VP Finance
Company: Open Mortgage, LLC
Location: Austin
Posted on: May 27, 2023
Job Description:
If you are unable to complete this application due to a
disability, contact this employer to ask for an accommodation or an
alternative application process. VP Finance Full Time Corporate
Office, Austin, TX, US 30+ days ago Requisition ID: 1686 About Open
Mortgage LLC Open Mortgage exists to empower the American dream of
home ownership. We are based in beautiful Austin, Texas, where we
like to keep things interesting, and sometimes downright "weird".
Open Mortgage is a financially stable, experienced, and reliable
Mortgage Banker that has been in business for 20 years, with
exciting plans for growth. We combine the strength and resources of
a national lender with the support, approach, and flexibility of a
family-owned operation. Open Mortgage believes that Better is
Possible -. We are committed to providing our originators with the
cutting-edge technology, products, tools, and service they need to
achieve greatness in today's "high tech - high touch" market. We
currently operate nationwide, in most states in the USA. For
Qualified Candidates, We Offer
- A comprehensive suite of benefits, including company-paid
short-term and long-term disability
- 401k Plan
- A relaxed and fun team-oriented environment - Job Summary
VP-Finance's primary responsibility is to ensure the reliability,
relevance and timeliness of financial reporting in accordance with
GAAP and Open Mortgage's reporting needs. VP shall maintain highly
critical, analytical and objective oversight of the financial
records and deliverables. This position will be a key contributor
toward the enterprise-wide ability to make adequately informed and
timely financial decisions. A successful VP will be able to
professionally inform CFO, Sales Leadership and Branch Managers
toward making profitable decisions for the organization through
various cycles of growth, margin compression, volume volatility and
other market dynamics. Team members under the direct and indirect
supervision of VP shall be properly trained and keenly aware of
department priorities, processes, and policies. VP shall act as a
liaison between the Company's outsourced accounting firm and the
Finance and Accounting team members, as well as all HQ Departments
and Branch Managers to ensure positive, effective, and efficient
flow and feedback of relevant information as appropriate.
- Oversee the preparation and submission of accurate and timely
regulatory reporting as assigned;
- Prepare Interim Financial Statements & Financial
Certifications, ensuring accuracy, completeness and professional
presentation;
- Prepare accurate and reliable Management Financial Reports,
Budgets, Projections, Dashboards and Ad Hoc analysis as
assigned;
- Communicate proactively, effectively and professionally with
Branch and Department Managers;
- Support adequate Treasury - Cash Management oversight &
liquidity management
- Oversee Controllership function as outsourced to Third Party
Firm:
- Maintain and update the Chart of Accounts, Account Groups, Cost
Centers, Master Schedules & Profiles;
- Monitor account balances and transaction details of account
balances, including ongoing detailed scrub of all entries to ensure
dimensional accuracy such as loan number, channel, division, branch
name, LO ID, Vendor Name and accurate Cost Center and GL
selections;
- Ensure dual controls exist over all accounting and payroll
processes and cycles;
- Implement, maintain, review, and update all reconciliation
processes in accordance with policies and requirements as directed
by CFO and interested Third Parties such as State Governments;
- Manage and ensure timely Month End Close to include full and
detailed review and approval of all reconciliations and
processes;
- Assist with comprehensive implementation of new or changing
accounting practices and procedures as necessary to support the
Company's initiatives; Ensure ongoing and adequate enforcement of
all accounting and finance policies & procedures;
- Ensure accuracy and timeliness of 1099 and 1098 issuance;
assist with all related processes and communications;
- Ensure proper tracking and accounting of loan loss
transactions, including Allowances for Loss Reserves, Loss Reserve
allocations and Recoveries, when appropriate;
- Calculate state tax apportioning estimates and prepare
estimated tax payments; Coordinate with Third Party CPA Firm in
annual tax return preparation;
- Manage annual financial audit;
- Understand and maximize application of all Company software as
it relates to accounting and payroll functions and processes;
Identify data inputs, outputs and flow within the organization to
ensure proper integration; Work cooperatively with all departments
to identify methods to ensure data input errors are identified
timely & prevent changes to critical data elements;
- Perform routine reconciliations of data between reports and
systems, ensuring consistency between sources, including but not
limited to, LOS, HRIS, CRM, and Data Warehouse;
- Seek opportunities for process improvement, ultimately
providing solutions to avoid or reduce costs, improve
profitability, and increase organizational capacity;
- Ensure timely completion of all processes and tasks and advise
where resources are needed;
- Participate proactively in Vendor Management to reduce risk of
invoice payment errors, eliminate undesirable auto renewals and
other related contractual losses;
- Effectively support and perform department functions as
needed;
- Demonstrate at all times cooperative behavior and positive
interaction with supervisors, accounting and Company team members
and departments, branch personnel and investors, ensuring all
communications and interactions are done in a courteous,
professional, and timely manner;
- Perform due diligence in all material respects; Supervisory
Responsibilities
- Oversee Facilities Coordinator and his/her areas of
responsibility, including Lease Management;
- Supervise department personnel and processes, directly and
indirectly, including all functions of Accounting and Finance at
the direction of CFO;
- Support fair and flexible scheduling opportunities for all
staff without compromising the accurate and timely completion of
tasks;
- Ensure staff success through coaching for clear understanding
of job requirements and by supporting an environment that is
conducive to teamwork, creativity & quality; Maintain an open door
policy;
- Engage Team Members to build a high performance team and create
successful career paths
- Ensure the department maintains a highly secure workspace area;
Ensure controls and security exist over access to all Company
accounts and other sensitive information; Minimum Qualifications To
perform this role successfully, an individual must be able to
perform each essential duty satisfactorily according to the
discretion of the CFO. The individual must be dependable and
accurate while exhibiting excellent customer service and
communication skills, and must be able to manage a large volume of
unique transactions. The individual must be able to effectively
prioritize to meet deadlines and expectations without compromising
the accuracy and reliability of deliverables. The individual must
be able to effectively manage projects to completion. The
requirements listed below are representative of the knowledge,
skills and/or ability required:
- Professional, thoughtful and articulate oral and written
communication and interpersonal skills with the ability to relate
to individuals at all levels of the organization;
- Exceptional analytical and problem solving abilities;
- Ability to use time efficiently, prioritize and plan work
activities;
- Ability to adapt to change, positively influence and implement
change, and identify areas where efficiencies can be achieved
without sacrificing accuracy;
- Proficiency in Microsoft Excel and ability to carefully manage
documents and maintain shared drives; Willingness to work in Google
Sheets and maintain Shared File Storage in Google Drive;
- Ability to multi-task and work independently; Willingness and
ability to manage remote employees, including effective
communications via Company-provided Google Chat and other modes of
communication;
- Ability and patience to work around and through
interruptions;
- Consistent strength in leadership and desire to help others
learn and succeed; Maintain a high standard of performance of self
and the department;
- Professional appearance, business casual, occasionally required
business formal Education & Experience
- Minimum 5 years of Controller role or related work experience
with an Independent Mortgage Bank;
- Minimum 5 years of FP&A Management experience including
Direct communication with Mortgage Sales Directors and
Managers;
- Knowledge and experience of/with GAAP required; Strong
Accounting acumen;
- Knowledge and experience with Accounting for Derivatives;
- Knowledge and experience with Mortgage Servicing accounting
oversight;
- Experience working with LoanVision
- BS in Accounting preferred, or additional work experience;
- CPA or CFA preferred but not required in lieu of additional
work experience Open Mortgage, LLC is an Equal Opportunity Employer
that welcomes diversity including but not limited to
Minorities/Females/Veterans/Disability/LGBTQIA.
Keywords: Open Mortgage, LLC, Austin , VP Finance, Executive , Austin, Texas
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