Job description
Whole Loans SME- Contract Remote
Hourly Salary Rate (based on experience): $65+
Visa Support: No visa sponsorships supported
Skills (Must have’s)
- Contrasted experience in US Gaap
- Experience in Accounting related to Mortgage Loans (Whole Loan or Warehouse Lending )
- Regulatory Capital Treatment
- Knowledge in Accounting Business Classifications (Held to Collect, Held to Collect & Sell, Fair Value)
- Knowledge of an Accounting General Ledger System
Skills (nice to have)
- Knowledge in IFRS
- Knowledge of Centricity System - Loan Management System (Situs AMC Vendor)
- Experience in Price Certification
Systems:
- Centricity
- Cumbre
- Asset Control
- ION
- Polypaths
Job description & tasks
Santander is currently developing the Residential Mortgage Whole Loan Trading initiative, under this initiative, we will purchase closed, fully funded residential mortgage loans from third-party mortgage originators, with the intent of subsequently selling the mortgages within 3 to 9 months for a profit. So it is needed to have experience in this Loan Products.
Tasks:
- Define the accounting classifications and regulatory capital methodologies for the Whole Loan Trading scenarios
- Define and implement reporting requirements to facilitate the generation of the accounting. regulatory capital calculations as well as the associated reporting to regulators.
- Help to define the GL accounts/cost centers for Whole Loan Sales and Securitizations.
- Identify data needs (reporting & reconciliations) all risk and operational areas.
- Getting information from Accounting System (Cumbre) and translated into Cargabal new data model
- Help to define reporting requirements for all accounting classifications and RWA methodology scenarios, including data elements required, format and timelines.
Benefits:
- Top Employer 2018
- A culture that recognizes achievement and nurtures potential
- Environment that allows you to be empowered to speak up and turn big ideas into action
- Tailored benefits and incentives
- Flexible work option to support you in finding a healthy work-life balance
***NOTE: Only Citizens and Green Card candidates accpeted. Spanish speaking candidates are highly considered***
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