SENIOR ACCOUNTANT (INVESTOR)

MORTGAGE ACCOUNTING DEPT.

Our Company

At FirstBank PR, we strive to be a trusted advisor to our clients and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client’s expectations.

Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.

A Brief Overview

The Senior Accountant (INVESTOR) provides support to the Accounting Units , including more complex accounting matters. Also assists the Manager/Accounting Officer in the review of certain daily work prepared by other Accountants, including journal entries, account reconciliations, monthly remittances and certain month end analysis guaranteeing the efficiency in the process. The Senior Accountant also interacts with and provides support on external audit requirements and provides support to the business area.

What You’ll Need to Succeed

General

· Perform accounting functions as assigned, overseeing the complete accounting process and financial statements for the specific unit responsibilities.

· Manage month-end, quarter end and year-end closing.

· Support and assist the department supervisor and/or manager assuring the completeness & accuracy of task performed by other members of the unit.

· Analyzes and performs accounting entries (JE). Applies judgment and understanding to identify and correct possible exceptions. Monitors, revises, and authorizes other accountants’ daily transactions assure that the information is complete and fully supported.

· Prepares monthly reconciliation on multiple GL accounts and reviews monthly reconciliations of other accountants. Research discrepancies and provides guidance to other accountants in the preparation of adjusting transactions necessary to make corrections. Assists other accountants in the analysis and disposition of reconciling items.

· Explains Balance Sheet variances on a monthly basis in order to assure reasonability of accounting results. Participate in the evaluation of other accountant’s explanation.

· Actively participates in the audit process for the department area, having direct interaction with the auditors.

· Assists other accountants in their daily responsibilities to ensure accuracy and completeness. Provide research and problem solving support for departmental personnel.

· Analyzes and approves accounting entries and transactions.

· Serve as liaison with the supervisor/manager and operating areas.

· Assists in the preparation of quarterly disclosures for regulatory filings.

· Conform with and abide by all regulatory guidance and internal policies and procedures.

· Document procedures and workflow for assigned areas of responsibility.

· Contribute to the department and organization special projects as assigned.

· Maintains current knowledge of applicable governmental regulations, professional standards and organizational policies.

Loan Accounting

· On a daily basis reconciles loan portfolios, identifies and correct any differences, and analyses loan transactions. Applies judgment to the portfolio performance to identify and correct possible exceptions.

· Prepares monthly analysis of income accounts. Applies judgment and understanding to identify and correct possible exceptions

· Assists the business areas and operational areas in understanding the accounting implications of transactions executed and its most appropriate treatment on the different loan applications

Investor Reporting

· Reconcile, report and remitted various investors of single family residential mortgages (SFO) including private label securitizations, Fannie Mae (FNMA), Freddie Mac (FHLMC) and/or Ginnie Mae (GNMA).

· Transfer and Sale loans to the private investor. Reporting and remitting, special remittance, pay-off', repurchases, defaulted loans including loss mitigation such as short pay-off', loans modifications, foreclosures, REO, third-party Sale and other.

· Developing and enhancing of operational procedures utilizing the Black Knight MSP, FNMA single family servicing, Freddie Mac Access Manager, Ginnie Mae Enterprise Portal (GMEP).

· Analyze reconciliation portfolio and cash custodian and prepare required Special Forms for the investor FNMA, Freddie Mac and GNMA.

· Handling daily operational processes to ensure timely reporting, remitting and compliance in accordance with investor servicing guidelines, agreements and benchmarks which measure performance. First line of contact when there are any differences, discrepancies or changes in the procedures as required by the investors.

Operational Accounting

· Provides Oracle’s functional support to other employees, including its business unit and other units within the Corporation and provides training as deemed necessary

· Is responsible for the creation of reports in Oracle required for its business unit and also for other business areas

· Maintains the Oracle Chart of Account, ensuring the creation of new accounts and combinations are appropriate according to the Corporations accounting and financial reporting policy

· Has functional and, up to certain extent, technical expertise on the General Ledger module within the Oracle application

· Ensures that non-posted transactions as well as out of balances are corrected on a daily basis. Provides support to other bank personnel, as applicable, in the execution of this task.

Other Responsibilities

· Works on special projects/assignments as requested by management.

· Provides backup during vacations and other personnel leaves.

Competencies

The competencies detailed below are the behaviors to be exhibited by the incumbent while performing his/her duties as relates to our corporate values, culture, and philosophy.

· Customer service

· Responds promptly to customer needs

· Responds to requests for service and assistance

· Team Work

· Balances team and individual responsibilities

· Contributes to building a positive team spirit

· Puts success of team above own interests

· Ethics

· Treats people with respect

· Keeps commitments

· Inspires the trust of others

· Works with integrity and ethically

· Upholds organizational values

· Organizational Support

· Follows policies and procedures

· Completes administrative tasks correctly and on time

· Attendance/Punctuality

· Is consistently at work and on time

· Ensures work responsibilities are covered when absent

· Initiative

· Volunteers readily

· Asks for and offers help when needed

· Seeks increased responsibilities

· Undertakes self-development activities

· Quality

· Demonstrates accuracy and thoroughness

· Looks for ways to improve and promote quality

What You’ll Need

· A bachelor’s degree in accounting or finance is required for this job.

· The incumbent must have at least three (3) years or more accounting related experience, preferably in the banking industry. An equivalent combination of academic curriculum and years of experience could be considered for the job.

· Thorough understanding of general accepted accounting principles (GAAP) including solid knowledge of bookkeeping principles, laws and regulation.

· Must be computer proficient in MS Office applications (Excel, Word).

· The ability to work under pressure and with minimal supervision is also required.

· Must be able to effectively handle multiple projects simultaneously in a deadline-oriented environment.

· Fully bilingual

· Preferably knowledge in mortgage servicing loans and investor reporting area.

First Bank Puerto Rico is a proud to be an Equal Employment Opportunity Employer and takes affirmative action to employ Women, Protected Veterans, People with Disabilities and Minorities regardless of gender identity, sexual orientation, and any other legally protected status.