Mortgage Bank Accounting Manager

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 home ownership through the complete mortgage journey.

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.

• Prepare or perform review over complex journal entries in accordance with our established schedule.
• Act as a 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 various departments to ensure proper general ledger bookkeeping.
• 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.

• 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 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.

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…