Senior Accountant - Housing Trust at Another Source in San Jose, California

Job Description:

Another Source's client, Housing Trust Silicon Valley, is recruiting a Senior Accountant to join their team in their San Jose office, or their future satellite office in East Bay. This role works a hybrid schedule of on-site 3 days and remote 2 days per week for first 90 days, and then shifts to a schedule of on-site 2 days and remote 2 days per week following.  

Internally this will be titled as Senior Loan Servicing Accountant.  

About Housing Trust:  

Housing Trust is looking for exceptional people who believe that safe, stable affordable housing opens the door to better living for everyone. We embrace diversity. We nurture it and we thrive on it because it benefits our organization, our partners, and our community. We are seeking a mission and results driven individual for an amazing opportunity to join a highly respected organization. 

MISSION AND HISTORY:  

Housing Trust is leading the effort to create a strong affordable housing market in the greater Bay Area as one of the region’s highest-volume nonprofit housing lenders. Serving people experiencing homelessness to renters to first-time homebuyers, we assist a wide range of residents with programs across the entire spectrum of housing issues. Since 2000, Housing Trust has cumulatively invested $615 million – creating over 27,200 affordable housing opportunities serving over 50,900 of our neighbors. Housing Trust has led the way in engaging local corporations and foundations in investing hundreds of millions of dollars to work with us to bring more solutions to the market all while experiencing several years of high growth in our lending business. 

Housing Trust aspires to be a diverse and inclusive organization. We are committed to recruiting, retaining, and promoting diversity in our workforce and leadership to reflect the communities we serve. We believe differences in lived-experiences, cultural backgrounds, and diversity of thought are our strongest assets and contribute to our success. 

Salary:  

Housing Trust offers a competitive compensation package, including a bonus plan and benefits. This is an exempt, full-time position. The salary range for this position is $90K - $115K, depending on experience level.    

Benefits Overview:  

• Medical, Dental and Vision benefits fully covered for employees. Eligible dependents covered at 50%.  

• 401K employer contribution at 3% and additional match up to 2%.   

• 3 weeks of paid vacation  

• Commuter Benefits including 100% paid parking  

• 12 paid sick days  

• Paid year-end shutdown  

• End of year bonus  

• Tuition reimbursement program and more...  

POSITION OVERVIEW 

The Loan Servicing Accountant plays a crucial role in managing the loans receivable database for Housing Trust and other off-balance sheet loans. This position involves onboarding new loans, processing payments, advances, pay-offs, and all related loan servicing transactions. The accountant will also contribute to general accounting and reporting functions while collaborating with Asset Management, Loan Administrators, and the Finance Department to ensure timely resolution of issues. 

Functional Responsibilities 

• Review and analyze loan agreements and promissory notes for new loans prior to funding and onboarding. 

• Initiate workflows for funding loans, ensuring accurate entry, and onboarding of all new loans in the servicing system. 

• Monitor and maintain cash receipts related to loans receivable across two loan servicing databases. 

• Execute transactions for both new and existing loans, accurately calculating interest and fees. 

• Process and document all loan advances, refund requests, and payoff demands, collaborating closely with Loan Admin and Asset Management teams. 

• Enter and verify modifications, conversions, extensions, and other changes within the loan servicing system. 

• Collaborate with Finance Department, Asset Management, and Loan Admin to resolve outstanding issues efficiently. 

• Prepare journal entry files for seamless upload to the accounting system. 

• Work proactively with the Accounting Department to identify and rectify discrepancies between systems. 

• Complete monthly closing entries for partner loan funds, update fee schedules, and collaborate with Fund Manager to generate financial statements. 

Reporting Responsibilities 

• Prepare and distribute comprehensive reports to external loan pool participants and internal departments as required. 

• Generate borrower billing statements and audit confirmations, along with necessary audit schedules. 

• Create forms such as payoff statements and loan maturity notices for the Loan Admin team upon request. 

• Review and approve delinquency/payment status reports prepared by the Credit Risk Assistant. 

• Assist in developing periodic reports for Asset Management to support decision-making. 

Systems and Other Responsibilities 

• Support the Controller and internal partners in troubleshooting the loan servicing system and generating customized reports. 

• Collaborate with the Controller on identifying system efficiencies and enhancements, updating desk procedures accordingly. 

• Train and mentor colleagues on loan servicing processes to foster a knowledgeable team environment. 

• Prepare periodic statutory reports for review and approval by the Accounting Manager. 

• Continuously update Loan Servicing Desk procedures based on new information and insights gained. 

QUALIFICATIONS 

• Bachelor’s degree in accounting, economics, or related field and at least 3 years of accounting experience in a financial lending organization or 5+ years of experience of general ledger accounting and ability to learn new skills and acquire knowledge.  

• Experience with accounting entries related to loan servicing highly preferred. 

• Preferred to have acquired knowledge of accounting principles: US GAAP and/or knowledge of non-profit accounting standards.  

• Knowledge and previous experience in accounting for home mortgages and/or multi-family real estate development loans highly preferred. 

• Ability to analyze results, come up with conclusions, and make data driven recommendations.  

• Demonstrated ability to work independently with a high degree of sound business judgment and professionalism. 

• Highly proficient in Microsoft Office, specifically Excel spreadsheets and functions.  

• Familiarity with File Sharing, Customer Resource Management systems, and experience with fund accounting software (Sage/Intacct for example) highly preferred 

• Excellent organizational skills. 

• Ability to quickly adapt and understand Housing Trust Silicon Valley culture and values. 

• Ability to interact effectively at all management levels and collaborate across various levels of diversity including race, color, national origin, ancestry, sex, marital status, disability, religious or political affiliation, actual or perceived gender identity, age, or sexual orientation. 

Housing Trust is an equal opportunity employer to all regardless of race, color, national origin, ancestry, sex, marital status, disability, religious or political affiliation, actual or perceived gender identity, age or sexual orientation. Housing Trust is committed to diversity, equity and inclusion and our goal is to have a workforce (at all job levels) that is representative of the communities we serve. 

Another Source works with their clients, on a retained project basis. We are committed to building inclusive candidate pools as we partner with hiring teams. Veterans, women, people of color, LGBTQIA+, and people with disabilities are encouraged to apply. As you read through the job posting and review the list of qualifications (required and/or preferred), please do not self-select out if you feel you do not meet every qualification. No one is 100% qualified. We encourage you to apply and share your story with us.