Lead Accountant

About Us:

Carrington Mortgage Holdings is a holding company specializing in asset management, mortgages, and real estate services. Our businesses are integrated vertically and horizontally, encompassing all aspects of single-family residential real estate transactions in the United States. Led by a team with extensive industry experience, we are committed to delivering stability and maximizing value in any market cycle. We invite you to be part of our growing team of skilled professionals as we reshape the residential real estate landscape.

Role:

As a Lead Accountant for the Servicing Division, you will conduct essential accounting functions and analyses adhering to GAAP that involve the general ledger, balance sheet, and income statement accounts, alongside ledger reconciliations and journal entry preparations. You will ensure compliance with all company policies as well as US federal and state laws applicable to our operations. The expected pay range for this role is $36.00 - $46.00 per hour plus an annual bonus, with compensation reflecting your expertise and experience.

Key Responsibilities:

General Duties:

• Perform daily bank reconciliations and accurately record bank activities in the general ledger.
• Prepare monthly journal entries and detailed reconciliations of balance sheet accounts, including accounts receivable, prepaids, accruals, and other liabilities.
• Manage internal and external wire transfers.
• Review, analyze, and reconcile balance sheet and income statement accounts for fluctuations monthly, ensuring compliance with US GAAP.
• Assist with quarterly and annual audits.
• Maintain financial security by adhering to internal controls and established policies.
• Collaborate with other departments to resolve accounting issues.
• Perform additional tasks as assigned.

Specific Duties for the Servicing Division may include:

• Record initial recognition and adjust fair values of Mortgage Servicing Rights (MSRs).
• Conduct impairment testing and valuation analysis for MSR assets.
• Ensure accurate accounting treatment for non-recoverable advances and associated write-offs.
• Record transactions related to advance financing.
• Reconcile servicing-related revenue and expense accounts.
• Coordinate with Treasury to manage MSR financing facilities.
• Collaborate with servicing operations to validate advance balances and reimbursements.
• Monitor the recoverability of advances from investors and guarantors.

Qualifications:

• BA/BS degree in Accounting, Finance, or Business, or equivalent practical experience.
• 3-5 years of accounting/finance experience required.
• Intermediate to advanced Microsoft Excel skills; Oracle ERP accounting software experience is a plus.
• Strong interpersonal and communication skills, both written and verbal.
• Must be available to work PST zone hours. Candidates residing on the West Coast are preferred.

What We Offer:

• Comprehensive healthcare plans for you and your family, along with a discretionary 401(k) match of 50% on the first 4% you contribute.
• Access to various discounts on fitness, restaurants, and retail through our employee portal.
• Tailored training programs aimed at advancing your career.
• Employee referral bonuses for assisting in our team's growth.
• Educational reimbursement opportunities.
• Participation in community efforts through the Carrington Charitable Foundation.

Carrington is an equal opportunity employer. We consider applicants for positions based on qualifications without regard to race, color, religion, sex, gender identity, national origin, ancestry, age, marital status, sexual orientation, protected veteran status, or any legally protected category. We are committed to providing reasonable accommodations for known physical or mental limitations of qualified applicants or employees unless it imposes an undue hardship on the company.