Whole Loan Accounting expert - Centraprise : Job Details
Whole Loan Accounting expert
CentrapriseJob Location : New York,NY, USA
Posted on :
2024-12-10T08:50:24Z
Job Description :
Role: Whole Loan Accounting expert Location: New York, NY (Hybrid - 3 days/week) Duration: FulltimeSkillset Accounting related to Mortgage Loans Experience in US Gaap Accounting Business Classifications IFRS Job Description
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- Customer is currently developing the Residential Mortgage Whole Loan Trading initiative, under this initiative, we will purchase closed, fully funded residential mortgage loans from third-party mortgage originators, with the intent of subsequently selling the mortgages within 3 to 9 months for a profit.
- Experience in this Loan Products required. Tasks: Define the accounting classifications and regulatory capital methodologies for the Whole Loan Trading scenarios.
- Define and implement reporting requirements to facilitate the generation of the accounting. regulatory capital calculations as well as the associated reporting to regulators.
- Help to define the GL accounts/cost centers for Whole Loan Sales and Securitizations. - Identify data needs (reporting & reconciliations) all risk and operational areas. Getting information from Accounting System (Cumbre) and translated into Cargabal new data model.
- Help to define reporting requirements for all accounting classifications and RWA methodology scenarios, including data elements required, format and timelines.
- Skills (Must Have's)
- Contrasted experience in US Gaap. Experience in Accounting related to Mortgage Loans (Whole Loan or Warehouse Lending).
- Regulatory Capital Treatment. Knowledge in Accounting Business Classifications (Held to Collect, Held to Collect & Sell, Fair Value).
- Knowledge of an Accounting General Ledger System
- Industry Certification is a MUST. Our client requires all the employees working on this engagement to be COVID-19 vaccinated.
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