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Senior Accountant

Company: Commerce Home Mortgage
Location: Irvine
Posted on: April 5, 2021

Job Description:

Job DetailsLevelExperiencedJob LocationIrvine Main Office - Irvine, CAPosition TypeFull TimeJob CategoryAccountingDescriptionWhat We Do:Commerce Home Mortgage (CHM) is a national mortgage banking company that is certified by the US Department of the Treasury as a Community Development Financial Institution (CDFI), and a non-bank member of the Federal Home Loan Bank. Our mission is to provide financial services to the entire population of people, not just individuals that are able to meet today's stringent documentation guidelines. We specifically aim to empower underbanked homeowners and communities by providing access to prime capital.GENERAL SUMMARYUnder the direction of the Controller, the operational goal of the Senior Accountant is to ensure CHM's loan accounting is conducted at maximum efficiency and consistent with CHM's Mission Statement and Core Values. The SA will have full supervisory responsibility of the Senior and Staff accountants and their use of accounting systems (Oracle, Encompass, BI 360) and will be supported by a variety of other CHM work groups. The SA will be responsible for managing loan accounting inputs (e.g. staffing, work flow, assignments and overall accounting operations) and outputs (e.g. periodic financial reports, records and statements, SA hoc reports, audits); planning, implementing and managing broad initiatives and projects for all of the accounting staff; recommending new policy and existing policy changes for the accounting department; and providing regular reports to the Controller and Director of Financial Reporting. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.Primary Job FuntionsCommunication and RelationshipsAbility to effectively and professionally interact and communicate internally with CHM employees and various Company divisions. Provide reports and work effectively with the Loan Accounting Team as required. Express complex technical ideas clearly in written and oral communications. Financial Accountability and OperationsWorking with the Controller, Assistant Controller and Director of Financial ReportingPlan and organize work to provide effective oversight of the production of monthly accounting close, financial statements and reports.Provides oversight of the accounting team and their delegation of work to accounting staff while balancing workloads to match skills and scope. As necessary, supports the team in their understanding within Oracle and ensures the training of new staff in the accounting system Oracle. Ensures accounting system access by working with the accounting staff and the internal IT department.Hires, trains, supervises and develops the employment of those supervised in accordance with company policies and directives.Apply technical information to make decisions and recommendations; act on analysis results by developing, proposing, implementing and monitoring loan accounting policies and procedures.Ensures appropriate staff development and/or training are provided, including his/her own and that of all staff. Assure that all staff is aware of and correctly adheres to company's loan accounting policies and procedures.As necessary, prepare or review financial reports, schedules, exhibits, and supporting documentation; review workpapers prepared by staff. Reviews and approves staff journal entriesReviews and approves monthly prepared G/L account reconciliationsMaintains inter-company account records including performing consolidationsCoordinate processing of payments for property taxes with Facilities and A/PPrepares invoice batches and inputs in the accounts payable module of the financial information system on a daily basis to ensure payments are processed in time for the weekly and monthly deadlinesPrepares and verifies journal entries for deposits and posts cash receipts to accounts receivable.Creates supplier records in the financial information systemReceives and organizes statements from vendors; checks vendor files for payment of any invoices listed outstanding and calls departments and or vendors in regard to any old outstanding invoices for verification of unpaid, lost, or billed invoices.Journal entries and account reconciliations for all general ledger accountsMiscellaneous reporting/projects assigned by the ControllerAnalyzes and processes loan loss repurchase reservePerforms daily cash management activities as neededResearches data for, and compiles, regulatory reports, as directedAssists in preparation of quarterly financial compliance reportsAssists management and other team members in preparation of audit and exam schedulesAssists with financial reporting functionsPerforms other duties as assignedCompliance Working with the Controller, Assistant Controller and Director of Financial ReportingEnsures compliance requirements outlined in regulatory agreements, contracts, company policies and procedures and federal, state and local laws adhered to at all times.Ensures a prompt response when requested for information from regulatory and/or financial agencies which might include but are not limited to, research, preparation, compilation, and submission of reports in an accurate and timely manner.Understand the business and accounting issues associated with the mortgage loan industry with emphasis on CHM's specific goals and core values. Supports annual compliance and regulatory audits to assure timely completion in accordance with the company and industry guidelines. External Reporting:Use of excellent communication skills to coordinate within the finance organization and others to draft and review monthly, quarterly and Annual Financial Statements in accordance with GAAP. Working with the Controller and Director of Financial Reporting to assist with the third party auditors to support and finalize the annual financial statements.Assist the Controller and Director of Financial Reporting with the financial reporting process including drafting portions of monthly, quarterly & annual financial statements, preparing supporting schedules, debt covenant compliance and regulatory reporting requirements. OTHER JOB FUNCTIONSWorking with the Controller, Assistant Controller supports the development, implementation, maintenance and monitoring of loan management and accounting internal controls and procedures that provide adequate control and audit compliance.Work collaboratively with the Controller, Assistant Controller and the Director of Financial Reporting on the development and roll-out of any changes to internal controls, policies and procedures.Makes recommendations to improve loan accounting policies and procedures for increased efficiencies and adherence to GAAP standards. Reviews and amends Company's written loan accounting processes and policies both for accounting staff. Experience with Oracle Accounting and Reporting system a plus

Keywords: Commerce Home Mortgage, Irvine , Senior Accountant, Accounting, Auditing , Irvine, California

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