Accounting Analyst

Title : Accounting Consultant or Sr Accounting Analyst or Sr Accountant
Employment Type: Contract

Location: San Francisco USA

Status: Accepting Candidates

Number of positions:1

Description:

We have a new role with our Accounting/Controller Team. We would like to bring in a new contractor for leave coverage, and the ideal candidate will be from a Banking / Mortgage Finance / Capital Markets Accounting background with hands-on accounting experience.

Job title: Accounting Consultant or Sr Accounting Analyst or Sr Accountant

Must haves: Account Reconciliations, Variance Analysis, Workday financials or similar software

Nice to haves: Hedge Accounting, Loan Accounting

Years of Experience: 3-5 years of relevant experience

Duration: 6 Months

Work Mode: Hybrid (Tue/Wed/Thurs)

Reason for Opening: Leave Coverage

Extensions: TBD

Interview Process: 2 or 3 rounds

Interview Mode: Virtual or Onsite

Job Description:

• Perform accounting support activities related to designated hedge accounting processes, including preparation of supporting schedules, account reconciliations, journal entry support, and documentation of accounting workflows, as assigned during periods of resource coverage.

• Validate MPF loan commitments, funding activity, principal and interest remittances, credit enhancement fees, and related accounting transactions by comparing source system reports to accounting records and investigating identified discrepancies.

• Prepare and post journal entries for income, expenses, premium and discount amortization/accretion, fair value adjustments, hedge accounting, nonperforming loans, loan loss reserves, charge-offs, and REO accounting.

• Execute monthly FAS 91/FAS 149 processing and support accounting for loans, MBS, and investment portfolios.

• Perform account reconciliations, period-over-period variance analyses, and investigation of accounting and reporting discrepancies, including documenting explanations for material fluctuations.

• Reconcile and certify general ledger accounts in Workday Financials and ensure the completeness and accuracy of accounting records.

• Execute assigned accounting procedures in accordance with documented internal controls and maintain supporting documentation required for management review and audit testing

• Perform hedge inception testing on all new trades, ensuring trades meet the requirement of Bank policies and ASC 815. Perform weekly hedge effectiveness testing and document any failures in accordance with Bank policies and procedures.