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Alts Contract Finance Professional

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KORE1, a nationwide provider of staffing and recruiting solutions, has an immediate opening for Contract Finance Professional
  • Contract Position
  • Location: Newport Beach, CA or New York, NY
  • Competitive compensation
  • Investment Firm 
POSITION OVERVIEW:  
The Alts-CFP will directly work with our clients Alternative Finance team and external service providers charged with oversight for a private mortgage Real Estate Investment Trust with assets in excess of $5 billion.  The current structure is supported by a third-party administrator, outsourced accounting service provider and outsourced chief accounting officer.  
 
The Alts-CFP will be instrumental in assisting the team with supporting a growing private mortgage REIT and continuing to build and refine the financial processes and controls.  The successful Alts-CFP will have strong communication skills, be detail focused, highly organized, and have an interest in the accounting for residential RMBS, residential mortgage loans and corresponding securitizations, including revenue recognition and consolidation.     
 
Should have solid technical accounting skills/grasp GAAP concepts and be able to determine proper accounting/journal entries.     Knowledge of accounting requirement for any of the following is highly desirable: RMBS; mortgage loans; securitization and re-securitization transactions, repurchase agreements; interest rate swaps and TBAs.
 
PRIMARY RESPONSIBILITIES:
  • Work with the REIT Finance Team and review third-party service provider's investment accounting processes and outputs;
  • Review of third-party service provider's preparation of accounting and financial statements and oversee monthly general ledger maintenance, including bank reconciliations, intercompany accounts, tracking mortgage interest payments and expenses;
  • Accounting and reporting for whole loan pools (purchases, sales and securitizations) and review of the Trust Account reconciliations;
  • Assist with managing the REIT's legal entity and account structure, overseeing the formation and assignment of new accounts and legal entities; 
  • Review daily deliverables, identify and analyze significant variances with the assistance of the administrator;
    • Prepare/review daily projected cash flow/liquidity reporting; process wires;
  • Assist with the monthly and quarterly close processes:
    • Review journal entries for daily cash activity, including trades, remittances, and various other receipts and disbursements. Review daily bank reconciliations and address any custody account overdrafts;
    • Assist with the monthly structured financing waterfall process, which involves coordination among the asset and financing portfolio management team, financing counterparties, agent banks, and fund administrator; 
    • Assist with the closing of any new structured financings and the related review of financial reporting covenants;
    • Assist in the preparation of daily and monthly general ledger entries; and the review of the journal entries into the Company's GL system;
    • Assists in preparing consolidated financial statements by gathering and analyzing information from the general ledger system and from various departments;
    • Review/prepare monthly-work papers, monthly accruals and account roll-forwards;
    •  Maintain process & procedures documentation.
 

QUALIFICATION AND EXPERIENCE REQUIREMENTS: 
  • Undergrad degree in Accounting and/or Big 4 experience;
  • 4+ years' of accounting experience in financial services sector; 
  • Individual must have strong drive and demonstrate initiative;
  • Hands on experience with general ledger systems;
  • Strong Excel skills, including the ability to determine proper functions for task at hand, including:   basic functions (addition, multiplication, division) and SUMIF, IF, COUNTIF, CONCANTENATE, VLOOKUP, INDEX, HLOOKUP, XIRR, TRIM, Pivot tables, COUNTIF, (these skill will be assessed by client) and demonstration of  working knowledge of Microsoft Outlook and Word;
  • Strong attention to detail, the ability to communicate effectively and strong organizational skills are a must;
  • Must have ability to identify opportunities and make recommendations for process improvements across the business.

ABOUT KORE1
Specializing in professional and technical recruiting, KORE1 is committed to supporting top IT, Engineering, Creative, Scientific, Accounting and Finance professionals in their career paths. We build deep relationships with leading companies, connecting them to exceptional talent every day. With extensive industry expertise and unmatched opportunities, our goal is to provide a unique experience for our contractors and consultants as they prepare for their next role. We are passionate about matching the right people with the right companies.

Kore1 provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, Kore1 complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. Kore1 expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of Kore1's employees to perform their job duties may result in discipline up to and including discharge.

Salary Range:

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