The posting
Who We Are
At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.
Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.
Primary Function
The Sr Advance & Expense Management Analyst plays a critical role in overseeing the company’s expenses and advances, ensuring alignment with budgetary and financial objectives. Key responsibilities include tracking, reconciling, and reporting on expenses, ensuring compliance with Generally Accepted Accounting Principles (GAAP), and maintaining accurate financial records. Additionally, the Senior Analyst is tasked with preparing and reviewing financial reports, analyzing account balances, and resolving discrepancies to support the company’s financial integrity. The role of a Sr Advance & Expense Management Analyst will be expected not only to excel in managing the company’s finances but also to serve as a mentor and leader for junior analysts. The Sr Advance & Expense Management Analyst will also be expected to be a subject matter expert (SME) and be a go-to resource for complex issues, with the ability to solve problems with minimal supervision.
Principal Duties:
- Review and analyze financial statements to identify potential company risks and propose cost saving strategies to senior leadership.
- Identify and mitigate risks related to expense management by implementing appropriate controls and safeguards.
- Lead initiatives to improve the efficiency and effectiveness of expense management processes, including the use of technology and automation.
- Prepare detailed reports and presentations for senior management, providing insights and recommendations based on data analysis.
- Lead and mentor a team of junior expense management analysts by fostering a culture of continuous improvement and professional development.
- Maintain the accuracy and integrity of the company's general ledger to the servicing system.
- Coordinate with the different business units and monitor advance activity to prevent ageing advances.
- Manage the Freddie Advance Management Program (AMP) advance process for monthly reimbursement and transfer of advances.
- Performs related duties as assigned by management.
Education and Experience
- Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
- 5+ years’ corporate finance experience.
- 5+ years Mortgage Servicing experience.
Knowledge, Skills, and Abilities
- Strong analytical and problem-solving skills, with the ability to interpret complex data and make data-driven decisions.
- Excellent communication and interpersonal skills, with the ability to interact effectively with all levels of the organization.
- Excellent time management skills to complete multiple deadlines with minimal supervision.
- Experience with Structured Query Language (SQL).
- Proficient knowledge of Microsoft Outlook, Word, and Excel.
Additional Information:
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.
Why Newrez
We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.
Company Benefits:
We offer benefits, programs, and perks that support you in every aspect of your life.
- Medical, dental, and vision insurance
- Health Savings Account with employer contribution
- 401(k) Retirement plan with employer match
- Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave
- Adoption Assistance
- Tuition & Certification reimbursement
- Employee Mortgage Loan Program
- The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships
Newrez NOW:
Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.
- 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)
- Matching Gifts Program - dollar-for-dollar up to $1,000
- Access to grants, nonprofit resources, and volunteer opportunities
- More than $6,000,000 donated since 2020
- 1 in 5 employees participates in at least one Employee Resource Group (ERG)
Equal Employment Opportunity
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
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