Job Opportunities in United States
November 19, 2024
Arvest Bank
Lowell
FULL TIME
Mortgage Accountant 2
Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits .
Position is hybrid and is located at 202 S Goad Springs St. Lowell, Arkansas.
Incumbent must reside within the Arvest 4 State Footprint (AR, KS, MO, OK).
Position is Monday through Friday from 8 am to 5 pm with the ability to work additional hours, including extended hours during month end and holidays (such as New Year's Day), as business needs require.
SUMMARY: The Mortgage Accountant 2 is responsible for a variety of functions including the preparation and filing of regulatory, external and internal financial reports provided to regulatory agencies and management. Duties also include the preparation of general ledger and other account reconciliations that are more complex in nature, the preparation and recording of general ledger transactions related to the purchase and sale of PMSRs (Purchased Mortgage Servicing Rights) and the coordination of the monthly closing process. The Mortgage Accountant 2 is expected to assist with training and serve as a resource to the Mortgage Accountant 1 position.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
TEAM ACCOUNTABILITIES:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
While performing the duties of this job, the associate is regularly required to stand, walk, sit, and to talk and hear. The associate must occasionally reach with hands and arms; stoop, kneel, or crouch.
The associate may occasionally be required to lift or move up to 25 pounds.
Specific vision abilities required by this job include close, distance and color vision and the ability to adjust focus.
WORK ENVIRONMENT:
The work environment characteristics described here are representative of those an associate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
Grade 14
Pay Range: $49680 - $58995 per year
Position is hybrid and is located at 202 S Goad Springs St. Lowell, Arkansas.
Incumbent must reside within the Arvest 4 State Footprint (AR, KS, MO, OK).
Position is Monday through Friday from 8 am to 5 pm with the ability to work additional hours, including extended hours during month end and holidays (such as New Year's Day), as business needs require.
SUMMARY: The Mortgage Accountant 2 is responsible for a variety of functions including the preparation and filing of regulatory, external and internal financial reports provided to regulatory agencies and management. Duties also include the preparation of general ledger and other account reconciliations that are more complex in nature, the preparation and recording of general ledger transactions related to the purchase and sale of PMSRs (Purchased Mortgage Servicing Rights) and the coordination of the monthly closing process. The Mortgage Accountant 2 is expected to assist with training and serve as a resource to the Mortgage Accountant 1 position.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Complete general ledger and other account reconciliations that are more complex in nature. Specific assignments will vary and will be determined based on the current needs of the department. These accounts will require analysis, research and the clearing of reconciling items. The reconciliations should be completed in a timely manner and according to accounting policy and/or department schedule for reconciliation completion.
- Prepare accounting entries for PMSR purchase and sale activity. Prepare reconciliations of accounts related to PMSRs/OMSRs (Originated Mortgage Servicing Rights). Work closely with the Flow Acquisition Dept. and Investor Accounting Dept. to ensure all differences are researched and resolved appropriately. Prepare monthly acquisition reports for input into MIAC/DS (Mortgage Servicing Rights valuation software) for modeling and reporting.
- Coordinate and complete the monthly closing process for Arvest/Central Mortgage Company. This includes preparing the necessary tax accrual and preparing or reviewing all closing entries. Prepare and submit journal entries as needed to make corrections after the books have closed.
- Provide assistance to the Mortgage Accountant 1’s as needed in following up on all significant reconciling items, researching and clearing errors in a timely manner of all reconciliations. Provide inputs and guidance on the completion of internal financial reports, including monthly board reports.Assist with the functions of the Mortgage Accountant 1’s as needed.
- Prepare, distribute and file regulatory financial reports and other external financial reports with appropriate regulatory agencies. Ensure that the regulatory reports are prepared in accordance with applicable regulatory guidelines and/or generally accepted accounting principles. Obtain, organize and maintain supporting documentation for the line items in management’s review of the reports with additional information and analysis as needed. Respond to questions and provide information as requested by examiners and auditors.
- Input or approve Outgoing Wire Transfer requests through the Arvest Wire program and ensure proper approval and documentation are obtained prior to submission.
- Coordinate audit requests for reports, reconciliations and documentation of accounting records.
- Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
- Support and uphold the Arvest Mission Statement.
- Uphold the Arvest Code of Ethics and ensure that confidential information is safeguarded.
- Maintain a high level of cooperation and rapport with all associates in order to ensure accurate and efficient operations and service.
- Formulate and communicate new ideas and suggestions that will improve profitability and efficiency for the company's overall operation.
- Promote professionalism at all times.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
- Bachelor’s Degree in Accounting or Finance or equivalent related experience required.
- 2 years of accounting and/or financial reporting experience required.
- Comprehensive knowledge/experience in the use of Excel or other spreadsheet software required.
- Must be able to arrive at work on time, work on site and have regular work attendance
- Must be able to work cooperatively with other co-workers regardless of personality, presence or communication style
- Must be able to provide cordial customer service regardless of customer personality, presence or communication style
- Must be able to perform several tasks at once
- Must be able to work in a stressful atmosphere
- Must be able to rotate job tasks
- Must be able to greet others cordially
- Must be able to coordinate multiple and changing priorities
- Must be able to verbally communicate with all other associates
- Must be able to operate telephone, scanner, copier and FAX machines
- Must be able to occasionally work outside of normal business hours.
- Must be able to move from department, division, or bank to department, division, or bank to attend meetings
- Must be able to operate personal computer keyboard in order to create reports, schedules and other appropriate documentation
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
While performing the duties of this job, the associate is regularly required to stand, walk, sit, and to talk and hear. The associate must occasionally reach with hands and arms; stoop, kneel, or crouch.
The associate may occasionally be required to lift or move up to 25 pounds.
Specific vision abilities required by this job include close, distance and color vision and the ability to adjust focus.
WORK ENVIRONMENT:
The work environment characteristics described here are representative of those an associate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
Grade 14
Pay Range: $49680 - $58995 per year
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