Vice President, Financial Reporting and Accounting Policy

Role Description

This position leads the Financial Reporting and Accounting Policy team within the Chief Accounting Officer’s organization. The role oversees the financial reporting requirements of Onity Group and its subsidiaries, including:

• Preparation of financial statements for Form 10-K and 10-Q filings with the SEC
• Statutory legal entity reporting
• Debt covenant, licensing, and regulatory compliance purposes
• Other regulatory filings

This role reports to the Chief Accounting Officer and works cross-functionally with:

• Accounting operations
• Valuation groups
• Other business units and support functions, including the SOX team

The role includes the management of the relationship with external auditors and regulators. Additionally, it is responsible for:

• Development, implementation, and maintenance of accounting policies and procedures
• Advising senior management (including Chief Financial Officer and Chief Investment Officer) on transactions and complex accounting matters

Job Functions and Responsibilities:

• Lead the preparation of the annual Form 10-K and quarterly Form 10-Q reports with the SEC.
• Oversee the preparation of various non-SEC recurring statutory and regulatory financial reports to be filed with U.S. federal agencies, states, and government-sponsored entities for certain subsidiaries of Onity in accordance with statutory and regulatory requirements.
• Serve as a key point of contact for external auditors, legal counsel, and other external stakeholders on financial reporting and accounting policy matters.
• Maintain and recommend updates to significant accounting policies and research accounting and reporting for new transactions in accordance with U.S. GAAP.
• Stay abreast of changes in accounting standards and reporting regulations and assess their impact on the company.
• Provide guidance and interpretation on complex accounting matters to various departments within the organization.
• Oversee the maintenance of a system of internal control that is Sarbanes-Oxley compliant, its documentation, and related testing for financial reporting cycles.
• Drive process improvement and automation initiatives within the financial reporting team.
• Provide ad hoc analyses in support of business transactions, strategic initiatives, and other management information needs.
• Lead, mentor, and develop a high-performing team of financial reporting and accounting policy professionals.

Qualifications

• Bachelor's degree in Accounting or Finance required; Master's degree preferred.
• CPA (Certified Public Accountant) license, or equivalent required.
• Experience in Big 4 Accounting firms is highly desirable.
• Minimum of 10 years of progressive experience in accounting, with a significant portion focused on financial reporting and accounting policy.
• Prior experience in a publicly traded company and SEC reporting is required.
• Strong technical accounting knowledge of US GAAP.
• Experience in developing and implementing accounting policies and procedures.
• Exceptional verbal and written communication skills, including the preparation of notes to financial statements and presentation to C-suite and Board audit committee.
• Ability to present complex information clearly and concisely.
• Demonstrated leadership and team management skills, with the ability to motivate and develop staff.
• Proficient in MS Office.
• Working knowledge in Oracle Fusion and Workiva Wdesk is a plus.

Requirements

• Must pass the Company’s Background Screening process prior to beginning employment.
• May be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

Benefits

• The salary range for this position is expected to be $200,000 – $225,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate.
• This position is also eligible for bonus and long-term incentive based on performance and subject to the terms of the Company’s applicable plans.