Real estate investor job description

JOB TITLE: REAL ESTATE INVESTMENT TRUST CFP

• Proof of Vaccination required
• Type - Temp to hire
• Duration -Temp-to possible- Hire, duration estimated for approximately 6 months (may end shorter or extend longer per Client request)
• Rate - $115/hr**no benefits, no paid time off, no holiday paid time off for temp duration; if converted, benefits will be offered
• Location - Newport Beach, CA or New York, NY or remote
• Start - Immediate
• ** Pre-employment criminal screen, drug screen, completed degree/education verification and employment verifications are required to pass before clearing to start

* *REQUIRED
** Minimum of a Bachelor's Degree
**Proof of Vaccination required
POSITION OVERVIEW:
The Alts-CFP will directly work with Alternative Finance team and external service providers charged with oversight for a private mortgage Real Estate Investment Trust with assets in excess of $5 billion . The current structure is supported by a third-party administrator, outsourced accounting service provider and outsourced chief accounting officer.

A key objective is for the Alts-CFP to gain an understanding of the existing processes, such that certain accounting functions will move in-house over time, with the goal of ultimately migrating from an external accounting function to an internal accounting team, which will initially be comprised of contract finance professionals. The Alts-CFP will be instrumental in continuing to build and refine financial processes and controls for a growing private mortgage REIT. The successful Alts-CFP will be detail focused as well as having a solid understanding of all aspects of accounting for residential RMBS, residential mortgage loans and corresponding securitizations, including revenue recognition and consolidation. Should have strong technical accounting skills.
PRIMARY RESPONSIBILITIES:

• Work with and review third-party service provider's investment accounting processes and outputs;
• Review of third-party service provider's preparation of accounting and financial statements and oversee monthly general ledger maintenance, including bank reconciliations, intercompany accounts, tracking mortgage interest payments and expenses;
• Accounting and reporting for whole loan pools (purchases, sales and securitizations) and review of the Trust Account reconciliations;
• Assist with managing the REIT's legal entity and account structure, overseeing the formation and assignment of new accounts and legal entities;
• Review daily deliverables from accounting administrator for reasonableness, identify and analyze significant variances with the assistance of the administrator;
• Prepare/review daily projected cash flow/liquidity reporting;
• Assist with the monthly and quarterly close processes:
  • Review journal entries for daily cash activity, including trades, remittances, and various other receipts and disbursements. Review daily bank reconciliations and address any custody account overdrafts;
  • Assist with the monthly structured financing waterfall process, which involves coordination among the asset and financing portfolio management team, financing counterparties, agent banks, and fund administrator;
  • Assist in A/P process, expense accruals; assigning account numbers; requesting payments and reconciling accounts. ReadSoft or other AP system knowledge helpful;
  • Assist with the closing of any new structured financings and the related review of financial reporting covenants;
  • Assist in the preparation of daily and monthly general ledger entries; and the review of the journal entries into the Company's GL system;
  • Assists in preparing consolidated financial statements by gathering and analyzing information from the general ledger system and from various departments;
  • Review/prepare monthly-work papers, monthly accruals and account roll-forwards;
  • Review/perform various reconciliations to assist management with reviews of financial statements;
  • Coordinate with accounting team to ensure that data is flowing between all parties on a timely basis;
  • Coordinate with auditors to provide information requested;
  • Process wires;
  • Maintain process & procedures documentation.

QUALIFICATION AND EXPERIENCE REQUIREMENTS:

• Undergrad degree in Accounting or Finance;
• 10+ years' of relevant work experience with a mortgage-REIT or bank;
• Individual must have strong drive and initiative;
• Hands on experience with general ledger systems;
• Advanced Excel skills, working knowledge of Outlook and Word.
• Strong attention to detail and excellent organizational skills a must;
• Must have strong leadership skills and ability to identify opportunities and make recommendations for process improvements across the business;
• Knowledge of RMBS; mortgage loans; securitization and re-securitization transactions, repurchase agreements; interest rate swaps; TBAs, and general ledger systems.