The Investor Accounting Specialist is responsible for meeting investor reporting and remitting requirements as well as internal and external audit requests. The Investor Accounting Specialist works with the requirements of the three major investors (Fannie Mae, Ginnie Mae, and Freddie Mac) and various miscellaneous and private investors, while providing a high level of service to all internal and external customers and investors.
What you will do:
Responsible for accurate and timely reporting and remittance to investors. Number of investors and type of investors may change periodically. This includes assigning investor numbers, setting up headers, preparing appropriate investor reports, reconciling investor cutoff clearing exceptions, and wiring, depositing, or mailing remittance funds to investors.
Responsible for accurate and timely reporting and remittance to investors. Number of investors and type of investors may change periodically. This includes assigning investor numbers, setting up headers, preparing appropriate investor reports, reconciling investor cutoff clearing exceptions, and wiring, depositing, or mailing remittance funds to investors.
Complete corporate and custodial bank account reconciliations each month. Include documentation to support differences, reconciling items and adjustments in addition to pre-escheatment processes for stale dated checks.
Interpret, implement and document new procedures from ICE/BKFS, regulatory agencies or investors.
Know and be able to perform functions relating to repurchases, buyouts, interest credits, investor changes, set up and deletion of bank accounts, annual statements and financials, as well as general day-to-day interaction with the investors, their agents or contractors for the investors.
Perform other duties as assigned.
Who you are:
High School or GED required.
3 years minimum Mortgage Loan Servicing or Investor Accounting experience, or related experience required.
Experience and familiarity with BKFS or similar Service Bureau Accounting system.
Excellent communication skills: verbal and written. Ability to compose and type professional business letters.
Excellent attention to accuracy and detail; aptitude for recognizing and resolving potential problem situations.
Strong problem solving and organizational skills.
Be able to work easily with established cut-off dates, adhere to strict deadlines and work under pressure.
Take direction well, listen, be a quick learner, ask questions, and take constructive suggestions.
ADA Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.
The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 10 pounds.
Specific vision abilities required by this job include close vision.
The noise level in the work environment is usually moderate.
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Pay Range: $23.10 - $36.63 hourly
AIP Bonus up to 5%
Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire.
Benefits package includes[1]:
Medical, prescription, dental, and vision coverage for employees and their eligible family members
Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
Health Savings Account with employer contribution
Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
401(k) and Roth 401(k) with company contribution
529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
Supplemental Health plans, Voluntary Legal and Identity Theft Services
11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)
Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.
Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.
Please view Equal Employment Opportunity Posters provided by OFCCP here.
To learn more about Mechanics Bank’s California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit
California Privacy Policy for Prospective Employees | Mechanics Bank
[1] The benefits listed in this job posting reflect the Bank’s most reasonable and genuinely expected benefits offered for this position.
Skills Required
- High School diploma or GED
- Minimum 3 years Mortgage Loan Servicing or Investor Accounting experience (or related experience)
- Experience and familiarity with BKFS or similar Service Bureau Accounting system
- Knowledge of investor reporting and remittance requirements for Fannie Mae, Ginnie Mae, Freddie Mac and private investors
- Ability to complete corporate and custodial bank account reconciliations with supporting documentation
- Excellent verbal and written communication skills, including professional business correspondence
- High attention to accuracy and detail with aptitude for recognizing and resolving problems
- Strong problem solving and organizational skills; ability to meet strict deadlines and work under pressure
- Ability to interpret, implement, and document procedures from ICE/BKFS, regulatory agencies, or investors
What We Do
HomeStreet Bank is one of the largest community banks in the Northwest, California and Hawaii. Since we began in 1921, we've stayed focused on what we believe is most important: building long-term relationships with our customers and providing ongoing support to our communities. We offer a full range of financial services including commercial banking, commercial lending, consumer banking, mortgage lending, residential construction financing, commercial real estate financing and insurance services. Our primary area of community focus is housing and homes. HomeStreet also supports organizations where our employees have an integral involvement. HomeStreet is an Equal Housing Lender and makes mortgage loans without regard to race, color, religion, national origin, sex, handicap, or familial status. Member FDIC.
