Manager Mortgage Financial & Investor Reporting

Overview

To plan, direct and manage the multi-function operations of the Mortgage Financial and Investor Reporting branch in support of mortgage loans, home equity lines of credit, and business loans. Manage investor reporting activities, relationships with the organization's agency (Government Sponsored Entities - GSEs) and private investor base. Ensure compliance with local, state, and Federal laws and regulations. Manage and account for investor funds and related reporting, reconciliation, and remittances for secondary market mortgage sales. Manage the reconciliation and reporting process for mortgage-related general ledger and subsidiary ledger accounts in accordance with Generally Acceptable Accounting Principles (GAAP). Evaluate and adjust branch work quality, staff performance, systems, processes and procedures to meet goals. Serve as subject matter expert regarding branch functions, systems, policies and/or procedures. Manage daily activities of professional employees and/or supervisors. Support executive management in developing and executing strategic plans. Act as AVP/VP in the incumbent's absence.

• Develop branch strategy, establish priorities and set goals; evaluate and implement standards to ensure alignment with department/organizational objectives
• Manage and direct operations to ensure targets, service level agreements and corporate objectives are met
• Manage investor funds by controlling and approving disbursements, maintaining records of financial position, and reviewing related financial documentation provided to investors
• Serve as point of contact for responding to escalated inquiries from staff and management
• Contribute to a culture of collaboration by actively working across business lines, communicating knowledge and business processes to other business units
• Anticipate internal and/or external business challenges including regulatory; recommend process, product or service enhancements
• Review investor contracts and determine reporting and remitting requirements
• Collaborate with investors to clarify contract details and coordinate/initiate servicing requirement updates
• Collaborate with investors' representatives to resolve problems, prevent financial penalties, and maintain Navy Federal's high quality investor rankings
• Oversee the verification of receipt and amount of funds with internal business partners, and resolves discrepancies by authorizing write off and/or negotiating with investor representatives
• Manage the review and approval of account reconciliation for investors' Taxes and Insurance ("T&I") custodial Demand Deposit Accounts (DDA)
• Review preparation of bank reconciliation reports and schedules in accordance with investor guidelines
• Approve reporting packages prepared for investors
• Manage functions related to reconciling all servicing general ledgers, servicing invoices at the loan level, application fees, corporate advances, VA funding fees, bad checks, negative CDVs, aging suspense accounts and cash
• Oversee processes to ensure reconciling items are correct, supported by proper documentation, and are cleared in a timely manner
• Identify source of errors/discrepancies; research and analyzes data for errors/discrepancies above specific thresholds, document reconciliation issues for resolution/corrective action
• Establish qualitative and quantitative measures to meet compliance goals and expectations
• Analyze workflow, procedures and practices; make recommendations/implement corrective action to improve quality and/or efficiency
• Collaborate with Finance, REL Finance and Mortgage production staff to research, analyze and resolve account related discrepancies
• Ensure resolution of a range of escalated discrepancies and appropriate response to inquiries through collaboration with various internal contacts across the organization
• Analyze, develop, document, and monitor accounting systems and procedures for account reconciliations to ensure compliance with generally accepted accounting principles (GAAP) and regulatory accounting principles (RAP)
• Ensure operations meet Automated Clearing House (ACH) rules and regulations, investor guidelines, state and federal regulations and Navy Federal policies and procedures
• Perform supervisory/managerial responsibilities
  • Ensure adequate/skilled staffing; select employees
  • Establish performance goals and priorities
  • Prepare, conduct and review performance appraisals
  • Develop, mentor and counsel staff
  • Provide input and/or prepare budget requirements for Annual Financial Plan (AFP)
  • Ensure section/branch goals and objectives align with division/department strategy
  • Ensure efficiency of operations
  • Leadership Level - Supervise daily activities
• Perform other duties as assigned

• Advanced knowledge of applicable federal and state laws, rules and regulations
• Advanced knowledge of financial industry trends, lending practices, products and services, technology, and regulations
• Extensive experience in supervising and leading employees
• Extensive progressively responsible experience leading and managing a multi-function mortgage/equity loan account servicing, investor reporting or mortgage financial operation, preferably in a large financial institution
• Extensive experience managing multiple priorities independently and/or in a team environment to achieve goals
• Significant experience in working with mortgage servicing platforms
• Advanced knowledge of data querying, reporting, forecasting, analysis and operations research, including statistical methods and modeling
• Expert skill in project management to include establishing and leading project teams; managing timelines/deadlines/resources; ensuring successful project implementation
• Expert skill to influence, negotiate and persuade to reach agreeable exchange and positive outcomes
• Expert skill presenting findings, conclusions, alternatives and information clearly and concisely
• Expert skill interacting with staff, management, vendors and members diplomatically and tactfully
• Expert skill interpreting and applying applicable federal and state laws, rules and regulations
• Expert analytical thinking skills to include summarizing information and clearly identifying key elements, patterns, results or relationships
• Expert skill identifying and analyzing business requirements and recommending solutions
• Expert skill maintaining composure in a high production and changing environment
• Expert skill exercising initiative and using good judgment to make sound decisions
• Expert skill in producing desired results and achieving goals and objectives
• Expert research, analytical, and problem solving skills
• Expert organizational, planning and time management skills
• Expert verbal and written communication skills
• Advanced database, word processing, spreadsheet, and presentation software skills
• Bachelor's degree in Finance, Business Administration, or related field, or an equivalent combination of education, training, and experience

• Knowledge of REG AB I and II as they apply to Loan Securitization
• Working knowledge of Navy Federal member service related systems e.g., UAD, CICS, TSYS, ARP/SMS
• Extensive experience leading large projects/initiatives which have business risk and impact
• Advanced knowledge of NFCU policies, procedures, products, and services
• Certified Public Accountant designation
• Effective skill working with financial accounting systems used in the management and analysis of financial reporting
• Master's degree in Finance, Business Administration