Whole Loan Accounting Expert

Whole Loan Accounting Expert
Job description & tasks:
Customer is currently developing the Residential Mortgage Whole Loan Trading initiative, under this initiative, we will purchase closed, fully funded residential mortgage loans from third-party mortgage originators, with the intent of subsequently selling the mortgages within 3 to 9 months for a profit. Experience in this Loan Products required. Tasks:
- Define the accounting classifications and regulatory capital methodologies for the Whole Loan Trading scenarios.
- Define and implement reporting requirements to facilitate the generation of the accounting. regulatory capital calculations as well as the associated reporting to regulators.
- Help to define the GL accounts/cost centers for Whole Loan Sales and Securitizations. - Identify data needs (reporting & reconciliations) all risk and operational areas.
- Getting information from Accounting System (Cumbre) and translated into Cargabal new data model.
- Help to define reporting requirements for all accounting classifications and RWA methodology scenarios, including data elements required, format and timelines.
Skills (Must have's)
- Contrasted experience in US Gaap.
- Experience in Accounting related to Mortgage Loans (Whole Loan or Warehouse Lending).
- Regulatory Capital Treatment.
- Knowledge in Accounting Business Classifications (Held to Collect, Held to Collect & Sell, Fair Value).
- Knowledge of an Accounting General Ledger System
Skills (nice to have)
- Knowledge in IFRS.
- Knowledge of Centricity System
- Loan Management System (Situs AMC Vendor).
- Experience in Price Certification.
Systems:
- Centricity.
- Cumbre.
- Asset Control.
- ION.
- Polypaths.
Location: US Remote