Loan Accounting Associate @ AlphaFlow

INACTIVE

Full-Time

Loan Accounting Associate

Posted on 7/19/2023

AlphaFlow

11-50 employees

Automates non-bank real estate lending through technology

Real Estate

Junior

Remote

Required Skills

Excel/Numbers/Sheets

Requirements

Associates Degree
Advanced Microsoft Excel skills
Minimum 1 year Mortgage accounting experience
Excellent communication skills; proven ability to communicate effectively with internal and external business partners at various levels
Solid experience with Excel/Sheets
Ability to work independently
Strength in problem solving, applying hard data and qualitative insight to frame problems and develop novel solutions
Strong communication skills (both verbal and written) and demonstrated ability to communicate, present, and influence effectively in-person, via email, and over the phone
Keen attention to detail
Ability to work with a variety of stakeholders
Proactive self-starter who enjoys a fast-paced environment and an ability to prioritize, multi-task, and meet pressing deadlines

Responsibilities

Review Loan Delivery Data (LDD) and Purchase Advice (PA) downloads for reasonableness and works with the responsible individuals to make any necessary corrections
Prepare loan sale journal entries based on Purchase Advice (PA) and Settlement Statement
Monitor all loan movement and cash settlement activity between the Loan Purchase, Boarding/Service Release group and Sub-Servicers
Track and validate Investor and Cash Services in the collection and disbursement of all boarded and service release related cash
Daily and Monthly Reconciliation of Sub-servicer Borrower Cash Receipts and Disbursements Reports to validate alignment with Investor and Lender Remittances
Prepare month-end reconciliations of assigned loan related accounts and works with the responsible individuals to make any necessary corrections
Process, Record and Reconcile Construction Draws

Desired Qualifications

Bachelor's Degree in Accounting, Finance, Business or related field
Experience with loan funding
Experience with processing of loan payments, advances and escrow accounting

As a result of AlphaFlow’s real estate portfolio growth, we are adding additional a Loan Accounting Associate to our team.

What You’ll Accomplish

·Review Loan Delivery Data (LDD) and Purchase Advice (PA) downloads for reasonableness and works with the responsible individuals to make any necessary corrections.

·Prepare loan sale journal entries based on Purchase Advice (PA) and Settlement Statement.

·Monitor all loan movement and cash settlement activity between the Loan Purchase, Boarding/Service Release group and Sub-Servicers.

·Track and validate Investor and Cash Services in the collection and disbursement of all boarded and service release related cash.

·Daily and Monthly Reconciliation of Sub-servicer Borrower Cash Receipts and Disbursements Reports to validate alignment with Investor and Lender Remittances.

·Prepare month-end reconciliations of assigned loan related accounts and works with the responsible individuals to make any necessary corrections.

·Process, Record and Reconcile Construction Draws.

Requirements

·Associates Degree.

·Advanced Microsoft Excel skills

·Minimum 1 year Mortgage accounting experience.

Preferred Qualifications

·Bachelor’s Degree in Accounting, Finance, Business or related field.

·Experience with loan funding

·Experience with processing of loan payments, advances and escrow accounting

Knowledge Skills Abilities

·Excellent communication skills; proven ability to communicate effectively with internal and external business partners at various levels

·Solid experience with Excel/Sheets

·Ability to work independently

·Strength in problem solving, applying hard data and qualitative insight to frame problems and develop novel solutions

·Strong communication skills (both verbal and written) and demonstrated ability to communicate, present, and influence effectively in-person, via email, and over the phone

·Keen attention to detail

·Ability to work with a variety of stakeholders

·Proactive self-starter who enjoys a fast-paced environment and an ability to prioritize, multi-task, and meet pressing deadlines

Access. Transparency. Technology. Founded in 2015, AlphaFlow is connecting the $600B non-bank real estate market with the world’s capital markets. We partner with non-bank real estate lenders around the country who provide 6-12 month bridge loans on single-family and small multifamily properties, as well as rental loans. AlphaFlow empowers these lenders to grow by purchasing their loans and thereby expand their businesses with less capital.

To further help lenders, AlphaFlow designs and builds software to streamline and automate today’s manual workflow. Our engineering team is constantly developing simple and elegant solutions to further automate a manually intensive industry.

As a result of leading with technology and data analytics, AlphaFlow is able to provide transparency & speed at a rate our competitors cannot match.

AlphaFlow is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, or Veteran status.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

AlphaFlow

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Website

View Company Profile

AlphaFlow, a pioneer in the non-bank real estate market, leverages technology and data analytics to provide unparalleled transparency and speed, outpacing competitors in the $600B industry. By purchasing loans from non-bank real estate lenders, AlphaFlow enables these businesses to expand with less capital, while their in-house engineering team continuously develops software to automate and streamline the traditionally manual workflow. With offices in San Francisco and Austin, this rapidly growing company offers a dynamic work environment that is at the forefront of technological advancement in the real estate market.

Company Stage

Series A

Total Funding

$20.3M

Headquarters

San Francisco, California

Founded

2015

Growth & Insights

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↓ -77%

Benefits

Medical, dental, & vision insurance

Flexible schedule

Lunch &. snacks

Team activities

Company retreats

INACTIVE