City National Bank · 1 day ago
Manager Accounting – U.S. Mortgage Business
City National Bank is seeking a Manager Accounting for their U.S. Mortgage Business. The role involves building a comprehensive accounting and reporting framework for the mortgage business, ensuring compliance with U.S. GAAP and collaborating with various teams to establish best practices.
BankingFinanceFinancial Services
Responsibilities
Lead all aspects of U.S. GAAP accounting policy and application across the mortgage lifecycle — from loan origination through sale and servicing transfer
Oversee accounting for loan pipelines, warehouse funding, hedging, derivatives, gain-on-sale, and mortgage servicing rights (MSRs)
Design and implement a scalable financial statement close process, ensuring accuracy, timeliness, and completeness of all mortgage-related results each month, quarter, and year-end
Establish and maintain close calendars, account reconciliations, variance analyses, and journal-entry controls that integrate with upstream operational systems
Support reporting needs including full financial statement reporting cycle — including internal management reporting, CFO packages, regulatory and board reporting, and external audit support
Ensure accurate consolidation and presentation of results under U.S. GAAP and RBC corporate accounting policies
Architect and implement accounting workflows, process documentation, and automation for all loan accounting, sale, and servicing activities
Partner with technology teams to align loan origination, capital markets, and servicing systems with the general ledger and sub-ledgers
Develop SOX-ready internal controls and documentation for future scalability
Collaborate closely with the CFO and Secondary/Capital Markets leadership to assess financial impacts of business decisions
Translate complex accounting and market-valuation issues into actionable insights for senior management
Support capital planning, liquidity, and balance sheet strategy with accurate accounting and fair value analytics
Help recruit and develop a high-performing accounting and controllership team
Mentor staff and foster a culture of accuracy, accountability, and operational excellence
Qualification
Required
Bachelor's Degree or equivalent
10+ years of progressive accounting, financial reporting, and controllership experience within U.S. mortgage banking, capital markets, or financial services
Expert knowledge of GAAP, including ASC 860 (Transfers & Servicing), ASC 815 (Derivatives & Hedging), ASC 310, ASC 825, and related mortgage guidance
CPA - Certified Public Accountant
Benefits
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
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