Position Summary
The Senior Accountant- Lending and Fund Operations is a key accounting role responsible for executing daily fund accounting operations, performing monthly financial close activities, and supporting internal and external financial reporting. This position acts as a liaison between the servicing company and the fund, ensuring clear communication and consistent data accuracy. The ideal candidate has extensive experience in lending and fund accounting within a dynamic, fast-paced environment and is comfortable managing evolving financial processes and compliance standards.
Key Responsibilities
Accounting & Reporting
- Prepare monthly financial statements for FGMS, including Income Statement, Balance Sheet, and Cash Flow.
- Perform monthly accruals of interest income, interest expense, fees, and premium amortization.
- Maintain and reconcile the CECL (Current Expected Credit Losses) file monthly.
- Perform monthly reconciliations of sub-ledger and third-party loan servicing data to the general ledger.
Cash & Transaction Management
- Monitor and manage daily cash balances and approve wires and ACH disbursements.
- Reconcile FGMS bank accounts and weekly deposit transfers from the servicer.
- Record corporate debt activity (borrowings, draws, interest).
REO Accounting
- Reconcile REO (Real Estate Owned) settlement statements and record associated income, costs, and expenses.
- Prepare and maintain monthly REO reconciliation files.
Audit & Compliance
- Lead third-party and lender audit processes and prepare audit deliverables.
- Ensure compliance with company policies, internal controls, GAAP, and regulatory requirements.
Collaboration & Supervision
- Communicate closely with the Director of Investor Relations and Fund Accountant I.
- May supervise junior accountants as assigned.
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