Junior Accountant

Job Description

Staff Accountant | AD Mortgage

The Tone:
This is a full-time, office-based role at AD Mortgage, located in our modern and cozy Fort Lauderdale HQ. AD Mortgage is a recognized top 5 U.S. wholesale and Non-QM lender, with a substantial 20-year presence in the industry, offering a full range of loan programs including DSCR, Bank Statement, FHA, and Conventional loans. This Staff Accountant position is an excellent opportunity for an accounting professional looking to build their career within the intricate and evolving mortgage servicing industry. The role provides extensive hands-on experience in critical financial operations such as meticulous cash management, comprehensive bank and cash reconciliations, and precise payment processing, directly contributing to the accuracy, efficiency, and compliance of the company’s financial records.

The TL;DR
• Role: Early Career Accountant
• Type: Full-time (Monday to Friday, 9:00 AM to 6:00 PM)
• Location: In-person at Fort Lauderdale HQ, Florida (Miami-Fort Lauderdale Area)

• Team: Finance team, working collaboratively to support mortgage servicing operations.
• Mission: To ensure the precise management of daily servicing accounting activities, including cash flow, payment processing, and financial record accuracy, crucial for the company’s mortgage operations and regulatory adherence.
• Tech Stack: Microsoft Excel

What You’ll Actually Do
• Servicing Accounting Management: Manage daily servicing accounting activities, encompassing detailed payment research, executing necessary corrections, and ensuring accurate cash application across various borrower accounts and transactions.
• Payment Transaction Processing: Accurately process a diverse range of payment transactions, specifically handling returned ACH transactions, processing incoming and outgoing checks, issuing borrower refunds, and meticulously managing all escrow disbursements.
• Wire Transaction Oversight: Initiate and diligently monitor all borrower-related wire transactions, maintaining a close watch for issues and actively following up on any NSF (Non-Sufficient Funds) or rejected payments to facilitate prompt resolution.
• Comprehensive Reconciliation: Perform thorough and timely bank and cash reconciliations, a critical activity that involves identifying, investigating, and diligently resolving any discrepancies or variances to maintain financial integrity.
• Financial & Audit Support: Provide essential support for investor remittance accounting processes, assist with various internal and external audit requests by preparing documentation, and ensure the meticulous maintenance of accurate and complete financial records for robust reporting and compliance.

The Must-Haves
• Background: This role is designed for an Entry-Level accounting professional. Candidates must possess a strong foundational understanding of core accounting principles and standard financial reporting practices.
• Experience: Requires a minimum of 1 year of practical, hands-on accounting experience. Essential experience includes performing account reconciliations and managing various cash management activities within a professional setting.
• Skills: Demonstrated excellent analytical capabilities for evaluating complex financial data, strong problem-solving skills to effectively address and resolve discrepancies, and meticulous attention to detail to ensure the highest level of accuracy in all financial tasks. Proficiency in Microsoft Excel is also required for data manipulation, analysis, and reporting.
• Bonus: A Bachelor’s degree in Accounting, Finance, or a closely related field is strongly preferred for candidates applying for this position.