Staff
PGIM · Letterkenny, Ireland · Hybrid
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Prepare and reconcile agency mortgage loan journal entries, cash logs, balance sheet reconciliations and analytics for real estate loan servicing.
Worth knowing: Role requires willingness to work extended hours
Location: This role is based in our Letterkenny office two days a week. What you will do: The PGIM Real Estate Loan Servicing business, has an immediate opportunity within the accounting division at their Letterkenny Location. PGIM Real Estate is seeking a Accounting Specialist to join its Agency Accounting Team. You will be responsible for the preparation of Agency mortgage loan journal entries corresponding to the life cycle of the loan (i.e., borrower deposit, rate lock, funding, and loan settlement) as well as maintaining the associated cash logs. Other related responsibilities include accounting for Mortgage Servicing Rights (MSR’s), analytics (e.g., Revenue schedules and “Goal Posts”), PASS account reconciliations (Prudential’s system for assuring materially correct Balance Sheet account balances), Loan Fee accounting, debt (to fund loans) tracking, and creation of robust policies and procedures. The ideal candidate will be collaborative, initiative-taking, and work well within a fast-paced, challenging environment. They will take ownership of their work and accountability for driving positive business outcomes. What you can expect: Prepare Agency cash logs and corresponding journal entries. Prepare bank account reconciliations. Prepare closing wires and reconcile borrower’s deposits through Loan Fee Accounting. Prepare mortgage loan accounting entries (including preparation of and maintaining the Agency Mortgage Loan Master Files which track loans at rate lock, funding, and settlement). Review mortgage loan agreements to ensure use of correct interest rate and principal when preparing journal entries. Obtaining a solid understanding of the business to perform effective analytics (e.g., Revenue Schedules and Goal Posts). Prepare Balance Sheet reconciliations, and identify and institute account reconciliation efficiencies where warranted, in support of proper PASS account sign-off. Effectively partner across the organization with Investor Reporting, Investor Operations, Servicing, Asset Management, Portfolio Management, Controllers, Financial Reporting, and IT to ensure effective communications across the platform. Prepare various analytical reports and support special projects on an as needed / Ad Hoc basis. What you will bring: Bachelor’s degree and 2+ years of relevant accounting experience Solid understanding of GAAP accounting principles.
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