VP Investor Accounting at Pennymac

Carrollton, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

20 Aug, 26

Salary

0.0

Posted On

22 May, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Investor Accounting, Bank Reconciliations, Loan Research, Financial Reporting, Analytical Skills, Oral Communication, Written Communication, Microsoft Excel, Microsoft Word, Remittance Methodology, Cash Control, Audit Compliance

Industry

Financial Services

Description

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 Vice President Investor Accounting is responsible for the accounting, reporting, reconciling and remitting for investors of the company. As the VP Accounting, you will be responsible for developing and maintaining a controlled environment and delivering superior investor ratings on a monthly basis and high audit scores on reviews performed by government agencies and internal/external auditors. The VP Investor Accounting will: Perform analysis of system cutoff activity and compare to the corresponding remittance methodology (Scheduled/Scheduled, Scheduled/Actual and Actual/Actual) 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 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 Hands-on experience with most major areas of residential mortgage servicing, including bank reconciliations and loan research Must have strong analytical skills as well as excellent oral and written communications skills Must be highly proficient in Excel and Word 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 For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information 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 $95,000 - $155,000 Work Model OFFICE

Responsibilities

The VP Investor Accounting manages the accounting, reporting, and remittance processes for company investors. This includes performing system cutoff analysis, quantifying variances, and ensuring high audit scores from government agencies.