Remote, CA

Onsite - NON IT - Finance & Accounting - Contract - Job ID: 24-02319

Title: Sr. Accounting Professional, Alternative Investments
Location: 100% Remote
Duration: Long Term Contract (No end date, multi year engagement)
Compensation: $80-110/hr.
Work Requirements: US Citizen, GC Holders or Authorized to Work in the U.S.

If interested, please contact Margot Parsons at mparsons@inspyrsolutions.com or call 714-465-5478

Summary:
Will directly work with client's Alternative Finance team and external service providers charged with oversight for a private mortgage Real Estate Investment Trust with assets in excess of $5 billion. The current structure is supported by a third-party administrator, outsourced accounting service provider and outsourced chief accounting officer.

Will assist the team with supporting a growing private mortgage REIT and continuing to build and refine the financial processes and controls. The successful candidate will be detail focused, highly organized, have strong communication skills, and have an interest in the accounting for residential RMBS, residential mortgage loans and corresponding securitizations.

Should have solid technical accounting skills/grasp GAAP concepts and be able to determine proper accounting/journal entries. Knowledge of accounting requirement for any of the following is a plus: RMBS; mortgage loans; securitization and re-securitization transactions, repurchase agreements; interest rate swaps and TBAs.

PRIMARY RESPONSIBILITIES:

Concentration of Excel spreadsheet preparation;
Work with the REIT Finance Team and review third-party service provider's investment accounting processes and outputs;
Review of third-party service provider's preparation of accounting and financial statements and oversee monthly general ledger maintenance, including bank reconciliations, intercompany accounts, tracking mortgage interest payments and expenses;
Accounting and reporting for whole loan pools (purchases, sales and securitizations) and review of the Trust Account reconciliations;
Review daily deliverables, identify and analyze significant variances with the assistance of the administrator;
- Prepare/review daily projected cash flow/liquidity reporting; process wires;
Assist with the monthly and quarterly close processes:
Review journal entries for daily cash activity, including trades, remittances, and various other receipts and disbursements. Review daily bank reconciliations and address any custody account overdrafts;
- Assist with the monthly structured financing waterfall process, which involves coordination among the asset and financing portfolio management team, financing counterparties, agent banks, and fund administrator;
- Assist with the closing of any new structured financings and the related review of financial reporting covenants;
- Assist in the preparation of daily and monthly general ledger entries; and the review of the journal entries into the Company's GL system;
- Assists in preparing consolidated financial statements by gathering and analyzing information from the general ledger system and from various departments;
- Review/prepare monthly-work papers, monthly accruals and account roll-forwards;
- Maintain process & procedures documentation.

QUALIFICATION AND EXPERIENCE REQUIREMENTS:

Undergrad degree in Accounting;
2+ years' of accounting experience in financial services sector (public or private);
Strong Excel skills, including the ability to determine proper functions for tasks at hand, including: basic functions (addition, multiplication, division) and SUMIF, IF, COUNTIF, CONCANTENATE, VLOOKUP, INDEX, HLOOKUP, XIRR, TRIM, Pivot tables, COUNTIF, (these skill will be assessed by client prior to interview) and demonstration of working knowledge of Microsoft Outlook and Word;
Individual must have strong drive and demonstrate initiative;
Ability to learn new systems quickly;
Hands on experience with general ledger systems a positive;
Strong attention to detail, strong organizational and prioritization skills are a must, and able to communicate effectively/ concisely;
Should be prepared to identify opportunities and make recommendations for process improvements across the accounting process.

24-02319

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