11 hours

Mortgage Banking Accounting Supervisor

Bank of Hawaii
Oahu, HI
  • Job Code
    158426

Mortgage Banking Accounting Supervisor-1800734
Description

Does this sound like you?
Are you ambitious?  Want to make a difference in people’s lives?  Do you thrive in an environment that leverages your abilities as a fast learner, good listener, and problem-solver?   If you love challenges, relish complexity, and have moxie, consider applying your unique talents with a Hawaii banking leader – Bank of Hawaii.  Here you can be at the forefront of whatever you do. Welcome to your tomorrow!

A day in your life as a Mortgage Banking Accounting Supervisor:
Under the direction of the Department Manager, this position is responsible for managing and overseeing accounting and financial responsibilities of the Bank’s mortgage banking line of business. This position prepares management/financial reports covering mortgage production, servicing and secondary marketing activities required for internal and external reporting. In addition, the Mortgage Banking Accounting Supervisor identifies needs, designs and develops automated processes to gain efficiencies and works with other departments on data and reporting initiatives. Assists in business unit’s compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act. 

We’ll give you these important responsibilities…
  • Supervises the daily accounting activities of the Mortgage Banking Division, including but not limited to:  ensuring accurate accounting of loan funding, ensuring timely recording and disbursement of loan proceeds to escrow companies, ensuring general ledger accounts for all cost centers within the Division are balanced and reconciled in a timely manner, ensuring any reconciling differences or discrepancies are researched and resolved within an appropriate time frame, monitoring controls to ensure that all clearing and suspense accounts are cleared and reconciled properly and on a timely basis, determining proper handling of adjustments and charge-offs, escalating accounting issues to the Department Manager and Controllers Department as necessary, communicating closely with Mortgage Banking groups regarding activities that impact the general ledger and financial reporting, managing month-end expense accruals, reviewing and approving daily and monthly journal entries for Mortgage Banking transactions and tracking and reporting incentive compensation plans.
  • Assists in ensuring the Mortgage Banking Division’s accounting activities are in accordance with Generally Accepted Accounting Principles (GAAP).  Develops documents and communicates accounting policies and procedures throughout the Division.  Responsible for technical/GAPP accounting standards as it relates to the Mortgage Banking Division; including but not limited to Statement of Financial Accounting Standard’s 65, 91,133, and 140. Reviews the monthly valuation and impairment analysis of the purchased and originated mortgage servicing rights performed by the Treasury department.  Works with the Treasury department to periodically review and update key assumptions used in the valuation model.  Works with the Secondary Marketing department to ensure that the month-end mark-to-mark valuation on the Loan Pipeline is accurate, complete, and reported timely.
  • Works with the Division Manager, section managers, Retail Credit, and other departments to identify reporting needs. Produces MIS reports for management to facilitate production and servicing analysis.  Identifies and tracks pertinent mortgage metrics, including key performance indicators needed for internal management reporting and the Quarterly Performance Report. Performs analysis to assist management in strategic business decisions.  Produces the monthly financial and mortgage loan production forecasts.  Assists the Management Reporting Analyst in research and explanation of budget variances.  Coordinates the annual budget process.
  • Monitors and updates internal controls, provides reports and schedules to internal and external auditors, establishes and monitors accounting procedures and policies and participates in regular assessments of SOX controls and End User Computing tools. Stays abreast of tax law changes, and accounting pronouncements.
  • Responsible for the management of all employees in the section including staffing and scheduling, compensation, performance management, training and development. Goal is to attract, retain and motivate the team to achieve management business objectives and maintain a favorable employee relations climate. Responsible for the timely and effective management of Human Resources forms and documents relevant to immediate staff.


Qualifications
…if you come to us with these qualifications…

Education: 
  • Bachelor’s degree with major in accounting or other business major from an accredited institution or equivalent work experience.

Experience: 
  • Minimum 6 years of experience in increasingly responsible positions in accounting or finance, with accounting and finance responsibilities or equivalent work experience.  
  • Should be extremely comfortable with generally accepted accounting principles, internal controls, finance concepts and standard reporting of all types.  
  • Must have ability to interpret a variety of financial data to prepare high quality reports.  
  • Banking, financial service industry and mortgage experience preferred.  
  • Minimum 2 years of supervisory/managerial experience. 
  • Requires a strong working knowledge of accounting principles and practices as well as a firm understanding of financial reporting standards, general ledger processing, and other relevant matters.  
  • Must be capable of reviewing general ledger accounts, reconciliations, suspense items, and other accounting related transactions to identify issues and exposures relative to financial statement impact and internal controls.

Technical Skills: 
  • Demonstrated proficiency and expertise with personal computers and Microsoft applications (Outlook, Word, Excel, Access and PowerPoint) or similar software.
  • Knowledge of or ability to use Bank software and systems. 

Other Job Qualifications:  
  • Requires strong written and verbal communication skills to conduct formal and informal meetings.  
  • Must have excellent problem solving skills and be able to develop effective solutions that consider efficiency, internal controls, and impact to financial results.  
  • Requires the ability to exercise sound judgment.  
  • Requires a strong working knowledge of accounting principles and practices, as well as a firm understanding of general ledger processing, and other relevant matters. 
  • Must be capable of reviewing general ledger accounts, reconciliations, suspense items, and other accounting-related transactions to identify issues and exposures relative to financial statement impact and internal controls.  
  • Able to work flexible hours including weekends and evenings as needed or assigned.   

Bank of Hawaii
In 1897, Bank of Hawaii was the first chartered and incorporated bank in the Republic of Hawaii. We’ve been here from territorial days, growing and changing with Hawaii. Today, we are the largest independent bank in Hawaii – a result of knowing our business and community, and always staying ahead of change.  We are constantly finding creative ways to deliver leading edge financial services to our customers.  Now, we’re embracing change with our new 21st century banking. 

It’s our people who help us succeed in offering first class service and products to our customers.  As a member of the Bank of Hawaii community, you will be among the very best in your profession in an environment that places a high value on integrity, innovation and teamwork.  People who are agile, savvy, forward-thinking and entrepreneurial can learn and grow with us.

All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of any legally protected classification including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or protected veteran status.  Bank of Hawaii takes affirmative action in support of its policy to advance in employment legally recognized individuals including minorities, women, protected veterans and individuals with disabilities.

Job Function Accounting/Finance
Primary Location Hawaii-Oahu
Schedule Full-time
Job Posting Sep 7, 2018, 1:33:47 PM
Unposting Date Ongoing

Categories

Posted: 2018-10-21 Expires: 2018-11-20
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Mortgage Banking Accounting Supervisor

Bank of Hawaii
Oahu, HI

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