Manager, Accounting

Loan Accounting Supervisor

Position at loanDepot

Position Summary:

Responsible for supervisory level duties overseeing the accounting of loan-related duties to support the Loan Accounting team. Assists in maintaining the accuracy and integrity of the general ledger, control and compliance with company policies and procedures, and all regulatory requirements. Assists business partners with day-to-day operational activities and research and interprets discrepancies to determine proper recording of revenue and expenses. Ensures the performance of all duties in accordance with the company's policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

Responsibilities:

• Supervise and manage a team of loan accountants, providing direction, training, and performance evaluations.
• Review and approve journal entries related to loan activities, ensuring compliance with internal controls and accounting standards.
• Monitors and reviews weekly bank trust reconciliations to ensure compliance with regulatory requirements and industry standards.
• Oversee monthly and quarterly reconciliations of loan accounts, ensuring accuracy and alignment between the general ledger and subsidiary loan accounts, Warehouse Facilities.
• Coordinate the preparation of loan reports such as Loan Held for Sale Rollforward for internal stakeholders and auditors.
• Oversee internal controls by managing the policies, procedures, and systems that ensure the integrity of loan-related accounting activities, while safeguarding the company's financial assets.
• Liaise with the Treasury and Operations teams to ensure proper management of loan-related cash activities, including repayments and funding requirements.
• Assists in month-end financial close.
• Lead initiatives to improve accounting processes and workflows, focusing on increasing efficiency, reducing errors, and streamlining loan accounting operations. Foster a collaborative work environment, encouraging continuous improvement and development of team members.
• Performs other duties and projects as assigned.

Requirements:

• Bachelor's Degree preferred and a minimum of five (5) + years' experience working in a similar field.
• Experience in the Mortgage industry highly preferred.
• Minimum three (3) + years of management experience preferred.
• This role requires a hybrid schedule based out of Irvine, CA.

Why work for loanDepot:

• Aggressive compensation package based on experience and skill set.
• Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
• Work with other passionate, purposeful, and customer-centric people.
• Extensive internal growth and professional development opportunities including tuition reimbursement.
• Comprehensive benefits package including Medical/Dental/Vision.
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions.

About loanDepot: loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.

Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $108,000 and $148,500. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.

We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.