Ocwen - Sr Manager - Investor Accounting

Ocwen Financial Corporation (“Ocwen”) is the largest independent mortgage loan servicer in the United States and the fifth largest overall mortgage servicer. Ocwen is publicly traded (NYSE:OCN) and is widely recognized in government, industry, community and media circles as a leader in foreclosure prevention, mainly through loan modifications. Over the past few years, Ocwen has enjoyed significant growth in its loan servicing portfolio and market capitalization, largely as a result of successfully integrating servicing platforms acquired from large financial institutions.

As a leader in loan modifications, we strive to help struggling families meet their financial responsibilities, get back on track, and stay in their homes as well as help them address the concerns and complex questions they have about their home and mortgage. Helping homeowners is what we do!

Make a difference by working in this dynamic, growing field for one of the most innovative and fastest-growing companies in the mortgage servicing industry. As an Ocwen employee, you will work alongside highly motivated, well-educated peers who share your passion for providing the best possible service to our customers. The position offers advancement opportunities and a competitive salary

The Investor Accounting department is responsible for Investor custodial account reconciliations. The department’s primary responsibilities include:

- Establish and maintain a strong control environment ensuring accuracy of custodial investor account reconciliations and compliance with relevant statutory pronouncement and investor agreements,

- Complete all custodial investor account and advance account reconciliations as per the timelines defined,

- Compliance with regulatory requirements and contract with investors

This position reports to Director Corporate Accounting

Responsibilities:-

In the Investment Accounting area the candidate will manage and provide leadership to the team and ensure:

- Timely closing of books for the Investor Accounting area and compliance with US GAAP

- Timely and accurate reconciliations of investor custodial accounts,

- Development of policies and procedure to strengthen processes and it’s control environment,

- Identify opportunities to automate and create efficiency within the process.

- Compliance with the regulatory requirements and investor contracts.

Key Result Area:-

- The position will require partnering with several finance and business teams in India and US to drive and implement finance strategy to ensure strong internal control environment.

- The candidate will also be responsible to support quarterly financial assertions and will require working closely with investors, regulators, internal and external auditors.

- The candidate will be required to create goals and development plan for the team and work closely to identify training and coaching requirements for the team.

- The position will require hiring, training, on-boarding and supporting strategy that drives talent development and retention.

Qualification:

- CA with an experience of 10 – 15 years

- Good accounting skills with ability to understand complex transactions and a proven track record of automation and standardization of complex processes

- Excellent organization, presentation and customer service skills

- Strong communication skills with ability to work independently and effectively with staff at all levels and from multiple divisions

- Ability to manage multiple priorities and deadlines

- Strong knowledge of Microsoft Suite (Excel, Word, PowerPoint)

- Hands on knowledge of Mortgage servicing businesses and experience in the Investor accounting area (preferred)

- Knowledge of application like MS Access and SQL (preferred)