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Fannie Mae

Buys home loans from lenders and guarantees them

Finance – Accounting - Associate

Financial AccountingPosted on Nov 12
Full-timeReston, VA, USA

About the Job

Requirements

  • A bachelor's degree is required.
  • A bachelor's degree and/or master's degree in Accounting or Finance, or equivalent, is desired.
  • Ability to develop a solid understanding of Fannie Mae's business model.
  • CPA or CPA eligibility.

Responsibilities

  • Gather, document, and maintain financial information from relevant finance and accounting sources.
  • Analyze business and financial information to determine appropriate accounting treatment and record results with support from the team and manager.
  • Prepare financial statements and footnote disclosures within 10-Q and 10-K filings.
  • Collaborate with internal teams to gather required information and meet reporting timelines.
  • Develop reports to document assets, liabilities, profit and loss, tax liability, and/or other financial results.
  • Ensure compliance with company policies and procedures related to financial reporting.

Desired Qualifications

  • Prior experience with audits of SEC registrants or industry SEC reporting experience.

About the Company

Fannie Mae

Buys home loans from lenders and guarantees them

Fannie Mae buys single-family and multifamily mortgages from banks, credit unions and other lenders across the United States, giving those lenders cash to make more home loans. It does not lend to homebuyers directly; instead it pools most of the loans it buys into mortgage-backed securities and guarantees investors timely payment of principal and interest. Lenders deliver loans that meet its underwriting standards, often checked through its Desktop Underwriter system. The company earns guaranty fees on the securities it backs and interest income on loans held in its portfolio. Congress chartered it in 1938, it has operated under federal conservatorship since 2008, and it is headquartered in Washington, D.C.

Company size
5,001-10,000
Company stage
IPO
Headquarters
Washington, DC
Founded
1938

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