate, or banking preferred) Thorough understanding of Generally Accepted Accounting Principles (GAAP).Experience LevelIntermediate LevelPay and BenefitsThe pay range for this position is $100000.00 - $100000.00
Health insurance- Life insurance- Disability insuranceAdditionally, you will be entitled to 2 Weeks of paid vacation for each year of employment inaccordance with our usual policies.You will be entitled to 1 Week, paid, to be allocated for illness or personal business each year ofemployment in accordance with our sick leave policy, which may be modified from time to time.
Workplace TypeThis is a hybrid position in Scottsdale,AZ.Application DeadlineThis position will be accepting applications until Jan 21, 2025.About TEKsystems: We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company. The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.