Investor Accounting Manager
PENNYMAC:
Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.
A Typical Day:
The Investor Accounting Manager is responsible for the accounting, reporting, reconciling and remitting for investors of the company. As the Manager, you will perform analysis of system cutoff activity and compare to the corresponding remittance methodology (Scheduled/Scheduled, Scheduled/Actual and Actual/Actual).
The Investor Accounting Manager will:
- Perform pool to security reconciliations and test of cash analysis
- Quantify over/shortage positions and take appropriate steps to clear variances
- Prepare reports and remit funds associated with payoffs, short sales and other events to Investor
- Monitor Cash Control reports and ensure advances are made in a timely and accurate manner
- Support management in the identification of reporting trends and analyze key deficiencies
- Research, resolve and document all variances in the Investor Reporting application, servicing system, efanniemae.com, efreddiemac.com and Midanet
- Assist bank reconciliation staff with balancing of custodial accounts
- Perform other related duties as required and assigned
- Demonstrate behaviors which are aligned with the organization’s desired culture and values
What You’ll Bring:
- Bachelor’s degree or equivalent work experience
- 7+ years of relevant work experience
- Must be highly proficient in Excel and Word
- Financial Services and, if possible, mortgage industry experience preferred
Why You Should Join:
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do.
Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.
Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:
- Comprehensive Medical, Dental, and Vision
- Paid Time Off Programs including vacation, holidays, illness, and parental leave
- Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
- Retirement benefits, life insurance, 401k match, and tuition reimbursement
- Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
To learn more about our benefits visit: https://pennymacnews.page.link/benefits
Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
- Lower in range - Building skills and experience in the role
- Mid-range - Experience and skills align with proficiency in the role
- Higher in range - Experience and skills add value above typical requirements of the role
Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary: $75,000 - $130,000
Work Model: OFFICE