Senior Loan Accountant
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Job Description
Senior Loan Accountant ensuring accuracy in loan-level transactions and reconciliations. Collaborating with Servicing team and owning escrow accounting processes.
Responsibilities:
- Monitor and proactively validate loan-level transactions within FICS for completeness and accuracy using defined QA checks, exception thresholds, and documented evidence standards.
- Partner with the Servicing team to research, resolve, and correct discrepancies by owning exceptions, remediation process, and recurrence prevention.
- Ensure servicing system activity ties back accurately to the general ledger through routine subledger-to-GL tie-outs (principal, interest, fees, escrow) and documented variance investigation/resolution.
- Own the end-to-end T&I (escrow) process including tracking, reconciliations, and exception management including shortage/surplus handling and disbursement controls.
- Develop and document clear procedures for escrow accounting and oversight.
- Reconcile escrow-related activity to the GL and investigate variances to closure, with root-cause documentation and control improvements for repeat variance drivers.
- Own and drive month-end close activities related to loan portfolios for assigned areas (escrow/T&I, servicing subledger tie-outs), including close calendar adherence, deliverable quality, and audit-ready support.
- Perform and document GAAP-related accounting analysis for loan servicing-related topics as needed, serving as a functional SME input to the Director/Controller.
- Support the director with preparation, quality control, and continuous improvement of investor reporting packages, including data integrity checks and tie-outs to source systems and the GL.
- Identify control gaps and implement process improvements as an owner: propose solutions, influence how work is done, and drive adoption across stakeholders.
- Operate independently in a remote-first environment with strong accountability by structuring day-to-day priorities, reporting progress on a regular cadence, and taking accountability for outcomes with limited supervision.
- Own recurring “escrow health” reporting (aged escrow items, pending disbursements, negative escrow, unreconciled cash) and drive action with Servicing to resolve borrower-impacting issues.
- Establish and maintain audit-ready documentation for key controls (reconciliations, approvals, exception logs, evidence retention) and support internal/external audits with minimal rework.
- Provide moderate guidance/coaching to lower-level professionals and set a standard for communication and cross-functional collaboration within the loan accounting workflow.
Requirements:
- Bachelor’s degree in Accounting or Finance preferred (may substitute with significant relevant experience).
- 5+ years of experience in loan accounting, lending operations, or servicing-related accounting with demonstrated success owning reconciliations/controls and driving process improvements.
- Experience working with loan servicing systems (FICS experience a plus) and demonstrated ability to tie servicing subledger activity to the GL with defensible support.
- Strong understanding of loan accounting concepts including principal, interest, escrow/T&I, advances, and reconciliations including end-to-end break investigation and resolution.
- Deep understanding of escrow accounting required (or demonstrably equivalent experience owning escrow/T&I processes at scale).
- Background in mortgage, chattel, or other lending environments preferred with comfort navigating investor/partner reporting expectations.
- Familiarity with GAAP principles as they relate to loan accounting
- Advanced Excel skills required.
- Strong written and verbal communication skills with ability to set the standard for cross-functional collaboration and documentation.
- Demonstrated ability to provide moderate guidance to lower-level professionals (peer coaching, review, training) without formal people management.
Benefits:
- Competitive Compensation: We offer a competitive salary with the potential for annual bonuses and variable pay, depending on your skills and experience.
- Equity for All: As a part of our commitment to shared success, all employees receive equity in the company, allowing you to share in the growth and achievements of Zippy.
- Remote Work: Enjoy the flexibility of working from home in a dynamic, remote-first environment.
- Comprehensive Health Coverage: We provide medical, dental, and vision insurance, along with company-subsidized benefits like STD, LTD, and life insurance for you and your family.
- Flexible Spending Accounts: Take advantage of medical & dependent care FSAs to help manage your expenses.
- Training & Licensing Support: We invest in your professional growth with resources for training and licensing.
- Paid Time Off: We offer generous PTO—and we encourage you to use it!
- Wellbeing Programs: Access a variety of wellbeing resources, including Headspace, Gympass+, Fetch, Spring Health, SoFi, Perkspot, Ladder, and more through our Sequoia Wellbeing Programs.
- Parental Leave: We provide paid parental leave to support you and your growing family.
- No Meeting Wednesdays: Enjoy a mid-week break from meetings to focus and recharge.
- Vibrant Slack Community: Engage with colleagues in our lively remote Slack community, featuring fun channels that connect people around shared interests like travel, pets, sports, food, and more.
- Career Growth: We believe in promoting from within, offering you opportunities to grow your career with us.
- Core Values: At the heart of everything we do are our core values: Lead with Passion, Own It, Build a Better Way, Results Driven, and The Golden Rule.
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