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PENNYMAC

Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

Job Overview

The Mortgage Banking Accounting (MBA) Manager will assist the MBA VP with monthly accounting functions, reporting and projects to enhance the close process. In this role, the MBA Manager will prepare and review monthly journal entries and reconciliations. As the MBA Manager, you will supervise team member(s), and assist the Mortgage Banking Accounting team, as necessary.

A Typical Day

+ Prepare or perform review over complex journal entries in accordance with our established schedule.

+ Act as a Prepare accurate, timely journal entries in accordance with our established schedule. primary accounting liaison for key business partners, providing financial insights and strategic guidance to support their initiatives.

+ Conduct monthly and quarterly account reconciliations to ensure accurate reporting and ledger maintenance.

+ Reconcile balance sheet accounts.

+ Perform financial analysis and variance explanations and provide insights to identify trends and recommend actions to optimize financial performance.

+ Own and execute cross-functional process improvement projects from identification to implementation, quantifying a project's impact on efficiency and accuracy.

+ Ensure compliance with US GAAP. Perform technical accounting research and update technical accounting memos and policies.

+ Coordinate and participate in internal and external audits, including preparing audit schedules, addressing audit queries, and implementing, and maintaining effective internal control systems.

+ Work closely with the Various department to ensure proper general ledger book keeping.

+ Foster collaboration within the accounting team and effectively communicate financial information to stakeholders across the organization.

+ Demonstrate proficiency in using accounting software and related systems to streamline processes, improve efficiency, and enhance reporting capabilities. Stay updated with advancements in accounting technology to adapt to changing practices.

+ Stay updated with changes in accounting regulations, standards, and industry best practices. Pursue professional development opportunities to demonstrate your commitment to enhancing your skills and knowledge.

+ Participate in (and lead, where appropriate) other projects and ad-hoc analyses, as required.

What You’ll Bring

+ 5+ years of progressive accounting experience

+ CPA certification is a plus

+ Public accounting experience is a plus

+ Financial services experience is a plus

+ Solid knowledge of US GAAP to ensure accuracy and compliance with relevant regulations and standards

+ Strong analytical, organizational, and problem-solving skills

+ Strong attention to detail and ability to execute and follow through to completion and documentation

+ Ability to learn quickly in a fast-paced environment and work effectively under time pressure while managing to tight deadlines

+ Ability to work proactively and independently and collaboratively as a team contributor

+ Strong Microsoft Excel skills required

+ Oracle ERP and EPM experience preferred

+ Experience in Mortgage-Backed Securities products such as Agency pool MBS, Agency CMOs, Agency IO, Non-Agency MBS/CMO, Private Securitizations/VIE

+ Experience in Derivatives instruments such as Futures & Options, MBS Options, Forwards commitment, Swaps, Rate Locks, and Total Return Swaps.

Why You Should Join

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:

+ Comprehensive Medical, Dental, and Vision

+ Paid Time Off Programs including vacation, holidays, illness, and parental leave

+ Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)

+ Retirement benefits, life insurance, 401k match, and tuition reimbursement

+ Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

To learn more about our benefits visit: https://pennymacnews.page.link/benefits

For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

+ Lower in range - Building skills and experience in the role

+ Mid-range - Experience and skills align with proficiency in the role

+ Higher in range - Experience and skills add value above typical requirements of the role

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.

Salary

$75,000 - $130,000

Work Model

OFFICE