General Job Summary

The SVP, Accounting and Investor Reporting is responsible for the strategic oversight, development, and execution of all investor remittance, reporting, and accounting functions. This role ensures compliance with investor, regulatory, and financial reporting requirements while optimizing operational efficiencies and maintaining strong internal controls.

The SVP leads the integration of financial accounting with investor reporting, ensuring accurate reconciliation of investor-related transactions within the general ledger. This includes overseeing loan sales, securitizations, remittances, and external account management. Additionally, the role collaborates with the corporate finance and accounting teams to align investor reporting with broader financial strategies, cash flow management, and regulatory compliance.

The SVP will work closely with senior leadership, auditors, rating agencies, and investors to enhance financial transparency, mitigate risk, and improve operational effectiveness. This position also drives process improvements, automation initiatives, and strategic financial initiatives to support the bank’s long-term growth objectives.

Summary of Essential Job Functions

Strategic Leadership and Investor Management

• Lead and oversee the investor remittance and reporting team, ensuring accuracy, timeliness, and compliance with all regulatory and investor guidelines.
• Manage all aspects of investor reporting and remittance for government-sponsored enterprises (GSEs) (e.g., GNMA, FNMA, FHLMC) and private investor loans.
• Oversee the preparation and submission of annual GSE renewal forms and compliance reporting.
• Develop and implement best practices for investor financial reporting, including securitizations and structured finance transactions.
• Build and maintain strong relationships with investors, counterparties, rating agencies, and regulatory bodies.
• Manage the onboarding of new investors, ensuring seamless integration of accounting and remittance processes.

Financial Oversight and Audit Management

• Oversee and support all internal and external audits, including investor, client, regulatory (state and federal), financial, and compliance audits.
• Oversee the preparation and reconciliation of financial statements related to investor remittance and reporting, ensuring compliance with GAAP and regulatory requirements.
• Ensure accurate general ledger accounting for investor remittances, loan sales, and securitization activities.
• Work closely with the corporate accounting team to integrate investor reporting with financial statement preparation and external financial reporting.
• Analyze financial data and trends to support strategic planning and risk management. 
• Monitor and manage the impact of investor-related transactions on the company’s financial position and cash flow.
• Serve as the primary point of contact for external auditors, regulators, and internal audit teams.
• Work in collaboration with the Audit Coordinator in Ann Arbor to ensure timely and accurate audit responses.
• Review and approve complex reconciliations, including custodial, corporate, and investor account reconciliations.
• Develop and enhance financial controls, ensuring compliance with regulatory standards and internal policies.

Securitizations and External Account Management

• Manage all aspects of loan securitizations, including data integrity, investor remittances, financial modeling, and risk assessment.
• Oversee escheatment processes and remittance to ensure compliance with state and federal requirements.
• Lead initiatives to streamline and optimize external account reconciliation processes.
• Evaluate and implement technology-driven solutions to improve efficiency and accuracy in investor reporting and financial management.

Board and Executive-Level Reporting

• Prepare and present monthly financial summaries for board meetings, providing insights on investor performance, remittances, and risk exposure.
• Develop key financial metrics and dashboards to aid executive decision-making.
• Collaborate with corporate finance and treasury teams to align investor reporting with broader financial strategies.

Process Improvement & Innovation

• Develop new reconciliation processes for recurring financial variances and exceptions.
• Lead initiatives for new product development, ensuring financial structures, pricing, and systemic validation are fully vetted before rollout.
• Implement automation and process efficiencies to enhance the accuracy and speed of reporting functions.

Compliance and Risk Management

• Enforce compliance with all University Bank policies and procedures.
• Represent MLS at industry conferences, staying ahead of market trends and regulatory changes.
• Provide strategic input on financial risk mitigation and investment strategies.
• Support the CEO and executive leadership team with special projects and strategic initiatives.
• Perform other duties as assigned to support business growth and operational excellence.

Education, Training and Work Experience

• Bachelor’s degree in Finance, Accounting, Economics, or related field (Master’s degree preferred).
• Experience with GAAP/Statutory Reporting for Insurance companies is a plus.
• 10+ years of experience in mortgage servicing, investor reporting, securitizations, or related financial services.
• Strong expertise in GSE loan servicing, remittance, and financial reporting.
• Experience in structured finance, securitizations, and loan sales.
• Demonstrated leadership in managing external account reconciliations and regulatory compliance.
• Proven ability to develop and implement financial controls, audits, and process improvements.
• Strong relationship management skills with investors, auditors, and regulatory agencies.
• Proficiency in financial software, data analytics, and automation tools.
• CPA license is preferred but not required.

Knowledge, Skills, and Abilities

• Maintain & foster positive relationships with customers and business partners.
• Complete all assigned training in a timely manner.
• Provide professional communication in both oral & written expressions.
• Excellent leadership and management skills.
• Excellent organizational, time management & analytical skills.
• Able to communicate and negotiate effectively.
• High degree of accuracy.
• Ability to manage and maintain confidential information.
• Ability to effectively collaborate with other business areas.
• High degree of dependability.
• Able to meet tight deadlines.
• Able to work effectively under pressure.
• Able to effectively problem solve.

Working Environment

Primary working environment is within an indoor climate-controlled office space and/or a private home office or some combination which will be at management’s sole discretion. Employee may be subject to florescent lighting, dust, and other normal indoor allergens. Employee may work in close proximity of coworkers and occasionally independently in quiet environments.

Physical Requirements

• Able to lift up to 20 pounds.
• Extended periods of sitting (at computer desk).
• May be exposed to extended periods of interaction with others (listening, talking, taking notes).
• Ability to travel on a flexible schedule as needed.
• Complete repetitive tasks (including operation of computer mouse/keyboard).

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

The salary range for this role takes into consideration a wide range of factors including but not limited to the duties of the role, experience, location, and certificates and/or education. The target salary range for this position is between $160,000 - $190,000 per year. 

**University Bank is an Equal Opportunity / Affirmative Action Employer**