Position Summary
HMA Mortgage is a leading IMB in the retail mortgage channel. The Controller is a critical role, reporting directly to the Chief Financial Officer. This position is responsible for the overall management of the company's technical accounting operations, internal controls, and financial reporting.
Essential Duties and Responsibilities
1. Financial and Management Reporting
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Oversee the preparation of accurate, timely, and compliant monthly, quarterly, and annual financial statements in accordance with Generally Accepted Accounting Principles (GAAP).
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Develop, maintain, and analyze detailed Retail Branch P&L statements and reports, providing insights into revenue, commission expenses, operating costs, and profitability by branch location.
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Present and clearly communicate financial results, trends, and key performance indicators (KPIs) to the CFO, executive team, and Branch Managers, translating complex financial data into actionable business recommendations.
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Manage the monthly financial close process, ensuring all mortgage-specific transactions, including loan sales, hedging adjustments (if applicable), loan origination costs (LOCs), and revenue recognition, are properly recorded and reconciled.
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Oversee and manage the operational and accounting aspects of the company's warehouse lines of credit, ensuring proper utilization, reconciliation, and compliance with all covenants.
2. Accounting Operations and Internal Controls
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Direct all accounting functions, including General Ledger, Accounts Payable, Accounts Receivable, Payroll, and Fixed Assets.
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Establish, monitor, and enforce strong internal controls and financial policies to safeguard company assets and ensure regulatory adherence, particularly for mortgage lending, servicing (if applicable), and retail branch expenditures.
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Coordinate and manage all external audit activities (financial and regulatory)
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Coordinate and manage external tax preparation.
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Ensure compliance with all federal, state, and local regulatory reporting requirements applicable to an IMB.
3. Budgeting, Forecasting, and Strategic Support
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Lead the annual budgeting process and the ongoing financial forecasting for the entire organization, with granular detail provided for the retail branch network.
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Partner with Operations and Sales leadership to evaluate the financial performance of new and existing branches, providing cost analysis and profitability projections for strategic expansion decisions.
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Manage and forecast corporate and loan-level cash flows, especially as they relate to loan funding, servicing advances, and warehouse lines of credit.
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Provide financial analysis for key business decisions, capital expenditure requests, and commission structure modeling.
4. Leadership and Team Management
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Manage, mentor, and develop the corporate accounting team, ensuring a high level of expertise in mortgage accounting and financial reporting.
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Foster a culture of accuracy, compliance, and continuous process improvement within the finance department.
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Drive initiatives to automate and optimize accounting systems and processes (e.g., loan origination system integration with the General Ledger).
Qualifications
Required:
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Bachelor’s degree in Accounting, Finance, or a related field.
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Minimum of 7 years of progressive experience in accounting or finance, with at least 3 years as a Controller or Assistant Controller.
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Demonstrated experience in the mortgage banking industry is mandatory, with a strong working knowledge of accounting for loan origination, MSRs (if applicable), and loan sales to the secondary market.
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Proven experience developing and analyzing detailed P&L statements for a multi-branch or decentralized retail operation.
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In-depth knowledge of GAAP and regulatory reporting requirements for Independent Mortgage Banks (IMBs).
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Strong leadership and supervisory experience with the ability to manage and develop an accounting team.
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Excellent communication, interpersonal, and presentation skills to effectively partner with executive leadership and non-financial branch personnel.
Preferred:
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Certified Public Accountant (CPA) license.
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Master’s degree in Business Administration (MBA) or Finance.
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Experience with a major Loan Origination System (LOS) and its financial interface.
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Working knowledge of hedge accounting concepts.
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Proficiency in financial modeling and advanced Excel skills.
