Full-Time
Finance – Accounting
Associate, Flexible Hybrid
Confirmed live in the last 24 hours
Fannie Mae
10,001+ employees
Facilitates affordable housing through mortgage financing
Entry
Washington, DC, USA
Flexible hybrid role.
- Advanced proficiency in excel
- Strong analytical and communication skills with the ability to interact and collaborate with employees at all levels, including management
- Bachelor degree or equivalent
- Area of study in Accounting, Business, Finance or Economics
- Certified as a public accountant (CPA) or functional equivalent
- Public accounting, consulting and/or financial services experience
- Previous operational accounting experience in a large company setting
- Strong understanding of the monthly close process
- Ability to resolve issues and exceptions in a timely and professional manner
- 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 team and manager.
- Develop reports to document assets, liabilities, profit and loss, tax liability, and/or other financial results.
- Analyze financial results to ensure accuracy and support business decisions.
- Execute accounting and financial operations processes and related controls.
Fannie Mae operates in the U.S. housing finance system by purchasing mortgages from lenders, which helps provide them with the cash flow needed to offer more loans to consumers. The company buys mortgages from banks and financial institutions, holding some in its portfolio while packaging others into mortgage-backed securities (MBS) that are sold to investors. This process spreads risk and ensures a steady flow of capital into the housing market, promoting homeownership and rental opportunities. Fannie Mae earns revenue through fees for guaranteeing payments on MBS and from interest on its mortgage portfolio. The company aims to facilitate access to affordable housing and is recognized for its commitment to diversity, inclusion, and community service.
Company Stage
IPO
Total Funding
N/A
Headquarters
Washington, District of Columbia
Founded
N/A
Simplify's Take
What believers are saying
- Fannie Mae's strategic initiatives, such as the MH Advantage program, offer new affordable housing options, potentially expanding their market reach.
- The company's robust issuance program, like the $659 million Connecticut Avenue Securities deal, demonstrates its strong position in the credit risk-sharing market.
- Recognition for corporate responsibility and impact, as highlighted in their 2023 CRI Report, enhances Fannie Mae's reputation and stakeholder trust.
What critics are saying
- The ongoing affordability constraints in the housing market could limit the number of buyers, impacting Fannie Mae's business volume.
- Economic uncertainties, such as potential GDP growth downgrades and inflation volatility, could affect the housing market and Fannie Mae's financial performance.
What makes Fannie Mae unique
- Fannie Mae's role as a government-sponsored enterprise uniquely positions it to provide liquidity and stability in the U.S. housing market, unlike private sector competitors.
- Their ability to package purchased mortgages into mortgage-backed securities (MBS) and sell them to investors spreads risk and ensures a steady flow of capital back into the housing market.
- Fannie Mae's commitment to community service, diversity, and inclusion, as evidenced by numerous accolades, sets it apart in the financial services sector.
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