Intermediate Accountant - Financial Reporting

Position Title:  Intermediate Accountant - Financial Reporting (Non-LO-No Consumer Contact)

Department:  Accounting and Finance                                                     Job Status:  ­­­­­­­­­­­­­­­­­­Full Time/Salary

Reports to:  Accounting Supervisor I – Financial Reporting             Amount of Travel:  None

Vanderbilt Mortgage and Finance, Inc. (VMF) was established in 1974 and currently services over 150,000 loans. Our strength as an organization is rooted in the quality of our people and products. We are an equal opportunity employer committed to creating a diverse workforce.  Furthermore, we are financially strong, with a reputation for leading the industry with unsurpassed products, a broad range of services, and a coast-to-coast presence.  We are professionally strong, from entry level to more experienced positions, we are actively recruiting individuals who are passionate, positive, and eager to learn. As a member of our team, we will equip you for success. You will enjoy excellent benefits, opportunities for growth, and an encouraging culture that supports work-life balance.

The Intermediate Accountant – Financial Reporting role on the financial reporting team participates in detailed account analysis and financial activities. This role collaborates with the team for process enhancements, financial reporting, and other special projects. The individual works with other accounting teams to ensure accurate data is reported. The intermediate is the primary preparer for most monthly and quarterly close reporting tasks, license requests received from the licensing team, FASB research, and other duties as assigned. The position also requires involvements in financials statement preparation, financial reviews, and various quarterly presentations.

Accounting Close Period Process

• Prepares accounting files related to the monthly, quarterly, and annual close process to include but not limited to analysis reports reported to new loans, warehouse loan balances, repo, and accrued interest
• Prepares company specific and consolidated financial statements on a monthly basis
• Assists with review of financial statements reported to Corporate Accounting
• Completes Hierarchy reconciliation of general ledger accounts
• Updates reconciliations and other reports for any manual adjustments during the close process

Compliance/Policies and Procedures

• Assists with the accounting of all leases
• Monitors current leases to help ensure compliance with ASC 842 by reviewing lease agreements
• Reviews current leases for current amortization and helps set up new leases as right-of-use assets
• Assists with the preparation of the quarterly reporting requirements for the Mortgage Banker’s Financial Reporting Form and the Mortgage Call Report
• Performs various other license requests as needed
• Tracks and evaluates all related parties and prepares the quarterly related parties disclosures
• Analyzes 3rd party financial statement review requests

Continuous Improvement/Team Member Engagement

• Prepares quarterly research interpreting various regulations or FASB standards pertaining to Company activity and provide recommendations to senior management
• Researches regulations for the reporting of activity to states, governmental agencies, or investors to help ensure compliance
• Participates in monthly team training and quarterly job shadows to further knowledge of Company
• Collaborates with team to provide process improvements, modernize files, auditing of current files to ensure accuracy and other special projects as they arise

Financial Statement Preparation and Audit

• Assists with financial statement preparation including compiling workpapers, financial statements, and disclosures for annual Vanderbilt standalone financial statement review
• Assists with yearly audit requests by 3rd party auditor
• Assists with the research of equity and net worth requirements and forecasting following month net worth projections

Other duties as assigned

This job description is not an exhaustive list of all the functions that a team member and other duties may be assigned.

QUALIFICATIONS:

• College degree or advanced degree required in accounting or finance.
• Two to Four years’ experience in accounting related field.
• Knowledge of Generally Accepted Accounting Principles (GAAP)
• Experience with Microsoft Office, specifically Excel.
• Querying Knowledge.
• Effective Communication Skills.
• Attention to Detail
• Organization and Analytical Skills.
• Ability to work in a team environment.
• Motivated and self-starter.
• Quality minded.
• Willing to learn, hard-working, determined, and assertive.

PHYSICAL DEMANDS:

• Must be able to remain in a stationary position 75% of the time.
• Ability to operate a computer and other office productivity machinery, such as a telephone, calculator, copy machine, and computer printer.
• Must be comfortable with various forms of communication including but not limited to email, Teams, Zoom, and over the phone.
• Must be able to exchange accurate information at all times.
• Will work in a state-of-the-art indoor temperature controlled, sealed window office environment.

BENEFITS:

• Medical and Dental Plan with Prescription Coverage and Vision
• Competitive benefits including 401(K) includes 100% company match of the first 4%
• Paid time off days (PTO), maternity/paternity leave, and holidays
• Community involvement including Volunteer Paid Time Off (VTO)
• Tuition Assistance for your first degree
• Enjoy coming “home” to our brand new, state-of-the-art Home Office equipped with onsite fitness facility with full gym, workout classes, volleyball and basketball courts, ping-pong, disc golf course, and onsite restaurant
• Wellness programs that focus on emotional, social, spiritual, intellectual, environmental, physical, and financial well-being
• Collaborative and energetic work environment
• Professional development and promotional opportunities
• Competitive bonus programs

• A Berkshire Hathaway Company – an integrity-based organization offering unlimited career growth
• Full-time team members have the flexibility to create their own health, dental, and vision benefits package. Vanderbilt Mortgage and Finance, Inc. provides competitive 401(k) programs, including investment options and company matching for full and part time employees after one year to help our team members achieve their financial goals. Additional benefits include paid parental leave, tuition reimbursement, Employee Assistance Programs, and more.
• Vanderbilt Mortgage and Finance Inc. is a subsidiary of Clayton of which is proud to have earned spots on the following Forbes lists: America’s Best Employers, America’s Best Employers by State, Best Employers for Diversity, Best Employers for Women.
• As part of Vanderbilt Mortgage’s commitment to Opening Doors to a Better Life, VMF is now providing paid time for Team Members to volunteer to causes that are meaningful to them through the Clayton Impact program.
• At VMF, we encourage holistic wellness with physical, nutritional, social, financial, spiritual, and occupational programs available online or in-person for team members.
• Our newly renovated Home Office campus offers an onsite restaurant, onsite fitness facility with full gym, in-person and virtual workout classes, yoga/barre studio, volleyball, and basketball courts, walking paths, and a disc golf course.

Business Unit -