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| ACTIVE ENGAGEMENTS |
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| TITLE |
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| Vice
President, Loan Accounting
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| LOCATION |
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East Coast
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| COMPANY |
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Our client is one of the largest globally recognized financial institutions.
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| RELATIONSHIP |
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This position reports to the Corporate Controller.
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| SPECIFIC RESPONSIBILITIES |
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The Vice President, Loan Accounting will own and oversee all aspects of the company’s loan accounting and related operations. Specifically, this position will lead a team of 85 plus personnel that own and oversee the day-to-day accounting for loan acquisitions, administration of servicer due to and from accounts, accounting for guarantees of non-consolidated loans, performance of consolidation accounting for guaranteed loans and related debt, accounting for performing loan cost bases, accounting for non-performing loans (including troubled debt restructurings), and accounting for real estate owned assets.
This executive has lead responsibility for providing direction and oversight to ensure appropriate application of generally accepted accounting principles (“GAAP”) for the above areas, as well as ensuring adherence to proper controls and processes, including those that support generally accepted accounting principles, Sarbanes-Oxley (“SOX”), and other operational requirements for all financial reporting and similarly controlled deliverables in these areas. In addition, this executive will:
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Continuously review loan processes, systems requirements, controls, and business activities, end-to-end, in the loan cycle and make tactical and strategic adjustments, as necessary, to ensure optimization of people, processes, and technology in support our client’s mission and business initiatives. |
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Provide leadership in support of the monthly financial close processes for each of the loan areas, including establishment of strong analytical reporting, adherence to financial reporting deadlines established by the finance function, and communication of trends and periodic results. |
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Provide leadership in support of key systems initiatives in the loans and real estate owned (“REO”) areas, as well as provide vision for enhanced operating processes and drive required systems changes to simplify existing processes, while ensuring alignment with our client’s future state technology architecture. |
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Serve as the liaison between key leaders and Chief Financial Officers in each of the single family, multi-family, capital markets, and credit loss mitigation business units regarding key financial reporting matters, new business initiatives, and key corporate initiatives that require cross-division support and leadership. |
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Provide leadership in support of quarterly reviews and the annual audit. |
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Ensure alignment of teams with key finance initiatives, including participation in the budgeting and forecasting, talent review, and goal setting processes. |
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Participate in establishing the vision and operating plan for the controllers group through liaison with key strategic partners in technology and operations, internal audit, legal, financial reporting, loan and capital markets operations, credit loss mitigation, and financial planning and analysis. |
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Actively engage with the accounting policy group regarding forthcoming accounting standards impacting the loans and real estate owned areas, ensuring proactive impact assessment and systems development that will position the company for successful adoption. |
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Build and strengthen strategic relationships with credit loss management and national servicing office leaders to enable the controllers organization to remain abreast of key credit loss management initiatives and adequately plan for necessary accounting systems changes, as new initiatives arise and changes to existing initiatives occur. |
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| QUALIFICATIONS |
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Qualified candidates must possess the following:
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15+ years of Financial Services experience. |
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15+ years of accounting and finance experience. |
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Experience managing a team of 50 or more employees. Significant experience leading a highly regulated, complex accounting organization. |
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Thorough understanding of internal controls. |
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Deep leadership, planning, and managerial skills, with long-term potential to contribute broadly at the executive level. |
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Ability to influence members of the organization at all levels. |
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Excellent written, verbal, and interpersonal skills. |
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| EDUCATION |
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Bachelors degree and Certified Public Accountant (“CPA”) degree required.
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Please click here to submit
resume. |
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