Staff Accountant

Position

• Staff Accountant

Department

• Accounting

Status

• Full-Time / Exempt

Reports To

• Senior Accountant / Controller

Company Overview

American Mortgage Investment Partners Management, LLC (“AMIP”) is an SEC registered investment advisor and vertically integrated operating platform specializing in distressed residential mortgages. Headquartered in Seal Beach, CA, with capital markets staff in New York City, AMIP employs 50+ mortgage and real estate professionals with the specialized investing and asset management experience to acquire, manage and remediate distressed residential whole loans throughout the United States.

With more than $1.2 billion in assets under management, AMIP manages 5 investment funds with equity capital provided by institutional investors and debt raised from major Wall Street investment banks and RMBS issuance. Since inception, AMIP has acquired more than $4.5 billion in distressed residential debt (UPB), resolved or mitigated over 16,000 individual whole loans, and raised more than $3 billion in debt through 15 securitizations under the RCO shelf.

AMIP’s charter is to produce superior risk‑adjusted returns. An underlying principle of our investment philosophy is our conviction that the preservation of homeownership is in the best interests of both homeowners and investors.

Location

• New Canaan, CT (5 days in the office)
• Travel to Seal Beach, California for initial training

Job Overview

The Staff Accountant will be responsible for accounting and financial reporting for multiple residential mortgage investment portfolios and/or corporate entities. The Staff Accountant will have full range responsibility for one or more investment funds and corporate entities. Duties will include the posting of trading, P&I, loan payoff, and securitization activity; reconciliation of general ledger and third‑party servicer accounts; reconciliation of cash accounts, assist with accounts payable, consolidation of subsidiary entities into the parent companies; preparation of financial statements; and the support of audit and tax reporting. We are seeking a hands‑on creative thinker who takes ownership of areas of responsibility and proactively pushes process development and improvement.

Responsibilities

• Full responsibility for accounting functions for assigned investment funds and/or operating companies, including:
  • Preparation of journal entries
  • Preparation and posting of daily cash transactions
  • Posting of daily servicer remittances
  • Maintenance of asset roll‑forward ledgers
  • Maintenance of subsidiary accounting ledgers
• Performs review and reconciliation of all loan system balances to the general ledger.
• Responsible for accurate and timely month‑end close duties as assigned.
• Accounting for securitizations and other asset financing facilities.
• Reconcile, analyze and review general ledger and cash accounts to ensure accuracy and validity of accounting transactions and the company’s books and records.
• Assist with the accounts payable process.
• Prepare monthly financial statements, including consolidation and preparation of footnote disclosures.
• Coordinate and resolve issues with third‑party mortgage loan servicers.
• Support to external auditors (Big 4 auditors).
• Preparation of information for external tax preparers.
• Assist the CFO and Controller with special projects as needed.
• Other ad hoc duties and responsibilities as needed.

Qualifications

• Bachelor’s degree (B.A./B.S.) in accounting or equivalent.
• Two or more years of experience or equivalent.
• Portfolio and/or investment fund accounting experience desired.
• Mortgage origination, servicing and securitization accounting experience a plus.
• Mortgage and investment taxation experience a plus.
• Working knowledge of US GAAP, especially regarding investment fund and mortgage accounting.
• Financial reporting experience – consolidation of multiple entities and the preparation of financial statements and other reports to stakeholders.
• Advanced MS‑Excel skills and proficient in other MS Office applications.
• Demonstrated ability to work with large data sets and high transaction volumes.
• Experience with Microsoft Business Central a plus.
• Working knowledge of data collection, data analysis, and evaluation.
• Strong accounting skills.
• Acute attention to detail.
• Ability to work with all levels of management.
• Commitment to excellence and high standards.
• Excellent written and verbal communication skills.
• Strong organizational, problem‑solving, and analytical skills; able to manage priorities and workflow, proactive.

Competencies

• Analytical – Synthesizes complex or diverse information; collects and researches data; uses intuition and experience to complement data; assists in designing work flows and procedures.
• Problem Solving – Identifies and resolves problems in a timely manner; gathers and analyzes information skillfully; develops alternative solutions; works well in group problem‑solving situations.
• Quality – Demonstrates accuracy and thoroughness; looks for ways to improve and promote quality; applies feedback to improve performance; monitors own work to ensure quality.
• Dependability – Follows instructions, responds to management direction; takes responsibility for own actions; keeps commitments; commits to long hours of work when necessary to reach goals; completes tasks on time or notifies appropriate person with an alternate plan.

Salary

• Salary commensurate with experience.