Senior Subservicing Oversight Accountant

Bayview Fund Management, LLC • Horsham, PA, United States • $200k - $250k / year • 4m ago

Overview

The Senior Subservicing Oversight Accountant with Lakeview Loan Servicing will be responsible for compiling loan-level details for their assigned Subserviced Loan Portfolio, ensuring timely and accurate GL accounting for charges and credits billed through monthly subservicing invoices. This includes analyzing subservicing charges to identify potential billing errors and documenting large income/expense variances month-over-month. The role works closely with the AVP of Oversight & Cash Reconciliation to ensure all items, including advances, are billed accurately and in line with Servicing Agreements and agency servicer guides. This position offers a salary range of $75,000 to $90,000 plus an annual bonus. It is fully remote, but if you live near the Horsham, PA office, a hybrid schedule will be required. We also offer medical benefits starting on day one.

Responsibilities

Record subservicing invoices to the general ledger in a timely and accurate manner.
Identify any setween the Sub-servicing client agreement and actual invoice received.
Valiervicing gaps bdate & track all billing discrepancies through direct communication with the various sub servicer billing and/or client relations teams.
Prepare Loan Level Accounting of life of loan events, including servicer acquisitions and sales.
Monitor and raise issues in monthly invoice status meetings, escalating if necessary.
Communicate deficiencies to senior leadership as needed.
Contribute to preparation of monthly financial reporting, including commentary for large drivers in P&L and supporting documentation for discrepancies.
Identify issues and reconcile assigned GL accounts to loan level subledgers.
Perform detailed review of corporate, escrow, and third-party advances:
Coordinate with Oversight Teams to identify all recoverable and non-recoverable losses by Investor and Insurer at state level
Create and maintain reporting by Investor and Loan Type (FHA, VA, USDA, CONV) of all losses at a loan level and ownership of loss (i.e. servicer, sub servicer, insurer, investor, prior servicer, seller)
Monitor liquidation and modification claim filing details to ensure they are filed timely and accurately.
Analyze loss reserves to ensure all accounting entries agree to the external reporting received from the subservicers for liquidated loans.
Participate in implementation and testing related to automation of accounting deliverables using sub servicer data.
Maintain desktop procedures to ensure all relevant changes are adhered to, as contracts and procedures change on a regular basis.
Completion of annual mandatory compliance training.

Qualifications

Proficient in the following MS Office Suite: Excel, Access, Word, Power Point
Strong sense of urgency with solving problems, meeting challenging deadlines and achieving critical goals
The ability to work well in a collaborative team environment.
Working knowledge of mortgage products
Able to effectively and professionally communicate with others verbally and in writing.
General Ledger and Accounting Background required.
Working knowledge of Mortgage Products
Ability to write and/or execute SQL code a plus
Experience with PowerBI a plus

Lakeview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.

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