Senior Loan Accountant - Mortgage Lending at Ascent Developer Solutions – Encino, California

The Role

The Senior Loan Accountant - Mortgage Lending will support the Finance and Treasury teams by overseeing loan level accounting across the portfolio, maintaining accurate UPB reporting, reconciling activity across systems, and producing monthly financial reporting. This role is responsible for maintaining financial records, analyzing results, supporting month-end close, and ensuring compliance with accounting policies in a fast paced, cross-functional environment.

The Work

Loan-Level Accounting & Portfolio Oversight

• Maintain loan accounting processes to ensure accurate, timely, and reliable loan-level data.
• Board new loans and maintain accurate data in Sage Intacct.
• Prepare and post journal entries related to loan fundings, draws, and daily remittance reports.
• Maintain the UPB Report in Sage Intacct and ensure loan-level portfolio data is accurate and current for internal reporting.
• Coordinate efforts with the Controller to ensure that all loan-level accounting is captured for all revenue items along with key expense items (direct costs).

Finance Operations

• Perform daily accounting operations, including accounts receivable, accounts payable, and general ledger maintenance. Support month-end close activities, including reconciliations and reporting.
• Reconcile bank accounts at month-end, verify deposits, and address inquiries from the bank.
• Record general accounting entries with appropriate coding and supporting documentation.
• Support the sales team in issuing expense deposit requests via Bill.com and booking receipt of expense deposits daily to Sage.

Treasury & Servicer Support

• Coordinate funding and draw wires with Treasury and process other cash movements as part of daily operations.
• Provide ongoing loan level reporting to Treasury to support warehouse line utilization and activity level reporting to Treasury to support warehouse line utilization and activity level reporting to Treasury to support warehouse line utilization and activity.
• Oversee the draw boarding process and coordinate loan-level communication with the Sub-Servicer on a daily basis.

Reporting & Analytics

• Reconcile loan-level activity across internal accounting and servicing records, investigating and resolving variances as needed.
• Calculate and prepare loan level interest accruals and disburse interest reserves by the 5th day of each month.
• Provide financial data and analysis to support the monthly Financial and Portfolio Review.
• Support AOP modeling, budget tracking, and variance analysis.
• Assist with quarterly board reporting packages as requested by management.
• Support the finance and treasury team in various functions, forecasting, and financial analysis.

Process Improvement & Controls

• Develop and document policies and procedures to strengthen internal controls.
• Create and maintain reports in Sage Intacct to support workflow and decision-making.
• Support process improvements to streamline loan accounting workflows and improve accuracy and efficiency.

Cross Department Collaboration

• Assist with audit requests and provide supporting documentation as needed.
• Work closely with Accounting, Treasury, and other internal teams to ensure complete and accurate financial data.
• Collaborate with internal teams and external partners to resolve accounting issues.

Your Skills and Experience

• Bachelor's degree in accounting holding a CPA is a plus.
• 3+ years of relevant accounting experience, preferably in the mortgage industry.
• Experience with loan level accounting, preference for experience in the private money lending industry (RTL / construction loans).
• Strong problem-solving skills with the ability to develop alternative approaches to problems.
• Advanced skills in Microsoft Excel, Word, and Outlook.
• Proficient with Expense AP management software or other ERP systems (Sage Intacct/Ramp/Bill.com experience is a plus.
• Excellent time management skills including multi-tasking and prioritization of responsibilities.
• Detail-oriented with a high degree of accuracy.
• Skilled in collaborating across a start-up environment with the ability and desire to work in a fast-paced, deadline-oriented environment.

The Pay

• Salary for this role is $120,000-$140,000 annually plus eligibility for a 20% bonus.

The Work Environment

• This role works on-site from Ascent's Encino office, Monday - Thursday (Fridays are work-from-home).
• Full-time, 40 hours per week; must be available for occasional overtime.
• Some nights and weekends required.