Pensam is one of the country’s largest private real estate investors and capital providers specializing in the vibrant u.s. multihousing sector. Founded in 2009 by a team of seasoned real estate professionals, the company meets the country’s needs for alternative flexible capital. Pensam has invested in over 60,600 units spanning across 228 communities and 30 states, both in primary and secondary markets. As an integrated firm, the company is also uniquely positioned to leverage the synergies of its three service lines – equity, debt and development.
loan servicing accountant/accounts payable
the loan servicing accountant is responsible for managing and maintaining the financial records and reporting related to loan portfolios. This role entails recording transactions, reconciling accounts, preparing payables, creating financial statements, maintaining interest schedules, preparing loan statements and collaborating with other departments to maintain accurate and efficient loan servicing. The loan servicing accountant plays a vital role in supporting the financial health and operational efficiency of the organization.
key responsibilities:
loan accounting and reporting:
* create debt schedules using excel templates and a summary of loan terms.
* maintain and reconcile debt schedules.
* prepare and analyze monthly, quarterly, and annual financial reports.
* monitor loan transactions and ensure accurate accounting treatment.
payment processing:
* record loan payments, disbursements, and adjustments.
* ensure timely application of payments to principal, interest, fees, and escrow.
* resolve discrepancies related to loan payment processing.
compliance and auditing:
* ensure compliance with internal policies, accounting standards, and regulatory requirements.
* assist in audits by providing requested documentation and explanations.
* monitor and report on delinquencies, modifications, and other risk factors.
reconciliations:
* reconcile loan balances, interest income, and escrow/reserve accounts.
* investigate and resolve variances or discrepancies.
80-85% of the position will be for the loan servicing function as described above. The remaining 15-20% would be assisting in managing accounts payable function, specifically:
* processing invoices through accounts payable.
* reviewing vendor invoices, reconciling to contract/budget, obtaining pre-requisite documentation to payment (i.e. lien waivers).
* managing communications with 3rd party vendors as related to payables.
* monitoring capital expenditures relative to budget.
* reconcile and allocation of travel expenses and credit card expense.
qualifications and skills:
* bachelor’s degree in accounting, finance, or a related field.
* 2-5 years of accounting experience, preferably in loan servicing or financial services.
* proficiency in quickbooks.
* understanding of gaap (generally accepted accounting principles).
* advanced excel skills (e.g., index match, xlookup, macros, etc).
* strong analytical and problem-solving skills.
* attention to detail and high accuracy.
* english proficiency (c1 or above).
* collaborating well with others.
* strong commitment to deadlines.
seniority level
* associate
employment type
* contract
job function
* finance, accounting/auditing, and general business
industries
* outsourcing and offshoring consulting
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