About this role
The role is responsible for agency mortgage loan accounting and reconciliation activities for PGIM Real Estate, including cash logs, journal entries, MSRs, and Loan Fee accounting. The position also supports analytics and requires maintaining robust policies and procedures.
Key Responsibilities
- Prepare agency mortgage loan journal entries across the loan lifecycle
- Maintain agency cash logs and associated reconciliations
- Account for Mortgage Servicing Rights (MSRs) and Loan Fee accounting
- Perform PASS account reconciliations and support balance sheet sign-off
- Maintain Agency Mortgage Loan Master Files and review mortgage loan agreements
Technical Overview
This accounting role focuses on mortgage servicing and agency loan lifecycle accounting, producing journal entries for borrower deposits through loan settlement. It includes reconciling bank accounts and balance sheet accounts through PASS, maintaining Agency Mortgage Loan Master Files, and reviewing loan agreements for correct interest rate and principal.
Ideal Candidate
The ideal candidate is a senior accountant experienced in agency mortgage loan accounting and reconciliation work. They can prepare and maintain journal entries and cash logs across the loan lifecycle, perform PASS account reconciliations, and manage Mortgage Servicing Rights (MSRs) and Loan Fee accounting with strong attention to balance sheet accuracy.
Must-Have Skills
Prepare Agency mortgage loan journal entries corresponding to the life cycle of the loan (borrower depositrate lockfundingand loan settlement)Maintain the associated cash logsAccounting for Mortgage Servicing Rights (MSR's)PASS account reconciliationsLoan Fee accountingDebt (to fund loans) trackingPrepare Agency cash logs and corresponding journal entriesPrepare bank account reconciliationsPrepare mortgage loan accounting entries (including preparation of and maintaining the Agency Mortgage Loan Master Files)Review mortgage loan agreements to ensure use of correct interest rate and principal when preparing journal entriesPrepare Balance Sheet reconciliationsand identify and institute account reconciliation efficiencies where warrantedin support of proper PASS account sign-off
Tools & Platforms
PASS (Prudential's system for assuring materially correct Balance Sheet account balances)
Required Skills
Agency mortgage loan journal entriesborrower depositrate lockfundingloan settlementcash logs maintenanceMortgage Servicing Rights (MSRs)revenue schedules"Goal Posts"PASS account reconciliationsLoan Fee accountingdebt trackingbank account reconciliationsclosing wiresborrower deposit reconciliationAgency Mortgage Loan Master Filesmortgage loan accounting entriesmortgage loan agreements reviewinterest rate verificationprincipal verificationBalance Sheet reconciliationsaccount reconciliation efficienciespolicy and procedure creation
Hard Skills
Agency mortgage loan journal entriesLoan lifecycle accounting (borrower depositrate lockfundingloan settlement)Cash logs maintenanceMortgage Servicing Rights (MSRs)Revenue schedules"Goal Posts" analyticsPASS account reconciliationsLoan Fee accountingDebt (to fund loans) trackingBank account reconciliationsClosing wires preparation and reconciliationBorrower's deposits reconciliation through Loan Fee AccountingAgency Mortgage Loan Master FilesMortgage loan accounting entriesMortgage loan agreements reviewInterest rate and principal verification for journal entriesBalance Sheet reconciliationsAccount reconciliation efficienciesMaterially correct Balance Sheet account balancesPolicy and procedure creation and maintenance
Soft Skills
CollaborativeInitiative-takingOwnership of work and accountabilityDrive positive business outcomesWork well in a fast-pacedchallenging environmentPartner across the organization
Keywords for Your Resume
PGIM Real EstateAccounting SpecialistSenior AccountantAgency Accounting TeamAgency mortgage loan journal entriesborrower depositrate lockfundingloan settlementcash logsMortgage Servicing RightsMSRsPASS account reconciliationsPASSLoan Fee accountingdebt (to fund loans) trackingbank account reconciliationsclosing wiresLoan Fee AccountingAgency Mortgage Loan Master Filesmortgage loan agreementsinterest rateprincipalBalance Sheet reconciliationsaccount reconciliation efficienciespolicy and procedures
Deal Breakers
Must be able to prepare Agency mortgage loan journal entries across borrower deposit, rate lock, funding, and loan settlement, Must be able to perform PASS account reconciliations with balance sheet sign-off accuracy, Must be able to prepare and maintain Agency Mortgage Loan Master Files
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