Job description
Position is Monday through Friday 8 am to 5 pm with ability to work additional hours as needed.
Location: 106 Parkwood. Lowell, AR.
Exempt: No
Salary Grade: Grade 13
Summary:
SUMMARY: The Mortgage Accountant 1 is an entry level accounting position responsible for updating and maintaining financial records. The incumbent analyzes financial information and uses that information to prepare accounting entries and/or reports. The Mortgage Accountant 1 provides support to management with all accounting functions.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Prepares complex accounting entries for certain daily activity from source documents (including, but not limited to check requests, wires, invoices, deposits, loan closings and sales and ACH). After proper review, entries are posted to the general ledger.
- Performs queries and/or uses the servicing platform reports to determine accounting entries to record service fees, late charges, escrow advances, repayments, foreclosure advances, modification fees, interest expense and various other income and expenses. Responsible for the calculation and entry of monthly non-cash accruals.
- Performs reconciliations of specific assigned general ledger accounts. Researches and assists in the clearing of stale-dated reconciling items on a monthly basis.
- Provide assistance to mortgage accounting management in reviewing daily cash flow position to determine cash needs as requested.
- Assist mortgage accounting management in preparing the quarterly reports for the MBS, FNMA, FHLMC, and FHA agencies.
- Inputs Outgoing Wire Transfer requests through the Arvest Wire program. Ensures proper approval and documentation prior to submission of the wire.
- Prepares monthly internal financial and other management reports utilized to monitor financial activity and provide transaction detail. Also, prepares documents for imaging process.
- Performs monthly analytical review of general ledger accounts to ensure accuracy.
- May assist with audit requests of reports, reconciliations and documentation of accounting records along with creating, maintaining and monitoring Microsoft Access databases.
- May calculate and/or review system-generated calculations for commission payments to mortgage loan officers, sales assistants, mortgage loan operations managers and others, as applicable. Actively communicates with the payroll department for adjustments and/or payments. This may also include reviewing the payout on incentive plans within mortgage.
- Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
TEAM ACCOUNTABILITIES:
- Support and uphold the Arvest Mission Statement.
- Uphold the Arvest Code of Ethics and ensure that confidential information is safeguarded.
- Maintain a high level of cooperation and rapport with all associates in order to ensure accurate and efficient operations and service.
- Formulate and communicate new ideas and suggestions that will improve profitability and efficiency for the company’s overall operation.
- Promote professionalism at all times.
Responsibilities:
QUALIFICATION REQUIREMENTS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
- Bachelor’s Degree in Accounting, Finance or equivalent related experience required.
- Comprehensive knowledge in Excel spreadsheets required.
- Proficiency in Access preferred.
OTHER SKILLS AND ABILITIES:
- Must be able to arrive at work on time, work on site and have regular work attendance
- Must be able to work cooperatively with other co-workers regardless of personality, presence or communication style
- Must be able to provide cordial customer service regardless of customer personality, presence or communication style
- Must be able to perform several tasks at once
- Must be able to work in a stressful atmosphere
- Must be able to rotate job tasks
- Must be able to occasionally work overtime
- Must be able to greet others cordially
- Must be able to coordinate multiple and changing priorities
- Must be able to verbally communicate with all other associates
- Must be able to operate telephone, scanner, copier and FAX machines
- Must be able to move from department, division, or bank to department, division or bank to attend meetings
- Must be able to operate personal computer keyboard in order to create reports, schedules and other appropriate documentation
PHYSICAL DEMANDS:
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
While performing the duties of this job, the associate is regularly required to stand, walk, sit, and to talk and hear. The associate must occasionally reach with hands and arms; stoop, kneel, or crouch.
The associate may occasionally be required to lift or move up to 25 pounds.
Specific vision abilities required by this job include close, distance and color vision and the ability to adjust focus.
WORK ENVIRONMENT:
The work environment characteristics described here are representative of those an associate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
jjbodyshop.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, jjbodyshop.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, jjbodyshop.com is the ideal place to find your next job.