What are the responsibilities and job description for the Assistant VP Investments Accounting position at Pennymac?
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.
A Typical Day The Assistant Vice President Investor Accounting will oversee all aspects of the Investor Accounting functions and requires accountability, flexibility, accuracy, strong organization and prioritization skills, and critical thinking skills. As the AVP Accounting, you will provide direction and leadership to the team to drive the business forward, while maintaining and improving operating costs through innovation and process improvements. The Assistant VP Investor Accounting will:
Work Model OFFICE Pennymac
A Typical Day The Assistant Vice President Investor Accounting will oversee all aspects of the Investor Accounting functions and requires accountability, flexibility, accuracy, strong organization and prioritization skills, and critical thinking skills. As the AVP Accounting, you will provide direction and leadership to the team to drive the business forward, while maintaining and improving operating costs through innovation and process improvements. The Assistant VP Investor Accounting will:
- Maintain all SOC-1 and SOX controls and implement new controls where warranted
- Create and maintain executive reports to demonstrate trends and analyze any key deficiencies
- 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
- Research, resolve and document all variances in the servicing system, efanniemae.com, efreddiemac.com and Ginnie Mae GMEP portal
- Perform other related duties as required and assigned
- Demonstrate behaviors which are aligned with the organization's desired culture and values
- Bachelor's degree in Accounting or a discipline related to the requirements
- 7 years of relevant work experience
- Experience working with government sponsored enterprises (GSEs) and non-GSE investors that involved complex transactions
- Must have strong leadership/management skills
- Hands-on experience with most major areas of residential mortgage servicing, including bank reconciliations and loan research
- 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
- 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
Work Model OFFICE Pennymac
Salary : $90,000 - $150,000